Special Breaking News Mentions in CardFlash February 5, 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlash.com Breaking News: ADS (Boscov’s); GOLDMONEY (funding); WU (Viber); and NACHA (board). ADS – Alliance Data Systems says its Columbus, Ohio-based card services business, has signed a new long-term agreement to provide private label credit card services Boscov’s. Based in Reading, Pennsylvania, Boscov’s is the largest family-owned department store chain in the…

MUFG Americas Ankles New CIO & Ops Officer

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MUFG has ankled Christopher Perretta as Chief Information & Operations Officer for MUFG Americas Holdings and its U.S. banking subsidiary, MUFG Union Bank, effective April 1st. Perretta will also serve on the company’s Executive Committee for the Americas as a policy making officer. He will be based in New York and…

Metal/Carbon/24K Cards Enter the Market

Metal/Carbon/24K Cards Enter the Market

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] WY-based Luxury Card has launched three new metal credit card products with patented designs and construction: the top-tier MasterCard Gold Card, the mid-level MasterCard Black Card and the base-level MasterCard Titanium Card. Luxury Card is the only credit card program in the world to offer a complete suite of metal and carbon…

VCN + Visa Net Poised to Kick Butt

VCN + Visa Net Poised to Kick Butt

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has launched Visa Commerce Network, a new way for merchants to create online and in-app commerce experiences to acquire new customers, drive loyalty and increase sales with relevant offers. Visa Commerce Network is built on the world’s largest electronic payment network, VisaNet, and can be easily utilized by merchants through…

Identity Fraud Victims Reverses Course Finally

Identity Fraud Victims Reverses Course Finally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The number of identity fraud victims increased by three percent (13.1 million consumers) in the U.S. last year, but that the amount stolen decreased by 6% to $15 billion. The 2016 Identity Fraud Study by Javelin Strategy & Research found that the rise of EMV has already had a significant impact…

BlueSnap’s Checkout Conversion Calculator Rocks

BlueSnap’s Checkout Conversion Calculator Rocks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] BlueSnap is launching The Checkout Conversion Calculator to help retailers identify the points of friction that create a loss of sales. eCommerce now accounts for as much as 10 percent of all retail sales, but merchants are putting as much as 42% of their online sales at risk by making it…

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Levvel Acquires Big Specialist in API management

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Levvel has acquired RCBJ Consulting, a big specialist in API management, security, and performance tuning. RCBJ’s team has joined the Levvel west coast operations. Levvel is an IT consulting firm that combines the innovative DNA of a start up with the wisdom, scalability, and process rigor of a Fortune 100 company.…

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U.S. ID Fraud Victims a Mixed Bag in 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The number of identity fraud victims increased by three percent (13.1 million consumers) in the U.S. last year, but that the amount stolen decreased by six percent to $15 billion. The annual 2016 Identity Fraud Study by Javelin also found the rise of EMV has already had a significant impact on…

Alexander N.M. Niejelow

MC Ankles Niejelow as SVP/Public Policy

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard has ankled Alexander N.M. Niejelow as a senior vice president of public policy, effective February 8th. In this role, he will drive policy efforts in the areas of cybersecurity and global data management, while also leading the company’s industry partnerships on technology policy issues. In these efforts, Niejelow will work with members…

Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlash.com Breaking News: NXT-ID (Fatone); VISA (Singapore); USAT (award); and ACI (AAC). NEXT-ID – Wocket smart wallet has inked a new video featuring singer, dancer, actor and television personality, Joey Fatone. The new video ad was filmed at the Consumer Electronics Show.The video is part of a new 2016 social media campaign…

Cap One US Card Profits Up 5.5%; Metrics Weakening

Cap One US Card Profits Up 5.5%; Metrics Weakening

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 13% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 18% surge in Purchase Dollar Volume (PDV) for the fourth quarter as other metrics are concerning. As the most U.S. inclusive…

Wells Fargo Card Portfolio Up but Charge-Offs Higher

Wells Fargo Card Portfolio Up but Charge-Offs Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wells Fargo credit card third quarter outstandings were up 15.3% year-on-year (YOY) to $34.0 billion reflecting new account growth and growth in private label and co-brand outstandings. Purchase Dollar Volume (PDV) grew 12% YOY in 4Q/15. For the Fourth quarter, Wells posted $18.9 billion in PDV, compared to $18.3 billion in…