Infinite Peripherals’ DPP-255 Mobile Printer Hits 5th Gear

Infinite Peripherals’ DPP-255 Mobile Printer Hits 5th Gear

Infinite Peripherals’ new DPP-255 mobile printer hits the market offering a high-speed receipt plus label printer. This MFi-certified compact unit has a print speed of 100mm/s, and supports iOS, Android and Windows. Among the fastest mobile printers in its class, the DPP-255 supports the iPad®, iPhone and iPod touch, along with devices running Android and…

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Diners Club GDV Still Sliding YOY; Improved 50bps in 4Q

Diners Club GDV Still Sliding YOY; Improved 50bps in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 2.5% year-on-year (YOY) in the fourth quarter (4Q/15) to $6.76 billion. The rate was down slightly from the third quarter’s 3.0% declined. Over the past five quarters Diners GDV ranged between $6.47 billion and $6.76 billion. After peaking at…

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V+M Intl Gross Accounts Up 9.7% Driven by Debit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international gross (open) payment card accounts (GAC) for the fourth quarter (4Q/15) grew 9.7% year-on-year (YOY). International credit GAC was up 3.5% YOY and international debit GAC soared 13.9% in 4Q/15. Totally Visa and MasterCard reported 2701 million payment card GACs for 4Q/15, compared to 2607 million for…

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Chase Becomes First U.S. Issuer to Top $1B in Q Profit

Chase Becomes First U.S. Issuer to Top $1B in Q Profit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits (after tax) among the nation’s top four bank credit card issuers rose 3.4% in the fourth quarter (4Q/15), compared to one year ago (YOY), but down 0.3% sequentially (QTQ). 
Aggregate card after tax profits for the top four issuers logged in at $2826 million for 4Q/15, compared to $2834 million…

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Avg AU Credit Card Balances Decline 1.7% in February

Avg AU Credit Card Balances Decline 1.7% in February

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.6% year-on-year (YOY) in February. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 2.9% YOY. The average balance per account in February declined 1.7% to AU$3166, compared to AU$3106 for January, and AU$3222 for February 2015.

Credit card…

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International CDV Continues to Spiral Downward

International CDV Continues to Spiral Downward

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international card cash dollar volume (CDV) for the fourth quarter (4Q/15) posted $720 billion, compared to $709 billion in 3Q/15 and $798 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless. On a currency adjusted (FX) basis, for 4Q/15, CDV for Visa international credit cards have…

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Perk Profits +51% & Rev +151%; Rolling Up Acquisitions

Perk Profits +51% & Rev +151%; Rolling Up Acquisitions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TX-based Perk.com reported total revenue increased by 155% year-on-year (YOY) to $17.7 million for the fourth quarter (4Q/15). Gross profit was $9.1 million, rising 51% YOY. The Perk.com fourth quarter was incredibly busy period. The Company partnered with NBC Universal to promote the launch of the Esquire Network’s first scripted series, which…

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GPN 1Q/16 Profits Up 10%+; HPS Merger This Quarter

GPN 1Q/16 Profits Up 10%+; HPS Merger This Quarter

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Global Payments (GPN) reported first calendar quarter (1Q/16) [fiscal third quarter] gross revenues grew 2.2% year-on-year (YOY), while net income rose 10.4% YOY. Revenues for North America increased 1.1% YOY. GPN is on track to close its merger with Heartland Payment Systems (HPS) during the second quarter. GPN will acquire…

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