JPMorgan Chase has reported financial results for the fourth quarter 2011.

• For its Card Services unit, Chase reported net income of $1.1 billion, a decrease of $497 million, or 32%, compared with the prior year. The decrease was driven by a $1.7 billion lower reduction in the allowance compared with the prior year, predominantly offset by lower net charge-offs.
• Excluding the Washington Mutual and Commercial Card portfolios, Card Services net revenue as a percentage of average loans was 11.64%, compared with 11.78% in the prior year and 11.68% in the prior quarter.
• Excluding the Washington Mutual and Commercial Card portfolios, Credit Card sales volume was $91.0 billion, up 9% compared with the prior year and 7% compared with the prior quarter; excluding also the impact of the Kohl's portfolio sale, sales volume was up 14% compared with prior year.

On the web:

• Simply Tap Mobile Payment Service Rolled Out by UK Retailers - Computer Weekly

On the wires:

• AmEx Launches American Express for Target Prepaid Card in More Than 1,000 U.S. Target Stores
• Chase Paymentech Launches of Safetech Fraud Tools in Europe

On the web:

• Google’s NFC Wallet Predicament - NFC Times
• Mobile Payments Arrive on BlackBerry Phones - NFC World
• Understanding the Durbin Amendment: A Fun Timeline InfoGraphic - NerdWallet

On the wires:

• CashStar Secures $12 Million in Funding
• Chase Paymentech Launches Safetech in Canada
• SafetyPay Partners With Brazil’s 6th Largest Bank, HSBC Bank Brazil
• VeriFone Announces H5000 Hybrid Terminal with Swipe, EMV, and NFC Support
• AccountNow Customers Can Conveniently Access MoneyGram’s Global Network While Online
• iSend Passes Milestones on Way to Global Coverage in Cross-Border Electronic Payment Services
• Aconite Launches Mobile Application Management Solution For Secure Elements
• Tru.ly Launches First Ever Age Verification API Based on Government Issued Data
• Paytoo Expands Its Presence in Latin America

JPMorgan Chase has reported financial results for the third quarter 2011.

• For its Card Services unit, Chase reported net income of $849 million, compared with $926 million in the prior year.
• Excluding the Washington Mutual and Commercial Card portfolios, Card Services net revenue as a percentage of average loans was 11.68%, compared with 11.33% in the prior year and 11.95% in the prior quarter.
• Excluding the Washington Mutual and Commercial Card portfolios, Credit Card sales volume2 was $84.8 billion, up 10% compared with the prior year and 2% compared with the prior quarter; excluding also the impact of the Kohl’s portfolio sale, sales volume was up 14% compared with prior year.

Chase Paymentech merchant processing volume was $138.1 billion, up 18% from the prior year and 1% from the prior quarter; 6.1 billion total transactions processed, up 17% from the prior year and 3% from the prior quarter.

JPMorgan Chase has reported financial results for the second quarter 2011.

• For its Card Services unit, Chase report net income of $911 million, compared with $343 million in the prior year. The improved results were driven by a lower provision for credit losses, partially offset by lower net revenue.
• Excluding the Washington Mutual and Commercial Card portfolios, the net charge-off rate was 5.28%, down from 9.02% in the prior year and 6.20% in the prior quarter; and the 30+ day delinquency rate was 2.73%, down from 4.48% in the prior year and 3.25% in the prior quarter.
• Excluding the Washington Mutual and Commercial Card portfolios, sales volume was $83.1 billion, up 10% compared with the prior year and 11% compared with the prior quarter

Chase Paymentech merchant processing volume was $137.3 billion, up 17%, on 5.9 billion transactions processed.

On the wires:

• Bernanke: Unable To Issue Debit Card Fee Rules By April 21
• Citi ThankYou Rewards Gives Members New Ways to Enjoy Their Points
• Ten New Retail Brands Join the Popular eBillme Gift Card Mall
• Ceridian SVS Partners with Spanish Supermarket Giant for Gift Card Program
• Utiba Americas Wins Mobile Wallet Project From Central Bank of Ecuador
• Leading Financial Institution Partners with Panini and Cachet to Deliver RDC to Mac Users

On the web:

• Wall Street Journal: Canadian Banks, Visa, MasterCard To Face Potential Class Action Suit
• Credit Slips: More Bogus Lobbying Numbers from the Banks: Debit Interchange Rates
• Mobile Commerce Daily: Sonic Drive-In rolls out mobile ordering pilot program in 71 locations
• MSNBC: New $5 ATM Fee Just the Latest Checking Trap
• MyBankTracker: Chase Paymentech Offers Chase Instant Storefront For Small Businesses
• The Atlantic: What $1 Looks Like in 15 Other Currencies - Real and Virtual

Chase Paymentech has announced the launch of Safetech™ Fraud and Security Solutions, a new suite of services designed to protect online merchants from fraud and POS merchants from data breaches.

