PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After trailing off over the past four quarters Visa’s Central Europe – Middle East – Africa (CEMEA) region rebounded nicely in the first quarter (1Q/16). Purchase dollar volume (PDV) and purchase transactions (PTX) both soared well into double-digits year-on-year (YOY). The number of gross accounts (GAC) and cards-in-force (CIF) remained stable…

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MC Europe 1Q Cash Volume Soars 25% FX YOY; PDV Steady

MC Europe 1Q Cash Volume Soars 25% FX YOY; PDV Steady

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s European region remained solidly in double-digit year-on-year (YOY) gains for the first quarter (1Q/16). On a currency adjusted basis (FX) cash dollar volume (CDV) exploded more than 25% YOY and purchase transactions (PTX) topped 23% YOY in 1Q/16. Europe is MasterCard’s second largest international region based on GDV and MasterCard’s…

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Virtual Piggy Ankles John Coyne to Overhaul Business Models

Virtual Piggy Ankles John Coyne to Overhaul Business Models

Virtual Piggy has ankled a seasoned financial services and technology executive as its new CEO and Chairman. John Coyne took over the helm last month. He is focusing on simplifying and updating Virtual Piggy’s business models by leveraging its current infrastructure and enhancing its operating environment for mobile payments to enable more flexibility to meet rapidly changing…

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Briefs – FPC; Q2; RKL; and RCI

In Other News: FPC (FPC-BM); Q2 (CorePro); RKL (Sage/Concur); and RCI (award). FPC – Fingerprint Cards (FPC) has introduced an embedded biometric module solution, FPC-BM, in a compact form factor. FPC-BM brings FPC’s world-leading capacitive fingerprint technology into a wide range of new applications, including access control, industry and healthcare, automotive, and Internet of Things…

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Bango Gunning for Dominance in Carrier Billing for App Stores

Bango Gunning for Dominance in Carrier Billing for App Stores

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bango has gobbled up the BilltoMobile carrier billing service and associated contracts from Danal. The acquisition positions Bango as the leader in carrier billing in the U.S. market and consolidates its position as the world’s leading provider of carrier billing for app stores. As a result of the acquisition, Bango is…

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SuperCom Ankles Former PowaPOS & VeriFone Exec

SuperCom Ankles Former PowaPOS & VeriFone Exec

Herzliya, Israel-based SuperCom has ankled Zvi Mitlanski as its new VP of Secure Financial and Retail Solutions. Mr. Mitlanski brings with him over 20 years of executive management and business leadership experience across the payments, banking, retail, government and telecommunication sectors, with experience driving global business development, sales mmanagement, M&As, marketing and organizational development for international companies…

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U.S. EMV and NFC Propel Verifone Profits to Stratosphere

U.S. EMV and NFC Propel Verifone Profits to Stratosphere

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Driven by EMV and Apple Pay-related sales, Verifone reported first quarter (1Q/16) net income skyrocketed more than 70% year-on-year (YOY), with most of the growth coming from the North America segment. The recent InterCard and AJB Software Design acquisitions will likely lift 2Q/16. Verifone reported 1Q/16 gross revenue of $514 million,…

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ADS Operating on All Cylinders; Metrics Look Good for 2016

ADS Operating on All Cylinders; Metrics Look Good for 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Dallas-based Alliance Data Systems (ADS) reported a first quarter (1Q/16) year-on-year (YOY) surge in credit card outstandings, purchase dollar volume (PDV) and Card Services revenue. Overall revenue and income were pressured by currency exchange rates (FX). ADS reported gross revenue rose 4.7% YOY in 1Q/16 to $1676 million, compared to $1749…

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Seamless SEQR Cleared for Global Take-Off

Seamless SEQR Cleared for Global Take-Off

Stockholm-based Seamless has been granted authorization by Sweden’s financial supervisory authority, Finansinspektionen, to issue real-time electronic money. This means that SEQR users can send and receive money, worldwide, in real time. Under the terms of the authorization, SEQR can also be used by minors. Money received can be accessed instantly to make payments anywhere in…

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