The nation’s largest commercial card issuer and #5 V/M issuer overall, posted an 8.2% year-on-year (YOY) increase in purchase dollar volume (PDV) in the fourth quarter (Q4/14). U.S. Bank (USB) revenues were relatively flat for its card and corporate payments business but strong growth in merchant processing drove net (after tax) income up 25% YOY, according to CardData.
The nation’s Top 100 Visa and MasterCard credit card (consumer and business) issuers held a 96% share of U.S. Cards-in-Force (CIF) at End-of-Year (EOY) 2014. The Top 10 captured a 60% share, while the Top 50 logged an 84% share, according to CardData.
The nation’s fastest growing Visa and MasterCard major issuer, and the #1 near-prime/sub-prime issuer continues to plow along with solid growth in purchase dollar volume (PDV) and growth in credit card outstandings. RAM Research projects Capital One (COF) will deliver $50.9 billion in PDV and $72.4 billion in outstandings for the first quarter.
Verifone and Heartland Payment Systems have reignited their strategic alliance to launch key initiatives aimed at providing merchants with enhanced security and EMV-ready payment processing.
e-Nabler and Handpoint have buddied to bring EMV enabled turnkey tablet and handheld-based POS solutions to merchants nationwide. The
companies say their new tablet-based POS systems are making the switch affordable and attractive for merchants of all sizes.
Move over large retailers, Verifone Point is now available to small-and-medium-sized businesses (SMBs) in the U.S. through Verifone’s network of Independent Sales Organization (ISO) and acquirer partners. Until now Verifone Point was exclusively offered to big merchants by direct sale.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features George S. Mayes, Jr., Executive Vice President and Chief Operating Officer of Diebold.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Citi Double Cash Card.
After closing on its acquisition of Fuze Network on February 19 and assimilating all Fuze employees, Ingo Money is more than ready for primetime and fully expects a substantial extension of its platform nationwide.
CardWeb.com’s CardConferences today features the TRANSACT 2015 event, March 31 – April 2 at the Moscone Center in San Francisco, California. This is major payments event and starts tomorrow.
In today’s CardFlash News Que: PIVOTAL (Hire Heroes); VELCRO PAY (Insider’s Guide); MOBILEND (Acculynk); and Crane Payment (SCR).
JetPay Payment Services has ankled Paul Compton as Executive Vice President and National Sales Manager for JetPay Payments. The Company is a top provider of debit and credit card processing, payroll/HR/TLM and prepaid card services.