Despite, the lowest levels of delinquencies and net charge-offs, US credit card asset quality are expected to weaken modestly in 2016. The slowdown in asset quality improvement does not signal material credit deterioration over the near to intermediate term, but portfolio seasoning and recent growth will also weigh more heavily on credit quality metrics in 2016.
USA Technologies (USAT) reported total third quarter revenue of $16.6 million, a year-over-year increase of 35%. During the quarter USAT plugged in 349,000 connections to ePort service, a year-over-year increase of 26%.
Companhia Brasileira De Servicos De Marketing, operator of Brazil’s dotz loyalty program, in which Alliance Data System’s LoyaltyOne holds a sizeable equity stake, has expanded into the metropolitan area of Rio de Janeiro, with a population of 6.3 million and the second-largest city in Brazil.
CA-based prepaid card specialist Green Dot reported financial reported consolidated GAAP and non-GAAP total operating revenues of $146.4 million and $146.5 million, respectively, following the major loss of MoneyPak. Green Dot generated net cash from operations of $114 million year to date.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Gross Dollar Volume (GDV) FX-adjusted picked up in the third quarter to a year-on-year (YOY) gain of 9.3%, compared to 7.3% in the prior quarter and 11.0% in the year ago quarter.
U.S. Bank (USB), one of the nation’s largest commercial card issuers, posted a paltry 0.6% gain in year-on-year (YOY) outstandings and a weak 3.2% gain in consumer and commercial purchase dollar volume (PDV) for the third quarter.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Gross Dollar Volume (GDV) FX-adjusted is expected to rebound in the third quarter with year-on-year (YOY) gain of 9.9%, according to RAM Research.
VS CEMEA GDV hit the brakes in the second quarter with a YOY gain of 7.1%, compared to 12.4% in the prior quarter and 12.8% in the year ago quarter, according to CardData.
PA-based USA Technologies reported record total revenue of $17.6 million for Q2/15, a year-over-year increase of 57%. Also, record license and transaction fee revenue of $11.9 million, a year-over-year increase of 26%
Verifone achieved record North America net revenues for the third consecutive quarter driven by security needs and EMV migration, and increased demand for Petroleum, Media, and our Payment as a Service offerings.
New research confirms the in-store experience is important in all major purchase decisions, with an overwhelming majority of shoppers buying in person. At the same time, shoppers continue to carefully research major purchases of $500 or more, including financing options.
Gzhou-based Alibaba reported second quarter GMV grew to US$109 billion, a year-on-year increase of US$28 billion or 34.6% year-on-year (YOY).
Mobile GMV reached US$60 billion, an increase of 125% year-over-year, and accounted for 55% of total GMV transacted in its China retail marketplaces.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Gross Dollar Volume (GDV) FX-adjusted hit the brakes in the second quarter to a year-on-year (YOY) gain of 7.1%, compared to 12.4% in the prior quarter and 12.8% in the year ago quarter.