Charge-Offs Among Top 4 Issuers Head North in 2016

Charge-Offs Among Top 4 Issuers Head North in 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers rose 5 basis points (bps) year-on-year (YOY) to 3.08%, and up 21 bps sequentially for the first quarter (1Q/16). All four issuers reported sharply higher credit card losses sequentially. Soaring Capital One losses drove the sequential gain for the peer group. The Chase…

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Big 6 U.S. Issuers Gross Accounts Growth Stagnant

Big 6 U.S. Issuers Gross Accounts Growth Stagnant

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers edged up 0.6% year-on-year (YOY) in the first quarter (1Q/16) to 273.4 million, compared to 270.7  million in the prior quarter, and 271.9 million one-year ago.  The growth is driven by Capital One and American Express…

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Visa + MasterCard U.S. CTX Up 4.7% Driven by Credit Cards

Visa + MasterCard U.S. CTX Up 4.7% Driven by Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cash transactions (CTX) for Visa and MasterCard U.S. credit and debit cards in the U.S. grew by 4.7% year-on-year (YOY) in the first quarter (1Q/16). U.S. 1Q/16 credit card cash transactions were up 13.6% YOY, while U.S. debit card CTX increased 4.5%. Visa’s 1Q/16 CTX for U.S. credit cards was up…

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U.S. Bank via clearXchange Leads with No Fee P2P

U.S. Bank via clearXchange Leads with No Fee P2P

Minneapolis-based U.S. Bank, the first bank to offer real-time, person-to-person payments through the security of the clearXchange network, the largest bank-offered digital payments network in the United States, is now making the service available to customers with no fee, effective immediately. Since U.S. Bank introduced this service to its customers, several other financial institutions have…

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Top 4 U.S. Issuers Card Yield Slips a Bit Except Capital One

Top 4 U.S. Issuers Card Yield Slips a Bit Except Capital One

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average yield among the nations’s Top 4 bank credit card issuers declined 9 basis points (bps) sequentially at 11.49% for the first quarter (1Q/16), compared to 11.58% for the prior quarter, and 11.54% for 1Q/15. Capital One (COF), continues to lead the Top 4 with a 14.43% 1Q/16 yield while…

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Briefs: CSI; PACE; WORLD PATENT; and ZAPPOROO

In Other News: CSI (partnerships); PACE (@Pay); WORLD PATENT (Change Card); and ZAPPOROO (Automaticard). CSI – CSI globalVCard is expanding its global partnership operations team to support the company’s growing network of strategic FinTech partnerships. This team will be moved from the company’s Southwest Florida headquarters to the recently opened Dallas, Texas office, which is…

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Cardinal Commerce Racks Up More than 60 Global Payment Patents

Cardinal Commerce Racks Up More than 60 Global Payment Patents

CardinalCommerce has significantly expanded its global patent portfolio. The company’s U.S. and international patent portfolio now totals 63 issued patents, with a dozen new patents recently granted from five countries. Cardinal’s patents include sophisticated technology, architecture, engineering and applied sciences to protect its business and provide a safe haven for its Customers and Partners. Cardinal…

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New Relic Software Analytics Cloud Takes Off in EMEA

New Relic Software Analytics Cloud Takes Off in EMEA

Companies across Europe, Middle East and Africa (EMEA) continue to choose the New Relic Software Analytics Cloud to help them modernize their software architectures, deliver higher quality software faster, and drive successful digital initiatives. The company’s revenue in the EMEA region increased by 64% year-over-year from fiscal year 2015 to 2016 and revenue from EMEA…

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C-Connect has Launched Ippin an Online Shopping Mall

C-Connect has Launched Ippin an Online Shopping Mall

C-Connect, the retail e-commerce company selling printer inks and sanitary napkins, has launched “Ippin” – the Online Shopping Mall specialized in direct sales and distribution from Japan to foreign countries. “Ippin” not only sells “Made in Japan” products but also high–quality “Produced by Japan” and “Popular in Japan” items, enabling customers to purchase directly from…

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Briefs: AMEX; TO-INCREASE; GPN; and CLEARENT

In Other News: AMEX (rewards); TO-INCREASE (ERP); GPN (Singapore); and CLEARENT (buttons). AMEX – To celebrate 25 years of the Membership Rewards program, American Express debuted the Anniversary Collection, a curated collection of premium entertainment, sports and dining experiences, all available with Membership Rewards points. The collection opens up once-in-a-lifetime experiences for Card Members, with…

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