Discover Card Q1 Profits Slip w/Rising Charge-Offs – Yields Solid

Discover’s (DFS) credit card portfolio stayed in positive territory in the first quarter (1Q/17), while profits decreased reflecting a rising charge-offs. Discover’s total revenue rose 2.4% YOY to $2278 million for 1Q/17, compared to $2358 million in the prior quarter and $2224 million for the year ago quarter. For 2016, DFS averaged $2275 million per…

Cap One U.S. Card Profits Dip as Charge-Offs Soar & FICO Scores Slide

The nation’s second largest bank credit card issuer, Capital One (COF) continues to lead its peers in all metrics for the first quarter (1Q/17). For the first time, COF released a historic breakdown of its near-prime and sub-prime FICO scores based on end-of-period (EOP) U.S. credit card outstandings, according to CardData. COF reported 63% of…

TSYS Posts Decent Q1 Profit While Trimming Jobs and Diversifying

GA-based acquirer TSYS reported a solid first quarter (1Q/17) as total revenues hit $1185 million, a jump of 60.4% year-on-year (YOY). Net income increased 16.9% YOY from $90.6 million in 1Q/16 to $105.9 million in 1Q/17, according to CardData. The Company says the strategy of diversification has been paying-off for the first quarter. TSYS also…

Customer Engagement – Mobilizing Your Business Set for Late August

The Mobile Payments Conference (MPC), slated for August, is more than mobile payments, it is an invitation into a growing elite group of professionals who are holding a conversation that never ends. The conference is the pivotal intersection between end users, operations, marketing, finance and technology where it will be discussed and answer many questions.…

Deploying Mobile Payments with Airlines – Peas & Carrots

Airlines and travel companies should start deploying payment methods that are aligned with airline operations and airline customers’ behaviors and needs. Enabling more alternative payment methods (APM) as they become available is a necessary step for collecting new revenues and enabling mobile payments throughout the journey, from booking and ticketing all the way to post-destination…