BCBS Proposed UCC Changes May Impact US Intl Credit Cards

BCBS Proposed UCC Changes May Impact US Intl Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Basel Committee’s (BCBS) proposal to apply higher capital charges for “unconditionally cancelable lines of credit” (UCCs) could impact internationally active US credit card banks CET1 ratios on average by 375 basis points, absent any remedial measures from affected institutions. Fitch Ratings says, if implemented by the US authorities, the measures…

Metabank & Blackhawk Renew Prepaid Vows

Metabank & Blackhawk Renew Prepaid Vows

MetaBank has inked a new multi-year agreement with Blackhawk Network for marketing, servicing, and processing services for a broad range of consumer and corporate financial products issued by MetaBank. Blackhawk has chosen Metabank as the preferred issuer of network branded prepaid programs distributed through their network. Blackhawk Network Holdings is a major prepaid and payments…

APS Beefs-up its Acumatica Credit Card Processing Solution

APS Beefs-up its Acumatica Credit Card Processing Solution

AZ-based American Payment Solutions has unveiled the newest release of their integrated Acumatica credit card processing solution for Acumatica users and resellers in the U.S. and Canada. This solution enables Acumatica users to integrate credit card processing directly with cloud-based Acumatica software. This helps to maximize productivity, reduce errors and take advantage of significant cost-saving…

PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After trailing off over the past four quarters Visa’s Central Europe – Middle East – Africa (CEMEA) region rebounded nicely in the first quarter (1Q/16). Purchase dollar volume (PDV) and purchase transactions (PTX) both soared well into double-digits year-on-year (YOY). The number of gross accounts (GAC) and cards-in-force (CIF) remained stable…

MC Europe 1Q Cash Volume Soars 25% FX YOY; PDV Steady

MC Europe 1Q Cash Volume Soars 25% FX YOY; PDV Steady

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s European region remained solidly in double-digit year-on-year (YOY) gains for the first quarter (1Q/16). On a currency adjusted basis (FX) cash dollar volume (CDV) exploded more than 25% YOY and purchase transactions (PTX) topped 23% YOY in 1Q/16. Europe is MasterCard’s second largest international region based on GDV and MasterCard’s…

Virtual Piggy Ankles John Coyne to Overhaul Business Models

Virtual Piggy Ankles John Coyne to Overhaul Business Models

Virtual Piggy has ankled a seasoned financial services and technology executive as its new CEO and Chairman. John Coyne took over the helm last month. He is focusing on simplifying and updating Virtual Piggy’s business models by leveraging its current infrastructure and enhancing its operating environment for mobile payments to enable more flexibility to meet rapidly changing…

Briefs – FPC; Q2; RKL; and RCI

In Other News: FPC (FPC-BM); Q2 (CorePro); RKL (Sage/Concur); and RCI (award). FPC – Fingerprint Cards (FPC) has introduced an embedded biometric module solution, FPC-BM, in a compact form factor. FPC-BM brings FPC’s world-leading capacitive fingerprint technology into a wide range of new applications, including access control, industry and healthcare, automotive, and Internet of Things…

Bango Gunning for Dominance in Carrier Billing for App Stores

Bango Gunning for Dominance in Carrier Billing for App Stores

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bango has gobbled up the BilltoMobile carrier billing service and associated contracts from Danal. The acquisition positions Bango as the leader in carrier billing in the U.S. market and consolidates its position as the world’s leading provider of carrier billing for app stores. As a result of the acquisition, Bango is…