Other News: MASTERCARD; UNIONPAY; PRAIRIE; and DEALERSOCKET

In Other News: MASTERCARD (Fivory); UNIONPAY (cruises); PRAIRIE (m-wallet); and DEALERSOCKET (ProPay). MASTERCARD – Auchan Retail France, Oney and MasterCard join Fivory to accelerate the adoption and the roll-out of mobile payment and the dematerialization of the purchasing journey. All these players indeed participate in the development of a new open ecosystem, adapted to every…

American Express and Facebook to Pilot Amex Bot for Messenger

American Express and Facebook to Pilot Amex Bot for Messenger

American Express and Facebook are working hand-in-hand to explore innovative new experiences to interact with Card Members in Messenger. American Express expects to launch a pilot Amex bot for Messenger in the coming months for eligible U.S. Consumer and OPEN Card Members who opt-in to participate. The concept demonstrated how American Express Card Members could…

Visa + MC U.S. GDV Rises 9.9% YOY Driven by Credit Cards

Visa + MC U.S. GDV Rises 9.9% YOY Driven by Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew 9.9% year-on-year (YOY). Credit card growth outpaced debit cards in the U.S. by 150 basis points (bps) YOY. Visa U.S. payment card (credit + debit) GDV for 1Q/16 was up 10.0%. MasterCard U.S.…

Mobile Banking Accelerating But Mobile Lending is a Real Laggard

Mobile Banking Accelerating But Mobile Lending is a Real Laggard

New research confirms online payments are taking off, however alternative e-lending is sputtering. Online payment services are the most popular alternative to traditional banking with 19% of consumers, but customers who borrowed money from peer-to-peer or marketplace lenders remained flat, with no signs of growth. FICO’s latest consumer finance trend research has revealed that a…

Capital One Drives Top 4 US Issuers GDV YOY Growth

Capital One Drives Top 4 US Issuers GDV YOY Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the top four bank credit card issuers, rose an estimated 9.9% year-on-year (YOY) in the first quarter (1Q/16). The growth was driven by Capital One’s explosive growth. The top four U.S. issuers racked up an estimated $295.2 billon in GDV for 1Q/16, compared to $322.5…

Major 4 Networks Global Cards-in-Force Up 6.4%

Major 4 Networks Global Cards-in-Force Up 6.4%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global payment cards-in force (CIF) [credit + debit] grew by 6.4% year-on-year (YOY) in the first quarter (1Q/16) to 4300 million. The growth has been largely driven by Visa and MasterCard’s international “inclusion” drive with debit (& prepaid) cards.

Visa and MasterCard U.S. credit CIF rose 7.1% YOY from 492 million one-year…

Other News: TSYS; BILLTRUST; MAINSTREAM; and RIPPLE

In Other News: TSYS (Equinox); BILLTRUST (AvidXchange); MAINSTREAM (Revel); and RIPPLE (clients). TSYS – TSYS and Equinox Payments announced the availability of a semi-integrated payments solution to help Value-Added Resellers (VARs) quickly and easily develop and release EMV-certified technology to their customers. Running on the Equinox Apollo terminal, the Voyager application is an EMV-certified solution…

Capital One Continues to Drive U.S. PDV Growth 20% YOY

Capital One Continues to Drive U.S. PDV Growth 20% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) among the top four U.S. bank credit card issuers, rose 10.0% year-on-year (YOY) in the first quarter (1Q/16). Capital One PDV grew more than 20% YOY, while Chase and Citi also scored double digit gains. The top four U.S. issuers racked up $281.4 billon in PDV for…