Visa Checkout Gets Awesome with Virtual Card Images

Visa Checkout Gets Awesome with Virtual Card Images

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has taken its Visa Checkout to a new higher level allowing shoppers to complete their online purchase by sliding a virtual image of their credit, debit or prepaid card across the screen of a smartphone, tablet or laptop. The dynamic, new interactive button brings an engaging new way to pay…

Other: NEXONIA; JACK HENRY; PAYPAL; and DIGITAL CHECK.

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: NEXONIA (Amadeus); JACK HENRY (TCH); PAYPAL (Village Capital); and DIGITAL CHECK (SecureLink). NEXONIA – Nexonia, a provider of web and mobile business financial management solutions, announced a partnership with Amadeus, provider of advanced technology solutions for the global travel industry. The new partnership signals the advanced integration of…

Big 6 4Q Outstandings Flat; Driven by AXP; Offset by COF

Big 6 4Q Outstandings Flat; Driven by AXP; Offset by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers decreased 0.3% in the fourth quarter year-on-year (YOY) to $485.5 billion. The decline was driven by American Express and offset by Capital One. American Express U.S. EOP credit card outstandings nosedived 17.9% to $51.4 billion, compared to $62.1 billion in…

All Top 4 Issuers Post Increases in 30+ Delinquency

All Top 4 Issuers Post Increases in 30+ Delinquency

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average early stage delinquency (30+ days) for the fourth quarter (4Q/15), among the nation’s top four issuers, edged up by 6 basis points (bps) sequentially, but dropped year-on-year (YOY) by 3 bps. All of the top issuers posted higher delinquency for the quarter. The nation’s largest issuer, Chase, reported delinquency increased…

V+M 4Q Global Purchase Transactions Up 14%

V+M 4Q Global Purchase Transactions Up 14%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 14.3% year-on-year (YOY) in the fourth quarter (4Q/15) and 6.5% sequentially.  The two networks combined processed 40.8 billion purchase transactions in 4Q/15, compared to 35.7 billion one-year ago. Visa posted a 13.3% YOY gain in…

4Q U.S. Credit Card PDV Among Big 6 Issuers Up 6% YOY

4Q U.S. Credit Card PDV Among Big 6 Issuers Up 6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 6.1% year-on-year (YOY) and 4.4% sequentially in the fourth quarter. Capital One completely blew out the Big 6 pack by a 3-to-1 margin.

 he Big 6 U.S. issuers racked up $520.6 billon in PDV…

Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers dropped 10 basis points (bps) year-on-year (YOY) to 2.87%, and up 19 bps sequentially for the fourth quarter (4Q/15). Soaring Capital One losses drove the sequential gain for the peer group. The Chase 4Q/15 charge-offs ratio inched up by 1 bps from 3Q/15…

BILL.COM Tops 1 MM Members & Set to Launch a Dashboard

BILL.COM Tops 1 MM Members & Set to Launch a Dashboard

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Bill.com Network is reaching critical mass, surpassing the 1 million member mark and $25 billion in annual transactions. Through the Network, Bill.com connects businesses and banks in the cloud, enabling faster and lower-cost payments and improved collaboration to bring digital business payments into the 21st century. With more than 1…

BofA & US Bank Offer Real-Time P2P via clearXchange

BofA & US Bank Offer Real-Time P2P via clearXchange

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bank of America and U.S. Bank are now live and actively processing real-time person-to-person (P2P) transactions through Early Warning’s clearXchange network. Customers at both banks are now able to send eligible real-time P2P payments to customers at either bank, with funds made available for use. The solution is unique in its…

Payment Cards Drive Economic Growth Globally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new study has found the increased use of electronic payment products, including credit, debit and prepaid cards, added $296B to GDP, while raising household consumption of goods and services by an average of 0.18% per year. The Visa 2016 study of 70 countries, conducted by Moody’s Analytics, also found real…

Payment Cards Drive Economic Growth Globally

Payment Cards Drive Economic Growth Globally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new study has found the increased use of electronic payment products, including credit, debit and prepaid cards, added $296B to GDP, while raising household consumption of goods and services by an average of 0.18% per year. The Visa 2016 study of 70 countries, conducted by Moody’s Analytics, also found real…

Other: USAT; SWIPELY; NEXONIA; HEARTLAND

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Other News: USAT (Rawls); SWIPELY (Upserve); NEXONIA (Amadeus); and HEARTLAND (Best 401k). USAT – USA Technologies has added Rawls Distributing Company, a Canteen franchise, to its growing list of ePort Connect customers committing to a fully connected operation. SWIPELY – Data analytics company Swipely, which manages over 11 million meals per…