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February 09, 2012

Visa Reports Fiscal 1Q 2012 Results

Visa logo 60pxhVisa has announced financial results for the Company's fiscal 1Q 2012 which ended December 31, 2011. Highlights include:

  • Payments volume growth, on a constant dollar basis, for the three months ended September 30, 2011, on which fiscal first quarter service revenue is recognized, was a positive 13% over the prior year at $971 billion.

  • Payments volume growth, on a constant dollar basis, for the three months ended December 31, 2011, was a positive 11% over the prior year at $994 billion.

  • Cross-border volume growth, on a constant dollar basis, was a positive 13% for the three months ended December 31, 2011.

  • Total processed transactions, which represent transactions processed by VisaNet, for the three months ended December 31, 2011, were 13.6 billion, a positive 8% increase over the prior year.

A webcast replay is available on the Visa investor website.

First Data Releases January 2012 SpendTrend

First data logo 140x60pxFirst Data has released its First Data SpendTrend analysis for the full month of January 2012 compared to January 2011.

Overall year-over-year dollar volume growth was 7.0% in January, while overall transaction growth was 7.2%. Mild winter weather nationwide resulted in lower energy demands, providing consumers with additional income to spend at retailers.

SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.

Survey Says Many "Paperless" Consumers Still Receive Paper Statements

NACHA logo 140pxA new study released today by NACHA and PayItGreen says nearly 30% to 40% of consumers who receive their financial statements and bills online also receive paper versions. The study finds that this trend surprisingly exists primarily among Gen Y and Early Adopters.

FiTeq Introduces Dynamic Card Authentication Solution

Fiteq logo 140x60pxFiTeq Technologies announced the launch of "the first payment card that incorporates an approved EMV payment applet in combination with the FiTeq Energizer Stripe enabling a unique cryptogram (FiTeq Transaction Specific Code) to be created within the magnetic stripe data packet for each transaction."

Virtual Piggy Announces New Payment App for Apple iOS Devices

Virtualpiggy logo 140pxVirtual Piggy announced the release of its mobile iOS app, which allows parents and kids to manage their Virtual Piggy accounts on their Apple phones and tablets.

“Kids are very comfortable with e-commerce and over a third of kids 8-11 now have their own mobile device and that number is rising,” said Virtual Piggy Executive, Catherine Williams. “The Virtual Piggy app brings our secure online payment method to the platforms where kids spend the majority of their time.”

UChoose Rewards Offers New In-Store Pick-Up Redemption Options

Fiserv logo 60pxh Fiserv has announced new redemption options for its award-winning UChoose Rewards program. "UChoose Rewards supports both consumer and small business market segments for both debit and credit card programs. It is an innovative program that allows financial institutions to select from merchant-funded, issuer-funded or a blended rewards programs."

Visa Introduces Suite of Mobile Services for U.S. Financial Institutions

Visa logo 60pxh Visa announced that it has extended its issuer processing platform, Visa DPS, to offer mobile services that are fully managed by Visa and can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account.

“The services offered by Visa DPS are a one-stop solution for Visa clients who want to serve their customers through the mobile channel without making significant investments in hardware, software or mobile expertise,” said John Partridge, President, Visa Inc. “Through our ongoing investments in Visa DPS, our clients can not only take advantage of Visa’s scale and expertise in payments processing, but also have the opportunity to easily implement Visa’s extensive roadmap of mobile innovations – from mobile banking, to NFC payments, and to our digital wallet, V.me.”

Gemalto Offers U.S. Banks Seamless EMV Issuance Services

Gemalto logo 140pxGemalto has announced its in-branch Dexxis EMV instant issuance card solution for U.S. banks, designed to "streamline and accelerate EMV migration. Dexxis instant issuance allows banks to immediately issue and activate initial and replacement cards directly at the physical bank branch location, rather than sending personalized cards to end users via postal mail."

MasterCard Partners with Silver Tail Systems to Combat Online Fraud

MasterCard logo 140pxMasterCard Worldwide and Silver Tail Systems announced a new exclusive relationship that will focus on combating online fraud.

“Online fraud resulting from malware, viruses and criminal-controlled bots is a serious concern for both merchants and consumers,” says Johan Gerber, Group Head, Global Network Products for MasterCard Worldwide. “With the increased sophistication of these fraud attacks, merchants are finding it more difficult to distinguish between good customers and criminals. Our relationship with Silver Tail Systems allows us to extend beyond the traditional fraud detection methods and provide merchants with a strong defense against fraud, while improving the consumers’ online experience.”

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