Wells Fargo Wallet for Android to Hit the U.S. Market

Wells Fargo Wallet for Android to Hit the U.S. Market

Wells Fargo Wallet is integrating into the existing Wells Fargo mobile app experience for Android users, this summer. Wells Fargo Wallet quickly and conveniently adds eligible Wells Fargo debit and credit cards so customers may easily make purchases by tapping an Android phone at millions of NFC-enabled payment terminals worldwide. For more seamless money management,…

Fitbit Eyeing NFC Payments After Gobbling Up Coin

Fitbit Eyeing NFC Payments After Gobbling Up Coin

The popular connected health and fitness market specialist, Fitbit, has inked a deal to acquire the wearable payment assets of startup Coin. The deal includes key personnel and intellectual property specific to Coin’s wearables payment platform. While there are no plans to integrate Coin’s wearable payments technology into the 2016 Fitbit product roadmap, the acquisition…

Consumers Globally Expect More Loyalty Rewards from Banks

Consumers Globally Expect More Loyalty Rewards from Banks

A new global survey finds the ability to understand and use banking products is growing in importance worldwide, and consumers continue to expect more in terms of loyalty rewards than banks are providing. The FIS 2016 Performance Against Customer Expectations (PACE) Index also reveals expectations for aspirational support – consumers’ primary financial institution helping guide…

Australians Zipped Up Wallets in March as CC Usage Falls

Australians Zipped Up Wallets in March as CC Usage Falls

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) posted a dismal decline of 0.5% year-on-year (YOY) in March. Purchase dollar volume (PDV) decreased 0.5% YOY and cash dollar volume (CDV) was flat YOY in March. GDV rose in March to AU$26.3 billion, compared to a revised AU$26.1 billion in the prior month…

MC’s New Simplify Controls Targets SME e-Pay Fraud

MC’s New Simplify Controls Targets SME e-Pay Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard is adding a new tool for small- and medium-sized (SME) businesses to control, prevent and monitor e-commerce transactions in real time. The solution, a complement to payments platform Simplify Commerce, helps businesses maximize online sales by letting legitimate orders through and keeping fraudulent transactions out. With a mobile app and…

COF International Credit Cards Yield and Margin Soar

COF International Credit Cards Yield and Margin Soar

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One’s (COF) international (U.K.) credit card average yield and interest margin soared quarter-to-quarter (QTQ), and year-on-year (YOY) in the first quarter (1Q/16). However, other COF international credit card portfolio metrics soften and headed south for the quarter, particularly delinquency and charge-offs. COF gross revenues for the international card business edged…

Germany’s Wincor Nixdorf Reported its First Quarter

Germany’s Wincor Nixdorf Reported its First Quarter

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Germany’s Wincor Nixdorf reported its first quarter (1Q/16) net income more than quadrupled year-on-year (YOY) driven by strong growth in the Americas region. Retail revenue YOY growth was in double-digits for 1Q/16 while banking revenue went south. The proposed merger with U.S.-based Diebold continues on track. Wincor Nixdorf reported first quarter…

VISA APMEA Logs Double-Digits in 1Q

VISA APMEA Logs Double-Digits in 1Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Outside the U.S., Visa’s Asia Pacific (AP) region remains the second strongest of the four international regions as purchase dollar volume (PDV) is up 15% year-on-year (YOY) and purchase transactions rose 16% YOY in the first quarter (1Q/16). Visa also posted double-digit YOY growth in accounts (GAC) and cards-in-force (CIF). Visa’s…

Equinox Payments and PayJunction Unveil Smart Terminal

Equinox Payments and PayJunction Unveil Smart Terminal

Equinox Payments and PayJunction, the premier provider of payment gateway and merchant services, have launched PayJunction’s Smart Terminal, a semi-­integrated solution that connects PayJunction’s cloud-based REST API with the Equinox L5200 terminal to seamlessly process in-­person payments. Together, Equinox and PayJunction have eliminated the lengthy and painstaking process of EMV Level 3 certification. Free to…

CardFlight Certified by Global Payments & Taking Off

CardFlight Certified by Global Payments & Taking Off

M-POS provider CardFlight reports more than half of merchants using its suite of mobile solutions are actively accepting EMV “chip card” transactions. Additionally, CardFlight has been certified by Global Payments to accept EMV chip card payments. This will enable merchants who process payments through Global Payments to accept EMV payments when using CardFlight’s software and…