TSYS Revenues Surge 13%; TransFirst Deal Underway

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based acquirer TSYS reported a solid fourth quarter (4Q/15) as total revenues hit $719 million, a jump of 13.2% year-on-year (YOY). Net income increased 3.6% YOY from $79.9 million in 4Q/14 to $82.8 million in 4Q/15. Revenues for the North America Services segment increased 17.1% YOY to $350 million for 4Q/15,…

USAT Takes Self-Service Transactions to a New Level

USAT Takes Self-Service Transactions to a New Level

The king of integrated cashless and mobile transactions in the U.S. self-service retail market has launched its most progressive solution to date. USA Technologies unveiled ePort Interactive, one of the industry’s most advanced cloud-based interactive media and content delivery management systems, enabling delivery of nutritional information, remote refunds, loyalty programs, and robust, multimedia-marketing campaigns for…

COF Intl Profits Up 3.2% but Charge-Offs Explode QTQ

COF Intl Profits Up 3.2% but Charge-Offs Explode QTQ

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One’s (COF) international (mostly U.K.) credit card purchase dollar volume (PDV) soared 24.5% year-on-year (YOY) not currency adjusted (FX), while net income increased 3.2% YOY in the fourth quarter (4Q/15). Outstandings, not FX, were flat YOY in 4Q/15 at $8.2 billion, but up 2.5% quarter-to-quarter (QTQ). For 4Q/15, COF reported…

GAC 2015 Bitsy Growth Thanks to Cap One & AmEx

GAC 2015 Bitsy Growth Thanks to Cap One & AmEx

[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 Big 6 U.S issuers edged up 0.4% year-on-year (YOY) in the fourth quarter (4Q/15) to 270.7 million, compared to 272.0  million in the prior quarter, and 269.7 million one-year ago.  
The growth is driven by Capital One and American Express…

CARDFLIGHT; CHARGEBACKS911; CONFORMANCE; and WORLDREMIT.

In Other News: CARDFLIGHT (Miura); CHARGEBACKS911 (Target); CONFORMANCE (products); and WORLDREMIT (AU). CARDFLIGHT – CardFlight, a mobile point of sale (POS) technology provider, and Miura Systems, the global leading provider of innovative secure electronic payment hardware, are announcing a partnership to offer a new mPOS solution in the United States market via CardFlight’s mobile POS…

Marvel’s Super Heroes Fans Get Empowered

Marvel’s Super Heroes Fans Get Empowered

Synchrony Financial has been on a product roll-out binge with the latest: the Marvel MasterCard with cashback rewards. Qualifying cardholders earn 3% cashback for purchases made on select entertainment, dining, and online at marvel.com and Marvel’s official merchandise booths. Cardholders can also earn 1% cashback rewards on all other Marvel MasterCard purchases1. All cashback rewards…

CMS; CA; VANCO; and GREEN DOT.

In Other News: CMS (investors); CA (Nationwide); VANCO (ACS); and GREEN DOT (Board). CMS – A group of investors including GCP Capital Partners, Western Heritage Capital, and Performance Equity Management have acquired a significant stake in Complete Merchant Solutions, a provider of merchant acquisition services, credit card/debit card transaction processing services, and payment solutions. Terms…

U.S. Credit CIF Up 1.7% YOY Driven By COF & AXP

U.S. Credit CIF Up 1.7% YOY Driven By COF & AXP

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Big 6 issuers were up 1.7% year-on-year (YOY) at the end of the fourth quarter, up 5.9 million cards to 354.3 million cards.  
Capital One posted the largest gain, followed by American Express and Discover. The other three showed flat growth or a contraction in…

WEX Fleet SmartHub Mobile App Offers Real-Time Control

WEX Fleet SmartHub Mobile App Offers Real-Time Control

Corporate payment solutions provider, WEX, has introduced a new mobile app enabling business managers access to their account information anytime and anywhere. Fleet SmartHub also helps improve efficiencies, reduce late fees, gain valuable insights and control unauthorized driver spending. The first-of-its-kind mobile app, SmartHub provides convenient, real-time access to features that allow fleet managers the…

Infinite Peripherals’ DPP-255 Mobile Printer Hits 5th Gear

Infinite Peripherals’ DPP-255 Mobile Printer Hits 5th Gear

Infinite Peripherals’ new DPP-255 mobile printer hits the market offering a high-speed receipt plus label printer. This MFi-certified compact unit has a print speed of 100mm/s, and supports iOS, Android and Windows. Among the fastest mobile printers in its class, the DPP-255 supports the iPad®, iPhone and iPod touch, along with devices running Android and…

Diners Club GDV Still Sliding YOY; Improved 50bps in 4Q

Diners Club GDV Still Sliding YOY; Improved 50bps in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 2.5% year-on-year (YOY) in the fourth quarter (4Q/15) to $6.76 billion. The rate was down slightly from the third quarter’s 3.0% declined. Over the past five quarters Diners GDV ranged between $6.47 billion and $6.76 billion. After peaking at…

V+M Intl Gross Accounts Up 9.7% Driven by Debit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international gross (open) payment card accounts (GAC) for the fourth quarter (4Q/15) grew 9.7% year-on-year (YOY). International credit GAC was up 3.5% YOY and international debit GAC soared 13.9% in 4Q/15. Totally Visa and MasterCard reported 2701 million payment card GACs for 4Q/15, compared to 2607 million for…