Visa + MC Intl Q1 GAC +8% YOY — A/P Region Most Robust

Visa and Mastercard international gross (open) payment card accounts (GAC) for the first quarter (1Q/17) grew an adjusted 7.5% year-on-year (YOY). International credit GAC was up 14.5% YOY and international debit GAC soared 33.2% in 1Q/17, both unadjusted, according to CardData. Visa began including Visa Europe in its operational performance reports as of 3Q/16. Visa…

Details

V+MA+AXP+DFS Global Card Q1 Card P/L Screwy & Skewy at Best

Profits for the top four networks were all over the map year-on-year (YOY) in the first quarter (1Q/17). The network peer group net income declined 29.9% YOY for 1Q/17, driven by huge declines posted by Visa and American Express, according to CardData. Since 1Q/16 Visa folded in the Visa Europe portfolio and began reporting operational…

Details

Mastercard to Take-Over UK TSB Visa Debit Cards in 2018

Mastercard has inked a major deal with Britian’s TSB to issue Mastercard debit cards to all the Bank’s current account customers in 2018 as part of a 7 year deal. TSB will continue to issue Mastercard credit cards over the same term. The agreement means that together the two organizations will partner to offer additional…

Details

Discover & Capital One Emerge as Leaders in Mobile Apps for Cards & Banking

When it comes to mobile apps Capital One ranked highest in the retail bank category while Discover ranked highest in overall satisfaction in the credit card category. According to the “J.D. Power 2017 U.S. Banking App and U.S. Credit Card App Satisfaction Studies”: • Ease of use/navigation is the most heavily weighted driver of satisfaction among…

Details

Soaring Online Fraud Impacts Company’s Revenue, Loyalty, and Reputation

Six out of 10 survey respondents (including 55% with a CFO title) had seen both the number and dollar amount of credit card chargebacks increase since the introduction of EMV chip cards. Furthermore, 64% of those surveyed (including 62% of CFO-titled respondents) measured increases in both the number and dollar amount of credit card chargebacks…

Details

Fraud and Risk Scoring Tool Melds With Artificial Intelligence Machine Learning

A new machine learning fraud score helps prevent fraud while reducing false-positives and improving customer experience. TSYS has teamed with Featurespace to launch TSYS Foresight Score with Featurespace. Foresight Score is a fraud and risk scoring tool that allows software to learn over time without being explicitly programmed — to bolster an issuer’s ability to…

Details

GasBuddy App Brings 65MM Downloads to Fleet Card King WEX for B2B2C Payments

GasBuddy, the only smartphone app connecting 65 million drivers with their Perfect Pit Stop, as buddied with corporate payment solutions provider, WEX. The partnership will focus on innovations that bring added convenience and savings to the more than 200 million driving consumers in the United States that fill up at retail gasoline stations, and represents…

Details