Chase 1Q/16 Mixed Bag: PDV-OUT-DEL-OUT-Attrition Up

Chase 1Q/16 Mixed Bag: PDV-OUT-DEL-OUT-Attrition Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After a credit card bruising in 2015, Chase, the nation’s largest bank credit card issuer, rebounded in the first quarter (1Q/16) as outstandings (OUT) and purchase dollar volume (PDV) entered positive territory. However, delinquency (DEL) and charge-offs (CO) edged upward both Year-On-Year (YOY) and sequentially (QTQ). Furthermore, the account base remains…

Details
GRT to Educate EU Merchants on Chargeback Reason Codes

GRT to Educate EU Merchants on Chargeback Reason Codes

Global Risk Technologies’ (GRT) Chargebacks911 business is waging an educational campaign to enlighten merchants in understanding and using reason codes in the light of newly released fraud statistics. The figures from Financial Fraud Action UK reveal that financial fraud losses grew by 26% in 2015. The research further highlights the growth in payment card fraud,…

Details

BRIEFS – FINPAY; STARMOUNT; PERFORMLINE; and ULTRA

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: FINPAY (conference); STARMOUNT (Aurus); PERFORMLINE (MMSP); and ULTRA (Bitcoin). FINPAY – FinPay has been selected to present at the 2016 Angel Venture Fair as one of America’s top startups. As the oldest angel venture conference in the Mid-Atlantic region, the Angel Venture Fair is the annual consortium of…

Details
Gemalto Secures China UnionPay’s New Wearables

Gemalto Secures China UnionPay’s New Wearables

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gemalto has provided a secure element based applet for smart wearables launched by China UnionPay (CUP). Smart wearable devices are gaining popularity globally, with total shipments expected to surpass 200 million in 2019. CUP had launched smart wearables with embedded secure elements based payment applications last year. The payment applet runs…

Details
Heartland Stockholders Approve GPN Merger

Heartland Stockholders Approve GPN Merger

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems (HPY) stockholders overwhelmingly voted to approve the proposed merger with Global Payments (GPN). About 29.7 million shares were voted in favor of the merger proposal. The favorable vote represents approximately 99% of the total Heartland shares which voted on the merger proposal and 80% of the total outstanding…

Details
Global mCard Reader Market to Hit US$29B Revenue by 2020

Global mCard Reader Market to Hit US$29B Revenue by 2020

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The global mobile card reader market expected to explode over the next few years. The latest estimate is nearly $30 billion by 2020. According to the Global Mobile Card Reader Market for 2016-2020 from UK-based Technavio, to calculate the market size, the report considers revenue generated from the shipment of card…

Details
Wirecard Issues First Visa Prepaid Cards in Singapore

Wirecard Issues First Visa Prepaid Cards in Singapore

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wirecard Singapore has been approved as a Principal Member of Visa as the first non-Financial Institution members in Singapore. This move is a continuation of Wirecard’s strategic partnership with Visa Inc. in Asia Pacific to enable easier access to prepaid card issuing for parties across the ecosystem, following the acquisition of…

Details
Jia Liu

CSI globalVCard Enters the China Payment Market

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bonita Springs, FL-based CSI globalVCard has ankled Jia Liu to lead the company’s expansion into China. She will officially serve as Vice President of International Payments. Earlier this year, CSI announced its cross-border payments offering, which completed the award-winning ‘total AP’ platform, globalVCard paysystems. With one file upload, business payments can…

Details
Top 3 Emerging Trends for U.S. EMV POS Terminal Market

Top 3 Emerging Trends for U.S. EMV POS Terminal Market

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new market research study identifies the following three emerging trends expected to propel the growth of the EVM POS terminal market in the US: shift toward cloud-based solutions; big data management; and need for effective information management. The Technavio “EMV (Europay, MasterCard and Visa) POS terminal market in the US”…

Details

BRIEFS – WISEKEY; ACORNS; PAI; and NOW

WISEKEY – Swiss-based WISeKey announced its trusted technology for integrating wearable technology with secure authentication and identification, in both physical and virtual environments, by empowering IoT and wearable devices to become secure transactional devices. WISeKey has patented this process in the USA as it is currently used by many IoT providers. ACORNS – Investing app,…

Details
e-Payments Drive Consumer Consumption & Creates Jobs

e-Payments Drive Consumer Consumption & Creates Jobs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The increased use of electronic payment products, including credit, debit and prepaid cards, added US$296B to GDP, while raising household consumption of goods and services by an average of 0.18% per year. The 2016 study conducted by Moody’s Analytics for found the equivalent to 2.6 million new jobs were created on…

Details