International Debit Cards Drive Global Card Growth

International Debit Cards Drive Global Card Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global payment cards-in force (CIF) [credit + debit] grew by 5.8% year-on-year (YOY) in the fourth quarter (4Q/15) to 4225 million. The growth has been largely driven by Visa and MasterCard’s international “inclusion” drive with debit (& prepaid) cards.
 Visa and MasterCard U.S. credit CIF rose 8.7% YOY from 485 million…

Details
Tangerine Money-Back Rewards MasterCard to Rock Canada

Tangerine Money-Back Rewards MasterCard to Rock Canada

Tangerine, an independent, wholly-owned subsidiary of Scotiabank, is taking its new Money-Back MasterCard Credit Card to the national level in Canada. The new card offers 4% Money-Back Rewards for the first three months in two categories of choice and 1% Money-Back Rewards on all other purchases, with no annual fee. Tangerine’s Money-Back categories include restaurants,…

Details
MasterCard Ankles New President of U.S. Issuers.

MasterCard Ankles New President of U.S. Issuers.

MasterCard has ankled Raj Seshadri as president, U.S. Issuers. Most recently, Seshadri was a managing director at Blackrock, leading the company’s iShares U.S. retail ETF business. At MasterCard, she will be responsible for managing and expanding the company’s partnerships with banks and credit unions across the U.S. market. Earlier in her career, Seshadri held roles…

Details
Consumers - Not Just Merchants & FIs - Suffer From CNP Fraud

Consumers – Not Just Merchants & FIs – Suffer From CNP Fraud

While not widely discussed, CNP credit and debit card fraud creates cardholder anxiety and negatively affects consumers’ online shopping behaviors, much to the detriment of FIs and e-commerce merchants. A new study from Tender Armor, in partnership with Sparks Research, also found 78% of online shoppers want more protection for their payment card data when…

Details

CPI; PROPAY; NAB; and SIONIC

In Other News: CPI (ICMA); PROPAY (Samsung Pay); NAB (exec); and SIONIC (ION). CPI – CPI Card Group, a global specialist in financial and EMV chip card production and related services, announced 24 employees have recently passed the International Card Manufacturers Association’s (ICMA) Advanced Card Education Manufacturing (ACE-M) accreditation and/or the Advanced Card Education Personalization…

Details
7 Early Warning Red Flags for Card Investors & Issuers

7 Early Warning Red Flags for Card Investors & Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While credit card investors have access to issuer financial statements, regulatory filings, conference calls, and annual reports, there are many red flags not apparent, masking potential risk. Robert Hammer, Founder and CEO at R.K. Hammer & Card Knowledge Factor, ticks off the seven early warning signs to look for in any…

Details
US Credit Card GDV Leads Debit Card GDV by 50 bps

US Credit Card GDV Leads Debit Card GDV by 50 bps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) for Visa and MasterCard (credit + debit) in the third quarter (4Q/15) grew at an annual rate (YOY) of 8.7%. Visa U.S. payment card (credit + debit) GDV for 4Q/15 was up 8.9%. MasterCard U.S. payment card (credit + debit) GDV for 4Q/15 was up 8.4%.…

Details
US Network Gross Credit Card Accounts to Top 500MM

US Network Gross Credit Card Accounts to Top 500MM

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. gross accounts (GAC) in the fourth quarter (4Q/15) for Visa, MasterCard, American Express and Discover U.S. credit cards was up 6.6% year-on-year (YOY). At the end of 4Q/15, there were 498.5 million U.S. credit GAC compared to 491.0 million for 3Q/15, and 467.5 million for 4Q/14. 
Visa U.S. credit…

Details
Visa and MasterCard X-Border Volume Continues to Soften

Visa and MasterCard X-Border Volume Continues to Soften

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cross-border transaction volume for Visa and MasterCard continued to slide in the fourth quarter (4Q/15). Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 4.0% YOY, while MasterCard rose 12.3% YOY for FX GDV in the fourth quarter. Cross-border volume refers to payments and cash volume where the issuing country…

Details
Visa and MC Lead Global PDV Growth with 11% YOY

Visa and MC Lead Global PDV Growth with 11% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 6.3% year-on-year (YOY) on a nominal dollars basis for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global 4Q/15 PDV increased 10.8% YOY.  The major four networks posted $2489 billion in…

Details
Honeymoon with U.S. FOR & DSR Ratios Might be Over

Honeymoon with U.S. FOR & DSR Ratios Might be Over

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After hitting new lows, the Financial Obligations Ratio (FOR) for 4Q/15 started edging up and the Debt Service Ratio (DSR) also inched up. According to the Federal Reserve the FOR slipped upward to 15.38% in 4Q/15, compared to 15.34% in 3Q/15 and 15.31% in 4Q/15. The DSR rosed to 10.07% in…

Details