Apriva and iPayment to Tackle SMB Mobile POS EMV Market

Apriva and iPayment to Tackle SMB Mobile POS EMV Market

Apriva and iPayment have inked a deal to extend their partnership to provide EMV capable solutions to small and mid-sized businesses (SMB) using mobile points of sale. This extension of iPayment’s point of sale (POS) solutions brings EMV functionality to customers using their mobile payment application, iPayment MobilePay. iPayment MobilePay is a unique white-labeled version…

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Accion Invests in Aire to Accelerate Thin File Lending

Accion Invests in Aire to Accelerate Thin File Lending

UK-based financial inclusion specialist Accion has inked an investment deal with Aire, a UK-based credit scoring startup. Aire uses a proprietary artificial intelligence process to ultimately help banks lend to new, qualified borrowers. During an online interview, the company’s collects and validates applicant-provided data to evaluate profession, education, and financial knowledge. Accion made the investment…

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MC Intros First m-Wallet Service in Japan with JACCS Card

MC Intros First m-Wallet Service in Japan with JACCS Card

MasterCard now has its first mobile wallet service in Japan. The new JACCS Card is powered by MasterCard contactless technology. MasterCard is enabling secure, convenient mobile payments for Japanese cardholders with NFC-equipped smartphones issued by NTT DOCOMO, KDDI and SoftBank. Starting this month, cardholders can sign up with JACCS MasterCard Contactless Mobile at the JACCS…

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Citi’s Retail Credit Card Metrics Wobble in 4Q/15

Citi’s Retail Credit Card Metrics Wobble in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s average yield for its U.S. retail credit card portfolio dropped 45 basis points (bps) in the fourth quarter (4Q/15), compared to the prior quarter, and down 31 bps year-on-year (YOY) to 16.49%. The net interest revenue (NIR) ratio, which includes some fees, also declined by 28 bps sequentially for 4Q/15,…

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COF’s Whopping 18% PDV Gain Pushes Top 4 +8.7%

COF’s Whopping 18% PDV Gain Pushes Top 4 +8.7%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) among the top four bank card issuers, rose 8.7% year-on-year (YOY) and 4.7% sequentially in the fourth quarter (4Q/15). Capital One grew more than twice YOY than the peer group total. The top four U.S. issuers racked up $307.3 billon in PDV for 4Q/15, compared to…

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MasterCard’s APMEA PDV Growth Slows; CDV Remains Strong

MasterCard’s APMEA PDV Growth Slows; CDV Remains Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s Asia Pacific Middle East Africa (APMEA) region Purchase Dollar Volume (PDV) growth edged down year-on-year (YOY) to 13.3%, on a currency adjusted basis (FX) in the fourth quarter (4Q/15) to US$246 billion, compared to a 14.9% YOY growth rate in 4Q/14. Based on PDV, the APMEA region produces the largest…

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V+M PTX +11% YOY; Avg Credit TX $83 and Debit TX $37

V+M PTX +11% YOY; Avg Credit TX $83 and Debit TX $37

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.4% year-on-year (YOY) in the fourth quarter (4Q/15) to 19.9 billion. 
U.S. purchase transactions for Visa and MasterCard credit cards came in at 6388 million for 4Q/15, compared to 6133 million for the prior quarter and…

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EMV and Card Personalization Drive CPI Sales

EMV and Card Personalization Drive CPI Sales

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CO-based CPI Card Group reported net sales were $93.6 million for the fourth quarter (4Q/15), an increase of 6.5% over the prior year period (YOY). The company attributed most of the increase to the on-going EMV card conversion within the U.S. financial card market, as well as increasing demand for card…

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TSYS; YAPSTONE; BLUEPOINT; and FLOK

In Other News: TSYS (Alerts); YAPSTONE (award); BLUEPOINT (paper); and FLOK (LoyalBlocks). TSYS – TSYS will provide the payment providers its services across Europe with TSYS Alerts, a solution that helps cardholders monitor their accounts and prevent fraudulent activity with real-time, on-demand information using cardholder-driven communication preferences that include push notifications, SMS text messaging, voice…

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Square Revenue Accelerates to the Stratosphere

Square Revenue Accelerates to the Stratosphere

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Square reported total revenue of $1267.1 million for full year 2015, a stunning 49.0% year-on-year (YOY) increase over the same period in 2014. For the fourth quarter (4Q/15) total revenue soared by 49.2% YOY to $374.4 million. Gross Payment Volume (GPV) increased 47% YOY to $10.2 billion. For the full year…

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