Americans Want More from Banks: Budgeting – Financial Planning – Credit Monitoring

More than half of U.S. consumers are interested in having their primary financial institution provide support for household budgeting such as setting a budget to meet their financial goals and tracking their progress toward meeting their goals. Mercator Advisory Group’s Consumers and Personal Finance: Don’t Overlook the Basics report finds young adults and business owners…

Details

PayPal Stays Hot Despite Q1 Seasonal TPV – Margins Slide Again

PayPal continues to gain market share as total payment volume (TPV) and total payment transactions (PTX) soared 22% year-on-year (YOY) in the first quarter (1Q/17). However, the transaction margin continues to slide for the fifth consecutive quarter, down 370 basis points (bps) YOY and down 100 bps from 4Q/16, according to CardData. PayPal crossed the…

Details

Qantas Airways to Accept UnionPay Cards — Builds on Westpac & ANZ Relationships

The largest airline in Australia, Qantas Airways (QA) has inked a deal to enable customers to use UnionPay cards for flight bookings on Qantas website. The two sides also signed a Memorandum of Understanding (MOU) to expand the online acceptance of UnionPay cards to all Qantas flights and will collaborate in promotion campaigns. The latest…

Details

KinerjaPay Lands Two Major Indonesian C-Store Chains as Expansion Accelerates

Digital payment and e-commerce platform, KinerjaPay” has inked Indomaret and Alfamart, two of Indonesia’s largest convenience store chains, will now allow customers to make payments on any transaction performed inside KinerjaPay platform. KinerjaPay notes as the vast majority of our customers do not have bank accounts or credit cards, virtually all transactions are made with…

Details

Vantiv + Paymetric = B2B Payments Expansion & Cross-Selling Opportunities

Vantiv has inked a deal to acquire Atlanta-based Paymetric for an undisclosed amount but set to close by June 30th, pending U.S. antitrust clearance. Paymetric automates B2B payment workflows within enterprise systems, including SAP, Oracle, Hybris, Salesforce and more. Paymetric also tokenizes payments data within these systems in order to enable secure storage of customer…

Details

Discover Card Q1 Profits Slip w/Rising Charge-Offs – Yields Solid

Discover’s (DFS) credit card portfolio stayed in positive territory in the first quarter (1Q/17), while profits decreased reflecting a rising charge-offs. Discover’s total revenue rose 2.4% YOY to $2278 million for 1Q/17, compared to $2358 million in the prior quarter and $2224 million for the year ago quarter. For 2016, DFS averaged $2275 million per…

Details

Cap One U.S. Card Profits Dip as Charge-Offs Soar & FICO Scores Slide

The nation’s second largest bank credit card issuer, Capital One (COF) continues to lead its peers in all metrics for the first quarter (1Q/17). For the first time, COF released a historic breakdown of its near-prime and sub-prime FICO scores based on end-of-period (EOP) U.S. credit card outstandings, according to CardData. COF reported 63% of…

Details

TSYS Posts Decent Q1 Profit While Trimming Jobs and Diversifying

GA-based acquirer TSYS reported a solid first quarter (1Q/17) as total revenues hit $1185 million, a jump of 60.4% year-on-year (YOY). Net income increased 16.9% YOY from $90.6 million in 1Q/16 to $105.9 million in 1Q/17, according to CardData. The Company says the strategy of diversification has been paying-off for the first quarter. TSYS also…

Details

Customer Engagement – Mobilizing Your Business Set for Late August

The Mobile Payments Conference (MPC), slated for August, is more than mobile payments, it is an invitation into a growing elite group of professionals who are holding a conversation that never ends. The conference is the pivotal intersection between end users, operations, marketing, finance and technology where it will be discussed and answer many questions.…

Details

Deploying Mobile Payments with Airlines – Peas & Carrots

Airlines and travel companies should start deploying payment methods that are aligned with airline operations and airline customers’ behaviors and needs. Enabling more alternative payment methods (APM) as they become available is a necessary step for collecting new revenues and enabling mobile payments throughout the journey, from booking and ticketing all the way to post-destination…

Details

FICO in Russia Develops a Score to Gamify the Credit Application Process

Russia’s Sovcombank is using survey-based credit scoring from FICO to attract young people looking for their first credit card. The new score uses psychometrics and behavioral data to measure a person’s credit risk based on their answers to questions in an online assessment Russia’s Sovcombank is using the new form of credit scoring developed by…

Details