Payments News from Glenbrook Partners
Glenbrook   Book   Education   Jobs   Views   Archives   Store   Advertise   About         SUBSCRIBE:

« May 13, 2009 | Main | May 15, 2009 »

May 14, 2009

A Look at Growth in Prepaid at Meta Payment Systems

One of the leading network-branded prepaid card issuers in the US is Meta Payment Systems, a subsidiary of Meta Financial Group. MFG reported financial results for the first quarter 2009 earlier today - and included a business segment breakout report for MPS. MPS' results included quarterly net income of $3.5 million and revenue of $36.4 million, up 139% from the same quarter last year. MPG also reported the filing of eight patents during the quarter (three provisional and five non-provisional and international) and 32 patents since the inception of MPS relating to the addition of functionality and ancillary products to prepaid cards.

Obama Holds Town Hall on Credit Card Reform Today

President Obama held a Town Hall meeting today in Rio Rancho, New Mexico on the subject of credit card reform. A full transcript of the meeting is available online.

Credit Card Companies and Transaction Data

In an article titled "What Does Your Credit-Card Company Know About You?" scheduled to be published in this Sunday's New York Times Magazine, Charles Duhigg takes a look at how credit card issuers have gotten interested in psychology - to help predict consumer behavior.

The Advisor from MasterCard Advisors

MasterCard Advisors has published a new edition of its newsletter, The Advisor. This issue is a special edition that offers strategies and tacties to US credit card issuers to "survive the current financial crisis in the short term and to retool for renewed profitability in a new era of more responsible spending."

Cards&Payments: 2008 US Bank Card Issuer Profitability

The May issue of Cards&Payments magazine has arrived with its annual survey of US bank card issuer profitability - finding that 2008 revenues grew 10% over 2007 to $129.6 billion while expenses grew 14% to $102.4 billion (primarily driven by a 52% increase in credit chargeoffs). After-tax profits declined about 3% to $17.7 billion. Purchase volume on credit cards grew less than 1% to $1.37 trillion.

TSYS to Provide Travel Bank With Japan's First Visa Prepaid Card

TSYS announced today that it would begin processing Visa-branded prepaid cards for the Japanese market in July 2009. The prepaid cards will be issued by Travel Bank Inc., a financial services company that is part of the JTB Group. Consumers can use the cards to make payments at Visa merchants when traveling overseas or to withdraw cash from Visa ATMs. READ MORE »

Sponsors

News View

Payments Consultants

Subscribe

Languages



Glenbrook Partners

PAYMENTS NEWS IS PRODUCED BY AND IS A SERVICE MARK OF GLENBROOK PARTNERS, LLC
ISSN 1556-4487

Glenbrook's Consulting Services

  • Innovation and Strategy
  • Payments Product Development
  • Payments Market Assessments
  • Payments Vendor Selection
  • Merchant Payments Optimization
  • Payments Risk Management
  •  
  • To discuss how Glenbrook can
    help you
    , email us:

Glenbrook's Payments Education

  • Payments Boot Camps
  • Payments Essentials Webinars
  • Private Payments Workshops
  •  
  •  
  •  
  •  
  • For more information on Glenbrook's payments education, email us:

Tools for Payments Professionals

  • Glenbrook Writings
  • Payments News
  • Payments Views
  • Payments Jobs
  • Payments Education
  • Payments Bookstore
  •  
  • To send us news that you'd like us to cover on Payments News, email us:

Contacts:                        
Compilation Copyright © 2002 - 2014 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use        Privacy Policy        RSS Feed        Payments News RSS Feed

Subscribe to Payments News   

Follow Payments News on Twitter for Real-Time Updates