“Chase Paymentech is wise to bring together these much needed solutions to their merchants,” said Carol Coye Benson, managing partner at Glenbrook Partners. “We now live in a world where managing risks associated with payment fraud and data security is part of the daily routine for merchants everywhere. By closely integrating these tools with the payment processing work streams, the Safetech approach makes the process more efficient.”

JPMorgan Chase has reported financial results for the fourth quarter 2010.

• For its Card Services unit, Chase report net income of $1.3 billion, compared with a net loss of $306 million in the prior year.
• Excluding the Washington Mutual portfolio, the net charge-off rate was 7.08%, down from 8.64% in the prior year and 8.06% in the prior quarter; and the 30-day delinquency rate was 3.66%, down from 5.52% in the prior year and 4.13% in the prior quarter.
• Excluding the Washington Mutual portfolio, sales volume was $83.2 billion, an increase of $7.5 billion, or 10%.

Chase Paymentech Europe has announced results on an independent national merchant survey, finding that "79% financial directors thought that their CNP payment capability had developed in a less than ideal way; a figure which rose to 94% in large organizations. The research also found that 68% of merchants still relied on manual CNP payment processing, requiring staff to process and reconcile CNP data manually, placing a huge strain on finance departments." It's even worse for cross-border sales.

Chase Paymentech Europe has announced results from a national survey today exploring the challenges faced by UK firms in ‘Customer Not Present’ (CNP) payments. The survey conducted for Chase Paymentech by independent research company, Dynamic Markets, showed that 30 percent of the 200 businesses questioned had international growth plans within the next one-to-two years, but that most did not have the payment systems in place to properly support European customers. READ MORE »

VeriFone Holdings has announced that Chase Paymentech has been selected as the preferred provider of new merchant accounts for buyers of VeriFone’s PAYware Mobile iPhone card payment solution sold through Apple Retail Stores and the Apple Store online beginning April 6. READ MORE »

Chase Paymentech and Aria Systems have announced an agreement to "offer merchants a solution that combines Aria's SaaS based billing platform with the security, reliability, and broad currency support of Chase Paymentech." READ MORE »

Javelin has announced a new report titled "End-to-End Encryption, Tokenization, and EMV in the US: Vendor Analysis of Emerging Technologies and Best Hybrid Solutions" that "assesses the capabilities of end-to-end encryption, tokenization, virtual terminals, magnetic-stripe security and the EMV standard as solutions to combat payment-related data breaches." READ MORE »

Chase Paymentech has announced the final results of its Cyber Holiday Pulse Index that tracked daily online shopping activity throughout the 2009 holiday shopping season.

According to the company, "for 2009, the number of online shopping transactions soared 30 percent over 2008, while total sales volume increased 17.3 percent. The difference in these two numbers can be attributed to the decline in average ticket value, which dropped 9.8 percent." READ MORE »

Chase Paymentech has updated its Pulse Index to reflect results from November 5 through yesterday. During the holiday season, Chase Paymentech monitors the daily settlement activity of 50 of the largest 250 Internet retailers, as defined by the Internet Retailer Top 500, to create the Pulse Index.

If you scroll down on the page, you'll see the full timeframe - with the peak shopping days being each Tuesday for the three weeks prior to Chrismas. From a sales standpoint, 2009 was slightly ahead of 2008 while transactions grew significantly. A lower average ticket in 2009 pulled down the sales comparison to last year.

In a post titled "It's the Online Holiday Season!" over on our sister blog PaymentsViews.com, Glenbrook's Russ Jones takes a look at some of the statistics regarding online eCommerce sales this holiday season.

Russ notes that "we’re wondering if this season might represent a significant inflection point in the shift towards online retail?"

The Chase Paymentech Cyber Holiday Pulse Index reports that, for the first five shopping days following Thanksgiving, online transactions were up 32 percent, and sales were up 24 percent. At the same time, the decline in the average customer’s ticket value was cut in half, from approximately 12 percent to 6 percent. According to Paymentech, "this result is unexpected when considering that this five-day stretch included aggressive Black Friday and Cyber Monday promotions." READ MORE »

Chase Paymentech has launched an updated version of its Cyber Holiday Pulse Index to track online shopping activity throughout the 2009 holiday shopping season. Chase Paymentech says its Pulse Index this year will track over one million payment transactions made daily at 50 of the top U.S. retail Web sites as ranked by Internet Retailer magazine. READ MORE »

Chase Paymentech has announced a joint initiative with VeriFone and Semtek to provide end-to-end encryption technologies for merchants to combat threats to security. The companies said they "will work together to market and distribute VeriFone’s VeriShield Protect solution to the Chase Paymentech base of retail merchants. The end-to-end encryption solution is designed to help merchants reduce the costs to comply with Payment Card Industry (PCI) requirements and associated security risk by protecting card information from the point of swipe to the Chase Paymentech authorization host." READ MORE »

JP Morgan Chase has reported financial results for the third quarter of 2009 - reporting net income of $3.6 billion, compared with net income of $527 million in the third quarter of 2008.

