Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlash.com Breaking News: NXT-ID (Fatone); VISA (Singapore); USAT (award); and ACI (AAC). NEXT-ID – Wocket smart wallet has inked a new video featuring singer, dancer, actor and television personality, Joey Fatone. The new video ad was filmed at the Consumer Electronics Show.The video is part of a new 2016 social media campaign…

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Cap One US Card Profits Up 5.5%; Metrics Weakening

Cap One US Card Profits Up 5.5%; Metrics Weakening

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 13% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 18% surge in Purchase Dollar Volume (PDV) for the fourth quarter as other metrics are concerning. As the most U.S. inclusive…

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Wells Fargo Card Portfolio Up but Charge-Offs Higher

Wells Fargo Card Portfolio Up but Charge-Offs Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wells Fargo credit card third quarter outstandings were up 15.3% year-on-year (YOY) to $34.0 billion reflecting new account growth and growth in private label and co-brand outstandings. Purchase Dollar Volume (PDV) grew 12% YOY in 4Q/15. For the Fourth quarter, Wells posted $18.9 billion in PDV, compared to $18.3 billion in…

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Wirecard Card Powers FromMe2You Gift Card

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wirecard Card Solutions is now the card issuer of the new ‘FromMe2You’ Gift Card, offered by the Irish Program Manager The Gift Card Company. This multi-store gift card can be purchased online at www.me2you.ie or in store at participating Topaz stations nationwide and has the backing of over 3,000 of Ireland’s…

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Electronic Commerce International Ready for Prime-Time

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Electronic Commerce International (ECI), a registered provider of data security and secure, reliable Visa and MasterCard credit card processing for businesses, unveils ECI Consumer Finance, its new multi-lender, credit based and no-credit based (retail, brick and mortar businesses only) online platform consisting of over twenty lenders. Lenders can be mixed and…

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WorldRemit & MTN Mobile Money Target South Africa

WorldRemit & MTN Mobile Money Target South Africa

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a global partnership agreement earlier this year, to enable WorldRemit customers all over the world to send international remittances to MTN’s Mobile Money customers. People in more than…

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Credit Karma Reaches 50 Million Member Milestone

Credit Karma Reaches 50 Million Member Milestone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit Karma announced has signed up its 50 millionth member, a major milestone that gives the online personal finance platform insight into more than one-fifth of America’s total household debt. Credit Karma’s 50 million-strong member base accounts for 22% of all Americans with a credit profile in the United States, who…

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Service Biz & Middle Market Scrutinized by AXP & DNB

Service Biz & Middle Market Scrutinized by AXP & DNB

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The burgeoning service economy is significantly outpacing more traditional industry sectors in its rate of business growth among middle market companies, according to the Middle Market Power Index: Exploring Generational Changes in Middle Market Industries from American Express and Dun & Bradstreet. While manufacturing and wholesale trade continue to remain key…

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Special Breaking News Mentions in CardFlash January 27, 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlash.com Breaking News: USAT (4Q/15): NFCC (Board); and EXPERIAN (SBCS). USAT- USA Technologies has added 20,000 net new connections and achieved revenue of approximately $18 million in the second quarter of fiscal 2016. The resulting increases represent net new connection growth of 66 percent from net new connections added during the…

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China CITIC Bank to Issue the First JCB Virtual Cards

China CITIC Bank to Issue the First JCB Virtual Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JCB has inked China CITIC Bank to issue the first JCB virtual cards for online shopping users. CITIC is part of the major state-owned conglomerate CITIC Group. The bank has a nationwide branch network and solid customer base, including the wealthy segment, and is actively expanding its card issuing business. China…

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