COF Still Smokin and Aiming for #2; CO Up & Margins Down

COF Still Smokin and Aiming for #2; CO Up & Margins Down

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Among the biggest bank credit card issuers in the U.S., Capital One (COF) continues to lead the way in every metric, except charge-offs. Based on its current trajectory, COF will likely surpass Bank of America (BofA) as the nation’s second largest issuer. COF posted double digit year-on-year (YOY) gains in outstandings…

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Diners Club to Get e-Supercharged via Computop

Diners Club to Get e-Supercharged via Computop

Discover’s Diners Club International has inked a deal with Germany’s Computop to increase e-commerce acceptance for Discover, Diners Club and Alliance Partner cards. This agreement is part of Discover Global Network’s ongoing effort to increase global acceptance, both online and in-store, through partnerships with leading payment service providers. By working with Computop, all cards running…

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China’s UnionPay Issues its First U.S. Credit Card

China’s UnionPay Issues its First U.S. Credit Card

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UnionPay International and Industrial and Commercial Bank of China US (ICBC US) have issued the first UnionPay credit card in New York. It’s both the first UnionPay credit card issued in the US market and the first credit card issued by a Chinese commercial bank in the US. UnionPay and ICBC…

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BRIEFS – PURPLE DECK; BOEING; DIGITAL RIVER; and ANYWHERE

In Other News: PURPLE DECK (NFC); BOEING (Citi); DIGITAL RIVER (awards); and ANYWHERE (EMV). PURPLE DECK – Purple Deck Media has joined the NFC Forum. Recently, the company has adopted the N-Mark to further improve the recognition and acceptance of NFC’s wireless interaction between consumer technology, mobile devices, personal computers, and NFC compatible tags. Purple…

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Visa Global Volume Growth Robust - PDV & PTX 12%+ YOY

MC Posts Double Digit Games in All Metrics, Except Profits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard continued to plow along in the first quarter (1Q/16) posting double-digit year-on-year (YOY) gains in all metrics, with the exception of net income. On a currency adjusted basis (FX), MasterCard’s global gross dollar volume (GDV) increased 13.2% YOY, purchase dollar volume (PDV) was up 12.2% YOY and cash dollar volume…

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US Bank Reports Explosive Consumer Credit Card GDV

US Bank Reports Explosive Consumer Credit Card GDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bank (USB)’s Payment Services division reports explosive year-on-year (YOY) growth in consumer credit card gross dollar volume (GDV), as well as a substantial YOY gain in credit card outstandings (OUT) for the first quarter (1Q/16). Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate, government and…

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Rumors: MasterCard in Final Stages of a Vocalink Acquisition

Rumors: MasterCard in Final Stages of a Vocalink Acquisition

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Rumors continue to swirl in regard to a deal for MasterCard to acquire the Vocalink, the UK operator of the Faster Payments service for approximately £1 billion (US$1.13 billion). The British press, including Sky News, says 13 banks which are shareholders in Vocalink have approved a period of exclusivity within which…

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