Australians Zipped Up Wallets in March as CC Usage Falls

Australians Zipped Up Wallets in March as CC Usage Falls

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) posted a dismal decline of 0.5% year-on-year (YOY) in March. Purchase dollar volume (PDV) decreased 0.5% YOY and cash dollar volume (CDV) was flat YOY in March. GDV rose in March to AU$26.3 billion, compared to a revised AU$26.1 billion in the prior month…

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MC’s New Simplify Controls Targets SME e-Pay Fraud

MC’s New Simplify Controls Targets SME e-Pay Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard is adding a new tool for small- and medium-sized (SME) businesses to control, prevent and monitor e-commerce transactions in real time. The solution, a complement to payments platform Simplify Commerce, helps businesses maximize online sales by letting legitimate orders through and keeping fraudulent transactions out. With a mobile app and…

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Briefs: FINCA; TRUSONA; 3SCALE; and PRECISE

In Other News: FINCA (First Access); TRUSONA (insurance); 3SCALE (Adyen); and PRECISE (OT). FINCA – FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world. The partnership…

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COF International Credit Cards Yield and Margin Soar

COF International Credit Cards Yield and Margin Soar

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One’s (COF) international (U.K.) credit card average yield and interest margin soared quarter-to-quarter (QTQ), and year-on-year (YOY) in the first quarter (1Q/16). However, other COF international credit card portfolio metrics soften and headed south for the quarter, particularly delinquency and charge-offs. COF gross revenues for the international card business edged…

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Briefs: BLUESNAP; NCR; PROGREXION; and TSYS

In Other News: BLUESNAP (merchants); NCR (Bankia Spain); PROGREXION (FICO); and TSYS (Featurespace). BLUESNAP – BlueSnap released the Cleanse Report to help merchants analyze their sales traffic and develop an action plan to optimize their sales funnel. So much effort goes into converting shoppers into buyers – advertising, marketing, website and checkout page localization, payments…

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WorldPay Inks OTA Uvet Nordic for Online Payments

WorldPay Inks OTA Uvet Nordic for Online Payments

Sweden’s Uvet Nordic has inked Worldpay as its exclusive online payments provider. The company currently operates in 12 European countries, with brands Flightfinder, Airfinder, Farefinder, FlyUvet, Doodle, Travelstore, and Flygpoolen.  Worldpay’s insight into customer data and local spending habits will help inform Uvet Nordic’s global strategy, enabling the company to tailor its service to the…

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Germany’s Wincor Nixdorf Reported its First Quarter

Germany’s Wincor Nixdorf Reported its First Quarter

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Germany’s Wincor Nixdorf reported its first quarter (1Q/16) net income more than quadrupled year-on-year (YOY) driven by strong growth in the Americas region. Retail revenue YOY growth was in double-digits for 1Q/16 while banking revenue went south. The proposed merger with U.S.-based Diebold continues on track. Wincor Nixdorf reported first quarter…

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VISA APMEA Logs Double-Digits in 1Q

VISA APMEA Logs Double-Digits in 1Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Outside the U.S., Visa’s Asia Pacific (AP) region remains the second strongest of the four international regions as purchase dollar volume (PDV) is up 15% year-on-year (YOY) and purchase transactions rose 16% YOY in the first quarter (1Q/16). Visa also posted double-digit YOY growth in accounts (GAC) and cards-in-force (CIF). Visa’s…

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PowaPOS + Supercom Off to Flying Start in LAC

PowaPOS + Supercom Off to Flying Start in LAC

PowaPOS has raked-in more than $1.1 million in orders from Latin American distributors within the first month since joining SuperCom on April 18th. PowaPOS is the developer of a fully-integrated mobile and tablet-based system integrating industry-leading retail and secure payment solutions into one simplified, attractive and robust POS platform. PowaPOS expects to deliver the orders…

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