Chase Card Services reported a net loss of $700 million, a decline of $992 million from the third quarter of 2008. End-of-period managed loans were $165.2 billion, a decrease of $21.3 billion, or 11%, from the prior year and $6.3 billion, or 4%, from the prior quarter. Card charge volume was $82.6 billion, a decrease of $11.3 billion, or 12%, from the prior year. Merchant processing volume at Chase Paymentech was $103.5 billion, on 4.5 billion total transactions processed.

Chase Paymentech and Revolution Money, operator of the RevolutionCard payment network, have announced that Chase Paymentech's processing platforms now enable the acceptance of RevolutionCard transactions for online and retail merchants. Revolution Money says it "currently operates the largest PIN-based acceptance network for credit card purchase transactions in the U.S." READ MORE »

Web.com has announced an agreement with Chase Paymentech to offer merchant payment processing solutions to small and medium-sized businesses Web.com customers will have access to multiple secure payment processing services including all major credit, debit and customizable gift cards. READ MORE »

Verifi, a provider of transaction risk management services for card-not-present merchants, has announced that the company has signed a preferred partner agreement with Chase Paymentech. "Verifi will recommend Chase Paymentech as a preferred merchant account provider to its merchant customers, and will provide its transaction risk management services, including chargeback prevention and management, to Chase Paymentech’s card-not-present merchants." READ MORE »

With holiday shipping deadlines now history for most e-commerce retailers, the Chase Paymentech Cyber Holiday Pulse Index continues to show an increase from last year. The Index, an annual measurement of online shopping activity during the holiday season, tracks e-commerce spending activity across a sample of 25 of the leading online merchants as listed by Internet Retailer. The measurement indicates both sales volume and transaction count for online purchases crossing Chase Paymentech’s global processing platforms. READ MORE »

Chase Paymentech's 2008 Pulse Index of online shopping activity shows that last Tuesday, December 16, was an all-time high record number of transactions. Since Tuesday, sales have tapered off, falling even below last year's and 2006's volumes on both Saturday and Sunday. The average ticket amount remains about 10 percent below last year's levels.

According to the 2008 Chase Paymentech Pulse Index, last Tuesday, December 2, was the peak online shopping day - surpassing sales on Cyber Monday, December 1. Both purchase transactions and sales volume were up significantly on Tuesday over last year's levels - but then fell off as the week progressed.

Yesterday, we highlighted Chase Paymentech's Pulse Index results for Cyber Monday - with ecommerce purchase transactions up 14.5% but actual sales volume up less than half of one percent. If you do the math on Paymentech's numbers, the average purchase amount has declined from $58.81 to $51.62 from 2007 to 2008.

This morning, Nielsen and comScore have both issued press releases talking about the growth in traffic to ecommerce sites on Cyber Monday. Nielsen is measuring web traffic, not actual purchases. comScore, however, is reporting a 15% increase in ecommerce sales - in conflict with the Pulse index results which is based upon seeing actual purchase activity from a sample of ecommerce merchants.

Chase Paymentech's Pulse Index reports that yesterday's Cyber Monday 2008 sales volume increased less than half a percent from last year, but transaction count was ahead of 2007 by 14.5 percent. This resulted in the average ticket size, or average dollar spent per transaction, decreasing 12 percent below last year.

"Cyber Monday was very interesting," said Aaron Press, Director of Market Analysis for Chase Paymentech. "Transaction volume was well ahead of last year for that day, but sales growth was meager. For the entire holiday season, the slower rise in sales volume compared to the steeper increase in transactions has resulted in the average ticket being lower on most days."

Chase Paymentech has launched its 2008 Cyber Holiday Pulse Index, an annual measurement of online shopping activity during the holiday season that tracks e-commerce spending activity across a sample of leading e-retailers. The measurement reflects the number of transactions and dollar value handled by Chase Paymentech’s global processing platforms. READ MORE »

Chase Paymentech has announced the results of a survey commissioned to provide insight into consumers’ attitudes towards gift cards. "The study, which polled 850 American adults, found that gift card awareness and usage remains very high, with nine in ten respondents having received or purchased a gift card. Additionally, two-thirds of respondents have bought at least one gift card within the past 12 months." READ MORE »