BRIEFS: TNS; MONERIS; I3; and NFG

In Other News: TNS (Bluefin); MONERIS (talech); I3 (acquisitions); and NFG (EMV). TNS – Transaction Network Services is partnering with Bluefin Payment Systems to provide Bluefin’s Decryptx PCI-validated Point-to-Point Encryption (P2PE) solution within its Managed POS Encryption suite. MONERIS – Moneris Solutions and talech have formed a strategic partnership and referral agreement. As part of…

Samsung Corrals POS Manufacturers to Take mPay to Next Level

Samsung Corrals POS Manufacturers to Take mPay to Next Level

Samsung has inked partnerships with the top point-of-sale (POS) manufacturers, including Verifone, Ingenico, First Data Clover, PAX Technology, Equinox, ID TECH, MagTek, USA ePay and OTI Global. Samsung wants to accelerate mobile payment adoption by ensuring the best possible user experience at merchants’ POS systems during checkout. Samsung Pay is the only contactless payment solution…

WEX Fleet Solutions Payment Processing TX +7.1% YOY

WEX Fleet Solutions Payment Processing TX +7.1% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ME-based fuel card kingpin, WEX, reported fourth quarter (4Q/15) total revenue inched up 0.3% year-on-year (YOY), while net income dropped by -54.7% YOY in 4Q/15. Total revenue was $212.6 million for 4Q/15, compared to $226.1 million in 3Q/15, and $211.9 million for 4Q/14. Net income was $21.4 million for 4Q/15, compared…

Nets to Launch Contactless Mobile Dankort with JCB’s J/Speedy in Denmark

Nets to Launch Contactless Mobile Dankort with JCB’s J/Speedy in Denmark

JCB has inked a partnership agreement which allows Nets to use J/Speedy, JCB’s contactless technology, for Dankort payments with smart phones in Denmark. When Nets launches Dankort on the mobile in autumn 2016 it will thus be based on an international, well-proven technology from JCB, an international payments scheme originating from Japan. JCB has many…

EPXPay & Ingenico Offers Highly Secure EMV Pay at the Table Solution

EPXPay & Ingenico Offers Highly Secure EMV Pay at the Table Solution

Electronic Payment Exchange (EPX) has become one of the first processors to support Ingenico Group’s IWL228 and iWL258 wireless smart terminals with EPXPay Wi-Fi. EPXPay Wi-Fi will provide both SMBs and large merchants alike with a flexible, low-cost, versatile payment experience. Using EPXPay Wi-Fi enables a merchant, whether it’s a small business location using it…

U.S. Credit Card Gross TX Outpace Debit by 90bps

U.S. Credit Card Gross TX Outpace Debit by 90bps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 10.7% year-on-year (YOY) in the fourth quarter (4Q/15). U.S. GTX for credit cards jumped 11.3% YOY while U.S. GTX for debit cards increased 10.4% YOY in 4Q/15. Visa’s U.S. GTX for credit cards rose 11.0% YOY as…

Big 6 U.S. Credit Card Profits Rise 8.5% YOY Topping $4.1B

Big 6 U.S. Credit Card Profits Rise 8.5% YOY Topping $4.1B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits (after tax) among the nation’s Big 6 U.S. credit card issuers jumped 8.5% in the fourth quarter (4Q/15), compared to one year ago (YOY) but, declined 2.7% sequentially (QTQ). Aggregate card after tax profits for the Big 6 issuers logged in at $4125 million for 4Q/15, compared to $4240 million…

Citi’s Asia and LAC Card Portfolio Metrics Remain Solid

Citi’s Asia and LAC Card Portfolio Metrics Remain Solid

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s international credit card portfolio continued to contract in the fourth quarter (4Q/15). The number of open or gross accounts (GAC) declined 100,000 in the Latin America region (LAC) and by 200,00 in Asia. 
On a non-currency adjusted basis, Citibank LAC purchase dollar volume (PDV) declined to $6.7 billion from $7.6…

Transactis Snags $30MM Funding From Five Banks

Transactis Snags $30MM Funding From Five Banks

Transactis, a provider of electronic billing and payment solutions, has snagged $30 million in investment from Capital One, Fifth Third, PNC, TD, Wells Fargo and Safeguard Scientifics. Inclusive of this funding, Transactis has raised $70 million to-date. Transactis’ investors include Capital One, ff Venture Capital, Fifth Third Bank, MacAndrews & Forbes, Metamorphic Ventures, PNC, Safeguard…