Wirecard reports consolidated revenues grew by 29.3% in the nine months ending September 30. Sales revenues increased in the nine month period 2015 by 27.5% to EUR 541.0 million.
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.
The nearly two year old VantageScore 3.0 is gathering more blowback from U.S. consumers. Social media and the creditkarma website, have been overflowing with consumer complaints of credit scores dropping 60-80 points since the introduction of 3.0.
Accenture has launched a new Mobile Wallet platform that features integrated advanced analytics and big data capabilities, recommendation tools and security elements to provide a robust, modular platform for a trusted digital payments ecosystem that Accenture clients can operate for enhanced customer services.
ElectraCard Services (ECS) electronic payments solutions made available prepackaged, functionally rich, high performance payment switch. The integrated solution meets the needs of financial institutions, local Independent Service Organizations (ISO), retailers and merchant processors and enables them to more quickly adapt to innovation in their markets. ECS ‘Payment in a Box’ bundles HP Integrity NonStop servers and electraSWITCH iTx series to deliver high reliability, extreme scalability and superior price performance. The integrated solution is based on the newly introduced HP Integrity NonStop NS2100 server, allowing customers who require a mission-critical application environment to extend the reliability of NonStop fundamentals at a lower price point.
EMV/smart payment card volumes increase with Latin America a particular migration hot spot in 2012, the U.S.’s impending move to EMV, and China’s migration to its PBOC 2.0 standard. Collectively these regions shipped in excess of 330 million smart payment cards in 2011, forecast to increase to over 1.5 billion in 2017. The U.S. now looks certain to migrate, although no official nationwide mandate has been set, mandates in liability shift from Visa, MasterCard, Amex, and Discover all support the adoption of EMV. Financial institutions in the region have been quick to react with approximately 19 to date committing to EMV migration. Forecasted payment card data is split into smart and mag-stripe applications with further granularity supplied for smart cards with all data broken down by product and technology type.
InfoVista launched its “Vista360 2.0” award-winning self-service performance management Web 2.0 application. Giving flexible and simplified management of operational and customer reporting for service providers and enterprises, the “Vista360” update lets users in network and IT service operations centers pinpoint, analyze and collaborate in real time on network performance and service quality degradation, gain a high-level perspective of network utilization and return on investment, and improve operational troubleshooting on the entire service chain. Vista360 2.0 promotes collaboration both inside and outside of the NOC by enabling one-click sharing of any dashboard as well as access to the underlying performance information through external web-based applications.
Telefónica O2 Germany broadband and mobile services and BOKU online mobile payments have forged their direct carrier billing relationship, allowing O2 customers to use BOKU’s payment platform to purchase virtual and digital goods ranging from EUR.09 to EUR30.00 by entering their mobile number. This will charge the purchase directly to their mobile phone carrier bill. This new partnership integrates the BOKU mobile payments platform into O2 Germany’s operator billing interface, offering support for one-off and subscription payments in Germany; full pricing granularity from .09 Euros to 30.00 Euros; authorization and capture APIs with refund support; In-App Billing support; and Web Billing support.
Smart card identity and security ID leaders at the federal, state and local levels gathered at the Smart Card Alliance 9th Annual Smart Cards in Government Conference in Washington, D.C. to share status updates and lessons learned for projects underway. Main points touched on include the emerging National Strategy for Trusted Identity in Cyberspace (NSTIC), putting Personal Identity Verification (PIV) credentials to work for physical and logical access and identity management in healthcare. The NSTIC document will be ready for President Obama’s signature this winter to take advantage of the work done on the PIV and PIV-I (PIV-Interoperable) standards, which underlie the two-factor authentication credentials already widely used by the federal government and increasingly adopted by states and commercial organizations. With more than 75 percent of federal employees and contractors now carrying a smart card-based PIV credential, the focus is shifting to putting those cards to use for physical and logical access control. Through education programs, market research, advocacy, industry relations and open forums, the Smart Card Alliance keeps its members connected to industry leaders and innovative thought.
VA-based comScore Networks says it reported fourth quarter online growth of 23.2% growth and this was virtually identical to the Department of Commerce’s estimate of 23.4% overall growth for the same period. In 2005, Apparel & Accessories ranked as the fastest growing category, with a 41% increase versus the previous year. Other rapidly growing categories included Computer Software (up 37%), Toys & Hobbies (up 35%), Home & Garden (up 33%) and Jewelry & Watches (up 31%). comScore Networks taps into a global cross-section of more than 2 million consumers who have given comScore explicit permission to confidentially capture their browsing and transaction behavior, including online and offline purchasing.
STMicroelectronics released “Page Flash,” a high performance flash memory technology that will in the future, remove the need for EEPROM in high memory density smart card chips. A smart card technology demonstrator is being used to validate the concept.
Premiums paid on credit card portfolios settled in a 17.3% for the second quarter, a slight increase from the first quarter’s 17.05%, but significantly below 2Q/01’s 19.8% average premium. The softer premiums are attributable to poorer credit quality, granularity of the transactions, and the overall flight to quality. Thousand Oaks, CA-based R. K. Hammer reports that $9.4 billion in credit card assets traded hands during the past three months compared to $9.2 billion sold in the same period one year ago. The average cost-per-acquired-account hit $158 in 2Q/02, compared to $157 in 1Q/02, and $204 in 2Q/01. Hammer says the average earnings-multiple premium for the second quarter was 4.3x compared to 4.5x during 2001.
PORTFOLIO SALES STATS
2Q/02 1Q/02 2Q/01
$ DEALS $9.4b $9.4b $9.2b
PREM 17.3% 17.05% 19.8%
ACCT COST $158 $157 $204
EARN MULTIPLE 4.3x 4.3x 4.5x
BUYER ROA 4.10% 4.10% 4.00%
BUYER ROE 27.5% 22.1% 20.5%
Source: R.K. Hammer Investment Bankers