Consumers Globally Expect More Loyalty Rewards from Banks

Consumers Globally Expect More Loyalty Rewards from Banks

A new global survey finds the ability to understand and use banking products is growing in importance worldwide, and consumers continue to expect more in terms of loyalty rewards than banks are providing. The FIS 2016 Performance Against Customer Expectations (PACE) Index also reveals expectations for aspirational support – consumers’ primary financial institution helping guide…

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Visa Outpaces MC in LAC PDV; MC Outpaces Visa in LAC GAC

Visa Outpaces MC in LAC PDV; MC Outpaces Visa in LAC GAC

Purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region has been rising steadily for Visa, while MasterCard has been gradually declining, over the past five quarters. However, for the first quarter (1Q/16) LAC card issuance for MasterCard is rising by double-digits year-on-year (YOY), while Visa’s LAC card base is relatively…

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MC’s New Simplify Controls Targets SME e-Pay Fraud

MC’s New Simplify Controls Targets SME e-Pay Fraud

MasterCard is adding a new tool for small- and medium-sized (SME) businesses to control, prevent and monitor e-commerce transactions in real time. The solution, a complement to payments platform Simplify Commerce, helps businesses maximize online sales by letting legitimate orders through and keeping fraudulent transactions out. With a mobile app and desktop dashboard, merchants can…

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Briefs: FINCA; TRUSONA; 3SCALE; and PRECISE

In Other News: FINCA (First Access); TRUSONA (insurance); 3SCALE (Adyen); and PRECISE (OT). FINCA – FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world. The partnership…

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COF International Credit Cards Yield and Margin Soar

COF International Credit Cards Yield and Margin Soar

Capital One’s (COF) international (U.K.) credit card average yield and interest margin soared quarter-to-quarter (QTQ), and year-on-year (YOY) in the first quarter (1Q/16). However, other COF international credit card portfolio metrics soften and headed south for the quarter, particularly delinquency and charge-offs. COF gross revenues for the international card business edged up 10.1% YOY in…

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Briefs: BLUESNAP; NCR; PROGREXION; and TSYS

In Other News: BLUESNAP (merchants); NCR (Bankia Spain); PROGREXION (FICO); and TSYS (Featurespace). BLUESNAP – BlueSnap released the Cleanse Report to help merchants analyze their sales traffic and develop an action plan to optimize their sales funnel. So much effort goes into converting shoppers into buyers – advertising, marketing, website and checkout page localization, payments…

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WorldPay Inks OTA Uvet Nordic for Online Payments

WorldPay Inks OTA Uvet Nordic for Online Payments

Sweden’s Uvet Nordic has inked Worldpay as its exclusive online payments provider. The company currently operates in 12 European countries, with brands Flightfinder, Airfinder, Farefinder, FlyUvet, Doodle, Travelstore, and Flygpoolen.  Worldpay’s insight into customer data and local spending habits will help inform Uvet Nordic’s global strategy, enabling the company to tailor its service to the…

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