AI Crypto Tokenization

AI Crypto Tokenization P2P – Today’s Credit Card Buzz Words

AI crypto tokenization P2P reign among today’s credit card buzz words which also includes prepaid, bitcoin, EMV, and GDV. The global artificial intelligence (AI) as a service market size is expected to reach US$77 billion by 2025, according to PYRPTS. When it comes tokenization there is a migration by the payment networks for card-on-file tokenization.…

Active Card Accounts

Active Card Accounts Hits Q1 Trump Bump Up Minuscule 50 bps

Active card accounts from the nation’s Top 4 bank credit card issuers posted a teeny year-on-year (YOY) gain in the first-quarter (1Q/19). While U.S. bank active credit card accounts or open accounts with posted sales activity are typically, seasonally and historical down in the first-quarter, this year the payments industry was buffeted by the impact…

Asif Ramji Worldpay Money 20/20

FinTech Big Tech Payments Converge at Vegas Money/20/20

FinTech Big Tech Payments will come together in Las Vegas for Money20/20 event, October 27-30. Asif Ramji, Chief Product and Marketing Officer of Worldpay, and former president and CEO of Paymetric, will keynote the major event. Money20/20 bills itself as where 2,300+ C-Level executives, 500+ renowned speakers and thousands of of disruptors from 88 countries…

MasterCard's Ed McLaughlin

Artificial Intelligence and Payments to Intersect at London AI Summit

Artificial intelligence and payments will intersect this month as Ed McLaughlin, president of operations and technology for MasterCard will keynote at the 4th Annual AI Summit in London, June 12 and 13. McLaughlin is also a member of Mastercard’s Executive Committee. This major technology event, AI Summit, is focused on artificial intelligence and will attract…

First-Quarter Charge-offs

First-Quarter Losses for Top 4 Card Issuers Marching Towards 4%

First-quarter charge-offs among the Top 4 U.S. bank credit card Issuers are on a path to top 4.00% within the next 12 to 15 months. Charge-offs among the major domestic credit card issuers rose sharply as loan loss reserves build. Credit card charge-offs among the nation’s Top 4 credit card issuers rose 34 bps (basis…


Citibank Retail Cards Gather More Steam in the First-Quarter

Citibank retail cards for North America posted its strongest first-quarter in more than five years as outstandings and purchase dollar volume rose sharply, coupled with a very high yield and moderate delinquency. Citibank’s retail credit card portfolio includes ExxonMobil, Macy’s, Shell, Staples, Best Buy, Home Depot and many others. Citi’s average yield for its North…

First-Quarter Credit Card Yields

First-Quarter Credit Card Yield Surges to Record 12.22%

First-quarter credit card yield set records for all the largest U.S issuers with Citibank’s yield skyrocketing 145 bps (basis points) over the past twelve months. Average credit card yield, among the nations’s Big 6 bank card issuers, rose by 16 bps sequentially to 12.22% and up 56 bps year-on-year (YOY) for the first-quarter (1Q/19), compared…

International Card GDV

International Card GDV +9% FX YOY Driven by Debit & MA

International card GDV (gross dollar volume) for Visa [V] and Mastercard [MA] payment cards (credit+debit+charge+prepaid) rose 8.7% YOY (year-on-year) on a currency adjusted basis (FX) for the first-quarter (1Q/19). On a nominal basis (not currency adjusted) international payment cards GDV decreased 0.4% YOY. Visa and Mastercard reported US$2732 billion in international payment card GDV for…