flexReceipts Picks Up Investment from Synchrony

flexReceipts Picks Up Investment from Synchrony

Synchrony Financial is pumping money into flexReceipts, a provider of enriched digital receipts, data analytics and customer engagement solutions. Through its e-receipts functionality, flexReceipts provides retailers with SKU-level data and analytics on transactions, enabling the delivery of customized engagement offers based on behavioral insights. The investment was made through Synchrony Financial’s Strategic Investments Group, which…

Visa and MC Hit the One Billion Payment Card Accounts Milestone

Visa and MC Hit the One Billion Payment Card Accounts Milestone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard U.S. gross (open) payment card accounts (GAC) for the first quarter (1Q/16) grew 7.1% year-on-year (YOY). U.S. credit GAC was up 7.4% YOY and U.S. debit GAC increased 6.9% YOY in 1Q/16. For the first time Visa and MasterCard set the one billion U.S. payment card accounts milestone.…

CUs Embrace Card Management Services for Digital Banking

CUs Embrace Card Management Services for Digital Banking

NCR’s Digital Insight and PSCU have added new credit card management capabilities enabling consumers to access credit card accounts alongside checking and savings accounts in online and mobile banking applications. Known as Card Management Services for Digital Banking, the new service will give consumers a fast and easy way to manage their credit card accounts…

Top 4 U.S.  issuers credit card outstandings 1Q/2016

Top 4 U.S.  issuers credit card outstandings 1Q/2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained 4.0% in the first quarter (1Q/16) year-on-year (YOY) to $362.0 billion.  The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer, based on outstandings, by end-of-year (EOY) 2016. BofA, the current second…

Major 4 Networks PDV Growing Double Digits YOY Driven by V&M

Major 4 Networks PDV Growing Double Digits YOY Driven by V&M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for the Major 4 networks (Visa, MasterCard, American Express and Discover) cards (credit + debit) in the U.S. climbed 9.0% year-on-year (YOY) in 1Q/16 hitting $1209 billion.  Visa led the way in the first quarter posting a 10.5% YOY gain for U.S. PDV. The Major 4 collectively…

SYNCHRONY; PAYZER; NERDWALLET; and CASHBET

In Other News: SYNCHRONY (agreement); PAYZER (Nexstar); NERDWALLET (aboutLife); and CASHBET (partnerships). SYNCHRONY – Synchrony Financial and Vaughan Bassett Furniture Company, a leading American manufacturer of sustainable home furnishings, inked a multi-year extension of its consumer financing program agreement. The program, which began in 2010, will continue to provide customers with access to a range…

Most Consumers Favor Biometrics Over Passwords

Most Consumers Favor Biometrics Over Passwords

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new survey reveals 52% of customers would rather use biometrics as an alternative. With consumers having to log into multiple online accounts on a daily basis, remembering passwords can be a tricky proposition. According to the latest edition of the PYMNTS.com Digital Identity Tracker, 80% of survey respondents with an…

Visa Adds 50 bps to its Gross Dollar Volume Marketshare

Visa Adds 50 bps to its Gross Dollar Volume Marketshare

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The nation’s four major payment card networks produced $1401 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/16) for a 9.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.2% in 1Q/15 to 58.7% in 1Q/16, largely at the expense of…

V+M+A+D U.S. Credit Card Gross Accounts +6% YOY

V+M+A+D U.S. Credit Card Gross Accounts +6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. gross accounts (GAC) in the first quarter (1Q/16) for Visa, MasterCard, American Express and Discover U.S. credit cards was up 6.1% year-on-year (YOY). At the end of 1Q/16, there were 504.4 million U.S. credit GAC compared to 498.5 million for 4Q/15, and 475.0 million for 1Q/15. Visa U.S. credit…

Visa + MasterCard Purchase Dollar Volume Up a Robust 10.4%

Visa + MasterCard Purchase Dollar Volume Up a Robust 10.4%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) for Visa and MasterCard payment cards (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 10.4% YOY. U.S. Visa and MasterCard reported payment card PDV of $1010 billion for 1Q/16, compared to $1032 billion in the prior quarter, and $915…