BAMS; WU; EVERCOMPLIANT; and BLACKHAWK

In Other News: BAMS (Europe); WU (EDGE); EVERCOMPLIANT (MerchantView); and BLACKHAWK (acquisition). BAMS – Banc of America Merchant Services is expanding to Europe and create a new London-headquartered unit, BofA Merrill Lynch Merchant Services (Europe) Limited (BofAML Merchant Services). WU – Western Union Business Solutions is launching WU EDGE, its ground-breaking digital platform which will…

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the top four bank card issuers, rose an estimated 8.6% year-on-year (YOY) and 4.7% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice the other three top issuers. The top four U.S. issuers racked up an estimated $322.5 billon in GDV for…

Credit Card Yield Remains Solid Despite Wobbly Metrics

Credit Card Yield Remains Solid Despite Wobbly Metrics

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average yield among the nations’s top six bank credit card issuers came in at 11.30% for the fourth quarter (4Q/15), compared to 11.26% in the prior quarter, and 11.12% for 4Q/14. Capital One (COF), the nation’s fastest growing major credit card issuer, again posted the highest yields, besting the average…

MasterCard International Debit Consistently Exploding

MasterCard International Debit Consistently Exploding

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international payment card (credit + debit) purchase dollar volume (PDV) for the fourth quarter (4Q/15) posted US$1151 billion. Visa and MasterCard international credit card PDV for 4Q/15 posted US$887 billion. Visa and MasterCard international debit card PDV for 4Q/15 posted US$264 billion. On a currency adjusted (FX) basis,…

International Debit Cards Drive Global Card Growth

International Debit Cards Drive Global Card Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global payment cards-in force (CIF) [credit + debit] grew by 5.8% year-on-year (YOY) in the fourth quarter (4Q/15) to 4225 million. The growth has been largely driven by Visa and MasterCard’s international “inclusion” drive with debit (& prepaid) cards.
 Visa and MasterCard U.S. credit CIF rose 8.7% YOY from 485 million…

MasterCard Ankles New President of U.S. Issuers.

MasterCard Ankles New President of U.S. Issuers.

MasterCard has ankled Raj Seshadri as president, U.S. Issuers. Most recently, Seshadri was a managing director at Blackrock, leading the company’s iShares U.S. retail ETF business. At MasterCard, she will be responsible for managing and expanding the company’s partnerships with banks and credit unions across the U.S. market. Earlier in her career, Seshadri held roles…

Consumers - Not Just Merchants & FIs - Suffer From CNP Fraud

Consumers – Not Just Merchants & FIs – Suffer From CNP Fraud

While not widely discussed, CNP credit and debit card fraud creates cardholder anxiety and negatively affects consumers’ online shopping behaviors, much to the detriment of FIs and e-commerce merchants. A new study from Tender Armor, in partnership with Sparks Research, also found 78% of online shoppers want more protection for their payment card data when…

CPI; PROPAY; NAB; and SIONIC

In Other News: CPI (ICMA); PROPAY (Samsung Pay); NAB (exec); and SIONIC (ION). CPI – CPI Card Group, a global specialist in financial and EMV chip card production and related services, announced 24 employees have recently passed the International Card Manufacturers Association’s (ICMA) Advanced Card Education Manufacturing (ACE-M) accreditation and/or the Advanced Card Education Personalization…

7 Early Warning Red Flags for Card Investors & Issuers

7 Early Warning Red Flags for Card Investors & Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While credit card investors have access to issuer financial statements, regulatory filings, conference calls, and annual reports, there are many red flags not apparent, masking potential risk. Robert Hammer, Founder and CEO at R.K. Hammer & Card Knowledge Factor, ticks off the seven early warning signs to look for in any…

Visa and MasterCard X-Border Volume Continues to Soften

Visa and MasterCard X-Border Volume Continues to Soften

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cross-border transaction volume for Visa and MasterCard continued to slide in the fourth quarter (4Q/15). Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 4.0% YOY, while MasterCard rose 12.3% YOY for FX GDV in the fourth quarter. Cross-border volume refers to payments and cash volume where the issuing country…