Visa Set to Grab More Marketshare in Q2 Approaching 60% GDV

The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to…

Verifone Gives Up on 2017 as Profits Sour in Q2 — Building for Fiscal 2018

The slowdown in EMV for the second fiscal quarter, (ended 4/30/17), (2Q/17) continues to drag on Verifone’s (VF) performance, as year-on-year (YOY) net income plummeted by more than 500%. The Company notes it continues divesting non-strategic businesses and allocating resources and capital to ensure the timely delivery of our new products, with a bright 2018…

AXP Enhanced BTA Sets a New Standard in Business Travel Management Tools

The beefed-up American Express Business Travel Account (BTA), now gives companies greater control and more visibility into their business travel expenses. The addition of Virtual Account Numbers in the refreshed product centralizes more types of business travel spending into a single account. The virtual account feature works with the existing booking processes of Travel Management…

Risks of Same Day ACH Debit Payments to Faster Payments Ecosystem Significant

A new report finds same day ACH debits create new opportunities for fraudsters to use the shortened settlement windows to bypass existing fraud prevention tools and defraud financial institutions, payment processors, and their customers. Also, legacy account validation processes — including prenotes and trial deposits — will be ineffective at identifying and preventing fraudulent debits,…

Share&Charge Delivers P2P EV Charging Network w/Blockchain Payments

California residential and commercial owners of electric vehicle charging stations enabled with eMotorWerks’ JuiceNet smart-grid charging technology will have the opportunity to rent out charging time on their stations to EV drivers participating in a new peer to peer (P2P) network powered by MotionWerk’s Share&Charge open platform. Share&Charge was founded by the innogy Innovation Hub…

U.S. Credit Card Debt Picks Up Steam in May – Still Outpaced by the U.K.

U.S. consumer revolving credit for May, mostly credit card debt (95%), continued to climb above the $1 trillion milestone set in December, growing at a solid clip annually. While climbing steadily throughout 2016, consumer revolving credit increased at an +8.7% annual rate of growth in May, compared to a revised +1.4% annual rate in April…

Q2 Earnings Week Gets Underway Friday for the Payments Industry

Second quarter earnings reports for the nation’s top credit card issuers, global payments networks and supporting businesses gets underway before the market opens on July 14th. First out of the shoot, will Chase (JPM) and Wells Fargo (WFS) reporting Friday morning, according to PYRPTS.com and CardData. Citibank (C), Bank of America (BAC) and Capital One…

Global Commercial Cards & Payments Summit Set to Amaze


The one and only global event dedicated to commercial cards and payments is slated for September 12th and 13th in New York City. The Global Commercial Cards & Payments Summit will attract more than 170 attendees, with 80% senior level decision-makers from more than 75 organizations. NOTE: Special Pricing Ends July 14th. The Summit offers a forum to…