Wirecard and Verifone to Expand Indonesia POS

Wirecard and Verifone to Expand Indonesia POS

Wirecard and Verifone have inked a deal to expand the point-of-sale market in Asia Pacific beginning with Indonesia. As the world’s fourth most populous country, Indonesia is considered one of the largest and fastest growing markets for payment solutions according to analysts. The five-year strategic alliance brings together the technology portfolio and geographic strengths of…

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Global PDV for Major 4 U.S.-Based Networks Up 9.2% YOY FX

Global PDV for Major 4 U.S.-Based Networks Up 9.2% YOY FX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 6.8% year-on-year (YOY) on a nominal dollars basis for the first quarter (1Q/16). However, on a currency adjusted basis (FX), global 1Q/16 PDV increased 9.2% YOY.  The major four networks posted $2367 billion in…

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U.S. Credit Card Delinquency Remains at Historic Lows in 1Q/16

U.S. Credit Card Delinquency Remains at Historic Lows in 1Q/16

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the first quarter (1Q/16) decreased 3 basis points (bps) sequentially (QTQ), but up 6 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 1Q/16, declined…

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Other News: PYMNTS; ELAVON; EMAZZANTI; and AMEX

In Other News: PYMNTS (awards); ELAVON (ariane); EMAZZANTI (ranking); and AMEX (LGBTQ). PYMNTS – The winners of the 2016 PYMNTS/Alexa Challenge include Visa and USAA. There were 12 teams and 14 companies in a five-week competition to use Alexa and her voice-activated technology to reimagine how consumers interact with their payments and financial services solutions…

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Verifone has Rough Sailing in 2Q and Will Cut Jobs & Review Weak Units

Verifone has Rough Sailing in 2Q and Will Cut Jobs & Review Weak Units

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citing several difficult market dynamics in the second quarter, Verifone is reviewing underperforming businesses and launching a headcount restructuring. Verifone reported second quarter (2Q/16) net income nose-dived more than 80% year-on-year (YOY), with most of the growth coming from the North America segment. The recent InterCard and AJB Software Design acquisitions…

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CivicPay Ready to Capture Citizen-to-Government Payments

CivicPay Ready to Capture Citizen-to-Government Payments

Accela has unveiled CivicPay on the Accela Civic Platform, enabling citizens to make payments to government agencies online in real-time. CivicPay offers residents an easier way to make payments anytime, from anywhere, and allows agencies to securely automate the process. CivicPay’s system addresses the pain points associated with traditionally time-consuming and difficult payment reconciliation processes…

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Costco Begins to Accept Visa Only & New Co-Brand Takes Off

Costco Begins to Accept Visa Only & New Costco Visa Takes Off

Citi confirms it has successfully completed the acquisition and conversion of Costco’s U.S. co-brand credit card portfolio from American Express. Citi acquired in excess of $10.5 billion of credit card receivables. The new Costco Anywhere Visa Card by Citi and Costco Anywhere Visa Business Card by Citi are available exclusively to Costco members. The long-term…

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Australian Credit Card Debt Bumps Up a Bit in April

Australian Credit Card Debt Bumps Up a Bit in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.4% year-on-year (YOY) in April. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 2.8% YOY. The average balance per account in April declined 1.4% YOY to AU$3149, compared to AU$3157 for March, and AU$3194 for April 2015.

Credit…

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MasterCard Continues to Lead Major 4 Networks in Global GDV

MasterCard Continues to Lead Major 4 Networks in Global GDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally increased 4.2% year-on-year (YOY) on a nominal dollars basis, for the first quarter (1Q/16). However, on a currency adjusted basis (FX) global GDV for the first quarter increased 10.6% YOY.  The major four networks posted…

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