U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers were flat year-on-year (YOY) in the first quarter (1Q/16) to 190.0 million, compared to 189.9 million one-year ago. The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face YOY…

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers edged up by a mere 1.9% year-on-year (YOY) at the end of the first quarter (1Q/16) to an estimated 236.1 million cards, compared to 232.9 million in 4Q/15, and 231.6 million for 1Q/15. Capital One blew the other three top issuers away…

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 9.0% year-on-year (YOY) in 1Q/16 reaching a record $1401 billion.   Visa led the way in the first quarter posting a 10.0% YOY gain for U.S. GDV. Visa reported first quarter GDV…

Other News: FISERV; CHECKALT; SAFETYPAY; and CARDX

In Other News: FISERV (Notifi); CHECKALT (Klik); SAFETYPAY (growth); and CARDX (Paychex). FISERV – Fiserv has launched a platform for the delivery of real-time alerts, enabling financial institutions to meet growing expectations among consumers and small businesses for information that is timely and actionable. Notifi from Fiserv consolidates information from across a financial institution’s systems…

Other News: NRHA; EXADIGM; WELLS; and CARDFELLOW

In Other News: NRHA (PAI); EXADIGM (certification); WELLS (P2P); and CARDFELLOW (Square). NRHA – The North American Retail Hardware Association (NRHA) and Payment Alliance International (PAI) have formed a partnership to provide independent home improvement retailers with new credit card processing and payment services opportunities. A leader in electronic payment processing solutions, PAI currently serves over…

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…