Visa CEMEA 4Q Card Metrics Soften Except for PTX

Visa CEMEA 4Q Card Metrics Soften Except for PTX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa’s Central Europe – Middle East – Africa (CEMEA) region performance continues to soften as all value metrics continue to point downward. However, the number of purchase transactions continued to soar, while the number of accounts and cards have remained stable. Gross Dollar Volume (GDV), FX-adjusted, declined in the fourth quarter…

Details
COF Soaring Charge-Offs Drives Down Big 6 Issuer Avg

COF Soaring Charge-Offs Drives Down Big 6 Issuer Avg

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top 6 issuers inched were down 22 basis points (bps) year-on-year (YOY) to 2.70% for the fourth quarter (4Q/15), but up 13 bps sequentially. While Citibank has done the best job of reigning in card losses, dropping 31 bps, compared to 4Q/14, Capital One 4Q/15 charge-offs are…

Details
Cignifi Logo

Equifax Predictor Inclusion Score Coming to LAC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cignifi and Equifax have inked a multi-year partnership to help Equifax expand its credit scoring capabilities in Latin America. The agreement will leverage Cignifi’s analytics and technology to assess creditworthiness, propensity, and risk based on mobile phone usage data that is provided with explicit consumer consent. Cignifi’s technology will enable Equifax…

Details
Visa & MC US Credit Cards Outpace Debit Cards by 4X

Visa & MC US Credit Cards Outpace Debit Cards by 4X

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 5.0% year-on-year (YOY). U.S. credit cards increased 8.7% YOY while CIF for debit cards rose 2.2% YOY, in the fourth quarter (4Q/15). There are were 1182 million Visa and MasterCard payment cards in circulation in the U.S. for…

Details
EMVCo Helps to Implement PAR & Reduce PAN Usage

EMVCo Helps to Implement PAR & Reduce PAN Usage

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] EMVCo updates its EMV Payment Tokenization Specification – Technical Framework bulletin. The update will provide the payment community with a global, consistent framework to implement ‘Payment Account Reference’ (PAR). To be used by merchants, acquirers and payment processors, PAR can enhance security by limiting references to a cardholder’s primary account number…

Details
MC Leads the Major 4 Networks in Global GDV Growth

MC Leads the Major 4 Networks in Global GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally was flat year-on-year (YOY) on a nominal dollars basis, for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global GDV for the fourth quarter increased 9.8% YOY.  The major four networks posted…

Details

GPN; BEVO; ONE; and NACHA

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: GPN (China); BEVO (POS); ONE (Buckeye); and NACHA (Board). GPN – Global Payments is offering merchants in China the ability to accept Samsung Pay, a simple and safe mobile payment service that works almost anywhere you can swipe or tap your card. As a Samsung Pay-qualified payment provider,…

Details
Visa Leads the Major 4 Networks in U.S. GDV Growth

Visa Leads the Major 4 Networks in U.S. GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.1% year-on-year (YOY) in 4Q/15 reaching a record $1443 billion.
 Visa led the way in the fourth quarter posting a 8.9% YOY gain for U.S. GDV.

Visa reported fourth quarter GDV of $841…

Details
Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained a mere 2.4% in the fourth quarter (4Q/15) year-on-year (YOY) to $376.2 billion. The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer in 2016. 
Chase reported EOP U.S. credit card outstandings…

Details
MasterCard U.S. Card (credit + debit) 4Q CDV Rises 6.5% YOY

MasterCard U.S. Card (credit + debit) 4Q CDV Rises 6.5% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the fourth quarter (4Q/15) grew at an annual rate (YOY) of 5.3%. 
Visa U.S. payment card (credit + debit) CDV for 4Q/15 was up 5.5%. MasterCard U.S. payment card (credit + debit) CDV for 4Q/15 was up 6.5%.…

Details
Smart Token Chain Connects Blockchain & Payment Systems

Smart Token Chain Connects Blockchain & Payment Systems

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The new Smart Contract Settlement Exchange connects diverse banking and other payments systems worldwide without requiring each institution to integrate to hundreds of upcoming proprietary blockchain payment systems. Smart Token Chain gives financial institutions the ability to create fully proprietary ledger systems and smart contract tools, yet easily exchange transaction and…

Details
Debt Extinguishment and IPO Expenses Kill First Data’s 4Q

Debt Extinguishment and IPO Expenses Kill First Data’s 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data posted 4Q/15 revenue of $3.0 billion, up 3% year-on-year (YOY) or up 5% on a currency adjusted (FX) basis. For the fourth quarter, the net loss attributable to First Data was $1217 million, compared to a net loss of $126 million in the prior quarter, and compared to net…

Details