Citi’s Costco Card Drives PDV +60% & Outstandings +28% – Q4 Profits Soft

Citibank North America branded credit card metrics exploded again in the fourth quarter (4Q/16) as the Costco card acquisition from American Express last year remains in high gear, according to CardData. However, card income declined by double-digits in the fourth quarter, driven by the additional costs associated to the Costco portfolio. North America Citi-branded card revenue…

Details

Sapphire Card Puts the Hurt on Chase Q4 Profits – PDV Up 13.5% YOY

Chase, the nation’s largest bank credit card issuer, continued to post double-digit year-on-year (YOY) growth in purchase dollar volume (PDV) in the fourth quarter (4Q/16) while YOY growth in outstandings (OUT) remained in the mid-single digits, according to CardData. Delinquency (DEL) and charge-offs (CO) jumped upward YOY as the account base remains stagnant and overall…

Details

Credit/Debit Card Payments Maintain Lion’s Share of All U.S. Consumer Payments

Purchases of goods and services totaled $9.550 trillion in 2015, up 3.4% year-on-year (YOY). The four card-based methods of payment of credit, debit, prepaid, and electronic benefits transfer generated $5.665 trillion in purchases or 59.32% of all consumer payment systems volume. Credit cards accounted for $2.932 billion, 30.70% of volume. Debit cards accounted for $2.420,…

Details

First PCI PTS 5.x Certified Smart Payment Terminal Enters U.S POS Market

Ingenico has introduced its sleekest, most secure smart terminal specifically engineered for the ultimate checkout experience. Designed for speed and efficiency in any environment, the Lane/7000 enables merchants to increase customer engagement, improve brand loyalty and drive additional sales directly through the smart terminal.  The launch of this device also marks the introduction of Ingenico…

Details

SMEs Targeted for NFC-Enabled EMV-Compliant Groovv POS Flex

Samsung Electronics America and Total Merchant Services unveiled Groovv POS Flex, a comprehensive and easy to use point-of-sale (POS) solution designed specifically for small- to mid-sized businesses. Groovv POS Flex features a Samsung Galaxy Tab E 9.6” Tablet and an EMV-compliant and NFC-enabled payment processing device, which are pre-programmed with a full suite of software…

Details

Mastercard Europe Softens Up as PDV Slips but PTX & CIF Solid

Mastercard’s European region posted sluggish year-on-year (YOY) gains for the third quarter (3Q/16), according to CardData.com. While, on a currency adjusted basis (FX), cash dollar volume (CDV) jumped more than 22% YOY, purchase dollar volume (PDV) declined more than 2% and gross dollar volume (GDV) increase a mere 5.4%. Europe is Mastercard’s second largest international…

Details