ADS 3Q/15
Dallas-based Alliance Data Systems reported third quarter revenue increased 20.5% year-on-year (YOY) to $1589 million. However, net income for 3Q/15 declined 20.9%to $130.4 million.
Affinity/Cobrand Cards
A new report suggests co-branded credit cards last year generated 31% of general purpose credit card purchase volume, or $809 billion among Visa, MasterCard, Discover and American Express branded credit and charge cards. Roughly 43% of U.S. adult consumers own at least one co-branded or affinity credit card.
ADS Q2/15
Dallas-based Alliance Data Systems reported second quarter revenue increased 19% year-on-year (YOY). Card Services rose 27%, Epsilon revenue increased 39%, while LoyaltyOne revenue decreased 15%.
Creditomatic Outlook
Credomatic’s credit card businesses and banking operations in the Central American countries, with the exception of Panama, CIC is positioned to have one of the strongest financial franchises in the region. The group is a leader in the credit card business, while having a dominant market share in the acquiring and issuing businesses.
PayPal + Xoom
PayPal is picking up Xoom for $890 million. Xoom is a specialist in international remittances enabling customers in the US to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way, using their mobile phones, tablets or computers.
RK Hammer & CUs
With its 25th consecutive year of service to organization issuing credit cards, R.K. Hammer and its research and analysis division, Card Knowledge Factory, are expanding a series of best practice offerings to credit unions who desire to grow their card operations, and enhance card member experience.
SafeCharge + 3V
London-based SafeCharge has acquired 3V Transaction Services for €14.5 million. 3V will become the foundation of SafeCharge’s card issuing activities through its new Issuing Division.
PULSE InSights
Discover’s ATM network, PULSE, has launched a consulting service to help financial institutions analyze and improve performance in key areas of their retail banking business in an increasingly competitive marketplace.
BIM Cross-Sell
Balance transfer fees may soon gain traction in the Australian market with new legislation affecting the allocation of credit card repayments. This will affect the profitability of balance transfer offers in Australia, thus pressuring the introduction of balance transfer fees.
Cross-Selling
A new white paper explores how financial institutions can leverage the mobile channel as a sales platform. However, a mobile sales strategy demands the right tools, technologies and insights.
Wincor Nixdorf Equips POS with Intel Haswell processors
Wincor Nixdorf has further developed its modular POS line using cutting-edge technologies with the new BEETLE /M-III is equipped with Intel’s fourth generation of Core processors (Haswell technology). Through the processors’ performance, coupled with high-speed main memory modules, users can clearly feel just how powerful the overall system actually is. Wincor Nixdorf is the first POS vendor to use Intel’s Haswell technology in its modular systems. Various processors covering a wide performance range allow the system to be adapted to the changing requirements in the retail industry. Despite their higher performance, the processors consume less power than those of the previous generation. In developing its POS systems, Wincor Nixdorf has for years leveraged every technical possibility for minimizing power consumption. In the case of the BEETLE /M-III, this includes newly developed power supply units that have a constant energy efficiency of at least 87 percent and comply with the stringent 80 PLUS Gold environmental initiative.
ZNAP Unveils NFC Payment App
ZNAP™ announced today that the New York Sound City conference and music festival on March 17th in Williamsburg, Brooklyn will be the first U.S. event to feature ZNAP™’s NFC (near field communication) payment technology. During the event, ZNAP™ will unveil its NFC features to attendees, who will be the first consumers to test its tap-and-pay capabilities. In addition to facilitating mobile transactions, the ZNAP™ app enables consumers to manage loyalty points, rewards programs, coupons and special offers using their mobile devices. Promoters can activate capabilities designed specifically for festivals and live events.