Sezzle to Get Some Sizzle at FinovateSpring Next Week

Sezzle to Get Some Sizzle at FinovateSpring Next Week

Sezzle’s bank-to-bank payments technology will breakthrough next week at the FinovateSpring 2016 event in San Jose. Sezzle’s technology allows for an alternative low-cost payment method at checkout – effectively halving the cost of traditional credit and debit card merchant processing – all via bank to bank payment technology. At checkout, Sezzle allows consumers to link…

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Synchrony Retail Cards Continue to Bulldoze Profits

Synchrony Retail Cards Continue to Bulldoze Profits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Synchrony Financial’s retail credit card business revenues posted a huge 14.7% year-on-year (YOY) gain for the first quarter (1Q/16) to $2.03 billion. During the quarter Synchrony renewed the Stein Mart and La-Z-Boy programs; signed a partnership with Marvel to offer Marvel MasterCard and co-promote Synchrony Bank’s deposit products; launched the Citgo…

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NetSpend Drives TSYS 1Q; TransFirst Will Drive 2Q

NetSpend Drives TSYS 1Q; TransFirst Will Drive 2Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based acquirer TSYS reported a solid first quarter (1Q/16) as total revenues hit $739 million, a jump of 11.7% year-on-year (YOY). Net income increased 16.6% YOY from $77.8 million in 1Q/15 to $90.6 million in 1Q/16. NetSpend continues to be a driving factor, up 19.3% YOY. Revenues for the North America…

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Despite -23% Fuel Prices WEX 1Q Rev +12% FX; TX +9%

Despite -23% Fuel Prices WEX 1Q Rev +12% FX; TX +9%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ME-based fuel card kingpin, WEX, reported first quarter (1Q/16) total revenue inched up 1.8% year-on-year (YOY), however net income rose 3.6% YOY in 1Q/16. Total revenue was $205.9 million for 1Q/16, compared to $212.6 million in 4Q/15, and $202.3 million for 1Q/15. WEX notes adjusting for constant currency (FX), fuel prices,…

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BRIEFS: BLUEFIN; 3DCART; SYNCHRONY; and SHOPIFY

In Other News: BLUEFIN (DSP); 3DCART (Vantiv); SYNCHRONY (Suzuki); and SHOPIFY (1Q). BLUEFIN -Bluefin Payment Systems will provide the Visa Data Secure Platform (DSP) through their Decryption as a Service P2PE Solution. 3DCART -Shopping cart software provider 3dcart has partnered with Vantiv, a provider of payment processing services and related technology solutions for merchants and…

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MasterCard Integrated Launched in A-P Region

MasterCard Integrated Launched in A-P Region

MasterCard rolls-out new platform to enhance processing capabilities across Asia Pacific’s payments ecosystem. The new MasterCard Integrated is the payments processing services platform that powers MasterCard Payment Transaction Services. MasterCard will now offer fully-integrated hosted processing services, supporting all payment brands.  This further expands the role of MasterCard during the payments process, extending beyond its…

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PayPal Rockin ’n Rollin - Profits +43% TPV +29% YOY

PayPal Rockin ’n Rollin – Profits +43% TPV +29% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayPal continues to rock ’n roll as profits soared 43% year-on-year (YOY) in the first quarter (1Q/16) driven by total payment volume (TPV) up 29% YOY. However, the transaction margin declined 380 basis points (bps) in the quarter, compared to 1Q/15. Transaction revenues for 1Q/16 increased 17% YOY to $2.24 billion,…

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New Report - EMV Testing and Certification for Acquirers

New Report – EMV Testing and Certification for Acquirers

Questions have been emerging from merchants and acquirers regarding the requirements for testing and certifying contact and contactless chip-enabled terminals. The EMV Migration Forum released a revised version of the white paper, “EMV Testing and Certification White Paper: Current Global Payment Network Requirements for the U.S. Acquiring Community,” to provide the most up-to-date requirements and…

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