USAT Reaches 1Q Inflection Point But Profits Allude

USAT Reaches 1Q Inflection Point But Profits Allude

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies (USAT), the king of unattended self-serve small-ticket payments (vending), has reached an inflection point. For the first quarter (1Q/16) revenues soared 32% year-on-year (YOY) and transaction volume spiked nearly 55% YOY. USAT posted $20.4 million in first quarter gross revenue, up a stunning 32.5% YOY, compared to $18.5 million…

Business Cards Drive AXP Intl Card Growth; LACC Stressed

Business Cards Drive AXP Intl Card Growth; LACC Stressed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The American Express (AXP) International Consumer and Network Services (ICNS) unit posted nominal year-on-year (YOY) declines in revenue and income for the first quarter (1Q/16), but on a currency adjusted basis (FX), gross dollar volume (GDV) rose 100 basis points (bps), quarter-to-quarter (QTQ) and YOY, driven by international business card volume,…

CPI Sees Lower EMV Shipments; 1Q Impressive But Mixed

CPI Sees Lower EMV Shipments; 1Q Impressive But Mixed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] EMV (chip cards) continue to drive CPI Card Group (CPI) top line performance, with shipments up 66% year-on-year (YOY) and up 6.6% quarter-to-quarter (QTQ) to 41.4 million, but the company expected better. Meanwhile, CPI’s prepaid business reported a 29% decline in revenue and a 49% slide in profits in the first…

Analytics Services to Drive Global M-Payments 36% CAGR

Analytics Services to Drive Global M-Payments 36% CAGR

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new report projects the global mobile payments market will grow at a CAGR of 36.26% by 2020. Asia-Pacific will lead the way forward. NOVONOUS says the industry is emerging as one of the most diverse, competitive and technologically complex market in the recent years. Currently the Global Mobile Payments market…

Digital Money the Emerging Driver for MoneyGram

Digital Money the Emerging Driver for MoneyGram

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram continues to recover from the loss of the Walmart account and posted a strong first quarter (1Q/16). Digital money transfer transactions increased 23% year-on-year (YOY) and digital money transfer revenue grew 31% YOY. MoneyGram 1Q/16 gross revenues climbed 8.4% year-on-year (YOY) to $358.4 million, compared to $376.7 million for 4Q/15…

Strong US EMV Sales Push Gemalto Payments Business North

Strong US EMV Sales Push Gemalto Payments Business North

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gemalto’s Payment business grew by +23% in 2015. The Americas posted the largest growth, with revenue almost doubling compared to previous year on strong sales of EMV payment cards and rapid expansion of issuance services in the U.S.  ARTICLE: Gemalto’s Payment business grew by +23% in 2015. The Americas posted the…

MasterCard Inks Big Partner Deal in Asia Pacific with Priority B2B

MasterCard Inks Big Partner Deal in Asia Pacific with Priority B2B

MasterCard has inked a new partnership in Asia Pacific with Priority B2B, targeting issuing banks to grow and deepen their commercial payment portfolios. The three goals of the deal is to: • Providing expertise on commercial payment systems – allowing the issuer’s customers to better understand commercial payment solutions and the relevance to their business…