Penalty Fees

Penalty Fees YOY 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After rising predictably YOY for most of the last decade, penalty fee income continued to slide dropping to $11.5 billion in 2015, compared to $11.7 billion and $12.0 billion According to the R.K. Hammer Card Penalty Fee Index, the lowest level since Index began. Despite the decline in penalty fees, total…

Holiday Spending

Holiday Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] More than a fifth of all holiday shopping is now occurring online, based on transaction data from 1.3 million U.S. merchant locations. First Data’s Holiday 2015 SpendTrend Report revealed retail sales are up 3.3% for the full holiday season. The sales growth was a marginal increase over 2014’s year-over-year growth of…

MasterCard Bands

Coin and MasterCard Wearables

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Coin and MasterCard and partnered to bring payments to a wide array of fitness bands, smart watches and other wearable devices. Atlas Wearables, which designs advanced fitness trackers, Moov, a personal fitness coach on your wrist, and Omate, maker of fashionable smartwatches, are the first set of companies working with MasterCard…

Blackhawk Acquisitions

Blackhawk Acquisitions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Blackhawk Network has acquired GiftCards.com, which sells digital and physical prepaid gift card solutions to consumers through a high-trafficked gift card U.S. website, and OmniCard, which sells customized prepaid incentive and reward solutions for business clients. The deal is valued at $120 million. GiftCards.com offers differentiating features, including its GiftLocal product…

US Debit Cards

US Debit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research shows young adults and high-income earners are shifting away from debit card use. The latest Insight Summary Report from Mercator Advisory Group’s CustomerMonitor Survey Series reveals usage by both demographic segments declined to a seven-year low in 2015, 52% of households earning $100,000 or more a year and 56%…

NAB CIO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MI-based credit card processor North American Bancard has ankled Jim Parkinson as chief information officer. In his new position, Parkinson will be responsible for the company’s IT operations, including IT engineering, PMO and the IT products and strategy teams. Parkinson comes to NAB with extensive experience with digital projects and strategies,…

Special Mentions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FREEDOMPAY – FreedomPay has launched of Pay-At-Table solution with PCI Validated Point-to-Point Encryption (PCI P2PE). Available on Ingenico Group’s iWL 258 wireless smart terminal and powered by FreedomPay’s payment gateway, the Pay-At-Table solution is a fully integrated solution with the point of sale at the merchant’s location. In 2016, FreedomPay will…