U.S. Not Among the Standout Digital Elites Globally

Singapore, the U.K., New Zealand, the United Arab Emirates, Estonia, Hong Kong, Japan, and Israel are digital elites characterized by high levels of digital development and a fast rate of digital evolution. With momentum and innovation on their side, these ‘stand out’ markets exemplify the sweet spot of advancement and future growth.  The Fletcher School…

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U.S. Credit Card Debt Picks Up Steam in May – Still Outpaced by the U.K.

U.S. consumer revolving credit for May, mostly credit card debt (95%), continued to climb above the $1 trillion milestone set in December, growing at a solid clip annually. While climbing steadily throughout 2016, consumer revolving credit increased at an +8.7% annual rate of growth in May, compared to a revised +1.4% annual rate in April…

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Q2 Earnings Week Gets Underway Friday for the Payments Industry

Second quarter earnings reports for the nation’s top credit card issuers, global payments networks and supporting businesses gets underway before the market opens on July 14th. First out of the shoot, will Chase (JPM) and Wells Fargo (WFS) reporting Friday morning, according to PYRPTS.com and CardData. Citibank (C), Bank of America (BAC) and Capital One…

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Mexico’s Financial Inclusion Initiatives Moving Cash to Cards – Robust Future

Cash remains the preferred form of consumer payments in Mexico; especially among the rural population, primarily due to limited knowledge of payment cards or limited access to banking infrastructure. Cash is primarily used for making small-value payments at retailers, and for the payment of utility bills, taxes, and transport fares. A significant proportion of the…

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Global Commercial Cards & Payments Summit Set to Amaze


The one and only global event dedicated to commercial cards and payments is slated for September 12th and 13th in New York City. The Global Commercial Cards & Payments Summit will attract more than 170 attendees, with 80% senior level decision-makers from more than 75 organizations. NOTE: Special Pricing Ends July 14th. The Summit offers a forum to…

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EMV Shifts Fraud to CNP Transactions Creating Omni-Channel Challenges

Notwithstanding EMV has lowered fraud prevention costs for most U.S. companies, fraud continues to shift online. And while merchants and retailers plan to considerably increase investment in payments to improve customer experience (by 50% over 2015), more than three quarters of these organizations view security, compliance and fraud management issues as the biggest barriers to…

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Shanahan to Continue to Steer CardConnect Post-FDC Acquisition

The deal is done. First Data (FDC) and CardConnect have completed their acquisition agreement. CardConnect is now a wholly-owned subsidiary of FDC and CardConnect shares will no longer be traded on the NASDAQ. CardConnect CEO Jeff Shanahan will continue to lead CardConnect operations and will serve as an Executive Vice President and as a member…

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