V+M Intl GTX Running Strong Driven by Debit Products

V+M Intl GTX Running Strong Driven by Debit Products

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.9% year-on-year (YOY) in the fourth quarter (4Q/15). International GTX for credit cards increased 11.3% YOY while international GTX for debit cards soared 19.5% YOY in 4Q/15. 
In the fourth quarter gross international GTX for Visa and…

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Chase, BofA & Citi Facing Sequential Account Erosion

Chase, BofA & Citi Facing Sequential Account Erosion

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers edged down by 0.4% year-on-year (YOY) in the four quarter (4Q/15) quarter to 187.1 million, compared to 187.9 million one-year ago. 

The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and…

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Wincor Nixdorf Profits Surge as Diebold Deal on Track

Wincor Nixdorf Profits Surge as Diebold Deal on Track

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Germany’s Wincor Nixdorf reports a 48% year-on-year (YOY) surge in profits for the fourth calendar quarter (4Q/15). Revenues climbed 13.6% YOY in 4Q/15 or 12.0% when adjusted for local currency (FX). The proposed merger with U.S.-based Diebold continues on track. Revenues for 4Q/15 were €727 million, compared to €640 million for…

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FleetCor North American Transactions Rock-n-Rolling

FleetCor North American Transactions Rock-n-Rolling

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported total revenues increased 14.3% year-on-year (YOY) for the fourth quarter (4Q/15) as net income declined sharply by -51.8% YOY, due to two one-off expenses. North America transactions soared 57.7% YOY while international transactions declined…

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Big 6 Issuers Struggle with Stimulating Inactive Accounts

Big 6 Issuers Struggle with Stimulating Inactive Accounts

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, slipped 2.5% year-on-year (YOY) in the fourth quarter (4Q/15). Capital One was the only issuer to post a positive YOY AAC gain in 4Q/15. Citibank had the sharpest decline. There were 157.5 million active…

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Western Union Slips a Tad; U.S. Outbound Remains Strong

Western Union Slips a Tad; U.S. Outbound Remains Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union (WU) fourth quarter (4Q/15) GAAP revenues, on a currency adjusted basis (FX), declined 1.3% year-on-year (YOY), while GAAP net income slipped 4.2% YOY. WU consumer-to-consumer (C2C) GAAP revenues FX declined 1.7% YOY, while consumer-to-business (C2B) GAAP revenues FX declined 5.8% YOY WU reported total GAAP Revenues FX of $1453.9…

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BRIEFS – FAPS; WALTZ; MERCATOR; and MASTERCARD

In Other News: FAPS (ASTREX); WALTZ (investors); MERCATOR (report); and MASTERCARD (China). FAPS – First American Payment Systems and UL Transaction Security have partnered together to offer ASTREX, a real-time payments simulator, to reduce development time and streamline EMV validation for ISVs and VARs. Paired with First American’s semi-integrated EMV solution, the testing environment will…

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Seamless Revenues Up 39% YOY; Struggling with SEQR

Seamless Revenues Up 39% YOY; Struggling with SEQR

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Sweden-based Seamless posted fourth quarter (4Q/15) net revenue of SEK 78.9 million, an increase of 39.2% year-on-year (YOY). Net revenues for SEQR business division rose 7.3% YOY to SEK 2.05 million. The Seamless operating loss declined from SEK 50.8 million in 4Q/14 to SEK 32.8 million for 4Q/15. The SEQR operating…

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CARD Act Produces Unintended Consequences for Lower Scores

CARD Act Produces Unintended Consequences for Lower Scores

New research suggests risk-based pricing stemming from the CARD Act (2009) and Fed 2008 credit card rule-makings have produced a 50% drop in annual credit card originations to lower-risk-score Americans. The new study by a senior fellow and a research associate at the Harvard Kennedy School of Government’s Mossavar-Rahmani Center for Business and Government, also…

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MCPS Ankles New SVP/CIO & Opens New Ops Center

MCPS Ankles New SVP/CIO & Opens New Ops Center

TX-based Merchants’ Choice Payment Solutions (MCPS), a/k/a Delta Card Services has ankled Robin Laskowski for the position of Senior Vice President and Chief Information Officer. MCPS also announced the opening of their new 30,000 square foot operations center. Before joining Merchants’ Choice, Ms. Laswkowski held the position of Client Solutions Director & Sales for SmartDog…

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