CardFlash News Briefs: CFSI (study); XPRESSBUY (Visa); ACI (TransferWise); and INTELLICHECK (deal).
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.
New research shows U.S. retailers customer service mistakes made with Cyber Monday online shoppers could lead to significant in-store sales losses in the 2015 holiday gift-buying season.
One of the key challenges presently facing the mobile payments market is the high level of market fragmentation, defined both by the multiplicity of platforms/solutions technologies being deployed and the increasing range of service configurations being offered. This slows down merchant acceptance and makes it difficult for providers to gain scale. We expect the market to reach a point where consolidation among players and solutions becomes the best way to drive address this issue.
edo Interactive and Rewards Network inked a multi-year partnership to market Rewards Network’s 11,000 participating restaurants to over 40 million cardholders in edo’s Prewards network.
The CardLinx Association announced their latest collaboration forum on September 22nd in the Seattle area. This forum will focus on the increasingly important role of data in digital commerce.
ThreatMetrix has named Armen Najarian as chief marketing officer. Najarian joins with more than 15 years of B2B and technology marketing experience, primarily with cloud-based software and data-driven solutions for the enterprise.
Experian Marketing Services unveiled a new, more predictive and addressable Experian Marketing Suite. The advancements includes new addressable advertising and predictive intelligence tools both powered by Experian’s consumer database, the largest consumer database worldwide, with modeled insights covering 700 million individuals in 270 households.
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%.
Entrust Datacard has introduced Datacard Adaptive Issuance Remote Monitoring and Management Software, the first-ever intelligent command center that enables banks and credit unions to easily manage their entire fleet of in-branch instant card issuance devices from a single web-based dashboard.
The recent introduction of Samsung Pay and Android Pay as well as India and soon to be announced Brazil mobile payments is having a profound impact on mobile payments forecasts. CardData now expects global m-commerce will soar from $390 billion this year to $1071 billion in 2020.
Global mobile commerce is set to explode more than three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $320 billion this year to $995 billion in 2020.