StoneRiver Group Sale Pushes Fiserv Profits Higher

StoneRiver Group Sale Pushes Fiserv Profits Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] WI-based Fiserv reported a huge year-on-year (YOY) jump in first quarter (1Q/16) net income thanks to an asset sale. Gross revenue posted a modest YOY gain driven by payments and industry products revenue. Fiserv posted gross revenue of $1331 million for the first quarter, a 4.4% YOY gain, compared to $1368…

SuitePOS for Salesforce Enables Cloud CRM for Entire Business

SuitePOS for Salesforce Enables Cloud CRM for Entire Business

SuiteRetail has rolled-out SuitePOS, natively supporting the standard for cloud CRM and business apps, Salesforce, to run storefronts and even a retailer’s entire business on a single platform. The SuitePOS for Salesforce solution empowers retailers to connect with and sell to customers in-store. Promotions, products and checkout processes are configured in Salesforce and can span…

BRIEFS: BANKRATE; TIMETRIC; BLUEPOINT; and EATSTREET

In Other News: BANKRATE (acquisition); TIMETRIC (report); BLUEPOINT (client); and EATSTREET (app). BANKRATE – Bankrate has reached an agreement to acquire the business of NextAdvisor, an online source of independent and in-depth research and reviews of credit cards, personal finance and internet services.  TIMETRIC – Timetric’s ‘The Cards and Payments Industry in Nigeria: Emerging Trends…

Credit Card ABS Not Impacted by Stressed Energy Sector

Credit Card ABS Not Impacted by Stressed Energy Sector

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wall Street ratings firms says stress in the U.S. energy sector should not materially impact the credit profiles of large consumer lenders with national footprints, says Fitch Ratings. Furthermore, the credit outlook for U.S. ABCP (Asset-Backed Commercial Paper) for the remainder of 2016 remains stable. Fitch Ratings says the recent evidence…

Square Riding High - GPV 50%+ YOY & NFC/EMV Readers

Square Riding High – GPV 50%+ YOY & NFC/EMV Readers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Square posted a stunning first quarter (1Q/16) with revenue up 50%+ year-on-year (YOY), gross payment volume (GPV) up more than 45% and Starbucks volume up more than 34%. Part of the growth is also driven by contactless (NFC) and chip reader (EMV) sales which have reached nearly half a million at…

Green Dot Rebounds Nicely from 2015 MoneyPak Suspension

Green Dot Rebounds Nicely from 2015 MoneyPak Suspension

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CA-based prepaid card specialist Green Dot reported flat revenues and a weak profit for the first quarter (1Q/16). However, 1Q/16 was the first quarterly sequential growth in active cards in a year. Additionally, gross dollar volume (GDV) was up year-on-year (YOY) and purchase dollar volume was steady YOY for 1Q/16. Gross…

Western Union C2C Transactions +3% YOY; Mobile Hot

Western Union C2C Transactions +3% YOY; Mobile Hot

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union (WU) first quarter (1Q/16) GAAP revenues, on a currency adjusted basis (FX), declined 3.8% year-on-year (YOY), while GAAP net income slipped 8.9% YOY. WU consumer-to-consumer (C2C) GAAP revenues FX declined 4.8% YOY, while consumer-to-business (C2B) GAAP revenues FX declined 7.9% YOY WU reported total GAAP Revenues FX of $1355.1…

Despite Unfavorable Macro-Environment FLT 1Q Strong

Despite Unfavorable Macro-Environment FLT 1Q Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported first quarter (1Q/16) profits jumped 17% year-on-year (YOY) as domestic and international transactions also posted double-digit YOY gains in 1Q/16. FleetCor says its fundamentals were strong, organic revenue growth was approximately 9% in the…

GPN 1Q Steady Ahead of its Big 2Q Merger with HPS

GPN 1Q Steady Ahead of its Big 2Q Merger with HPS

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Global Payments (GPN) reported first calendar quarter (1Q/16) [fiscal third quarter] gross revenues grew 2.2% year-on-year (YOY), while net income rose 10.4% YOY. Revenues for North America increased 1.1% YOY. GPN is gearing up for its merger with Heartland Payments Systems (HPS) in the second quarter. GPN will acquire HPS…