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…

Alliance Data Profits is Skyrocketing Post 150%+ YOY Gains

Alliance Data Profits is Skyrocketing Post 150%+ YOY Gains

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Dallas-based Alliance Data Systems reported fourth quarter (4Q/15) revenue increased 16.9% year-on-year (YOY) to $1749 million. Net income skyrocketed 157% to $172 million for 4Q/15. For the fourth quarter Card Services revenue rose 20% to $785 million; Epsilon revenue increased 38% to $608 million; and LoyaltyOne revenue decreased 9% to $364 million,…

MoneyGram Turns the Corner to Positive TX Growth

MoneyGram Turns the Corner to Positive TX Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After repositioning its U.S. to U.S. business following the loss of the Walmart account MoneyGram continues to turn the corner in the fourth quarter (4Q/15). MoneyGram total revenues climbed 7.8% year-on-year (YOY) to $376.7 million. However, net income fell sharply by 75.2% YOY to $2.6 million. MoneyGram notes it posted double-digit…

Intl Debit Pushs Purchase Transactions 18% Higher

Intl Debit Pushs Purchase Transactions 18% Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International purchase transactions (PTX) for Visa and MasterCard credit and debit cards grew by 17.6% year-on-year (YOY) in the fourth quarter (4Q/15). International PTX for credit cards increased 11.9% YOY while international PTX for debit cards soared 27.4% YOY in 4Q/15. In the fourth quarter gross international payment card PTX for…

V+M Intl GTX Running Strong Driven by Debit Products

V+M Intl GTX Running Strong Driven by Debit Products

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.9% year-on-year (YOY) in the fourth quarter (4Q/15). International GTX for credit cards increased 11.3% YOY while international GTX for debit cards soared 19.5% YOY in 4Q/15. 
In the fourth quarter gross international GTX for Visa and…

Chase, BofA & Citi Facing Sequential Account Erosion

Chase, BofA & Citi Facing Sequential Account Erosion

[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 edged down by 0.4% year-on-year (YOY) in the four quarter (4Q/15) quarter to 187.1 million, compared to 187.9 million one-year ago. 

The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and…

FleetCor North American Transactions Rock-n-Rolling

FleetCor North American Transactions Rock-n-Rolling

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported total revenues increased 14.3% year-on-year (YOY) for the fourth quarter (4Q/15) as net income declined sharply by -51.8% YOY, due to two one-off expenses. North America transactions soared 57.7% YOY while international transactions declined…

Big 6 Issuers Struggle with Stimulating Inactive Accounts

Big 6 Issuers Struggle with Stimulating Inactive Accounts

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, slipped 2.5% year-on-year (YOY) in the fourth quarter (4Q/15). Capital One was the only issuer to post a positive YOY AAC gain in 4Q/15. Citibank had the sharpest decline. There were 157.5 million active…

Western Union Slips a Tad; U.S. Outbound Remains Strong

Western Union Slips a Tad; U.S. Outbound Remains Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union (WU) fourth quarter (4Q/15) GAAP revenues, on a currency adjusted basis (FX), declined 1.3% year-on-year (YOY), while GAAP net income slipped 4.2% YOY. WU consumer-to-consumer (C2C) GAAP revenues FX declined 1.7% YOY, while consumer-to-business (C2B) GAAP revenues FX declined 5.8% YOY WU reported total GAAP Revenues FX of $1453.9…