The Banking and Strategy Initiative

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Tag Archives: Debit card

Life takes Visa, esp within the United States | Earnings Insight

While Mastercard enjoyed $3.1 tln in transactions in 2011 and $1.1 tln was spent on its debit cards, Visa grew 20% over 2010 to grow to $6tln in 2011, its … Continue reading

February 8, 2012 · 2 Comments

Understanding China’s prop. payments systems..Citi introduces Credit Cards | Bank insight

The Citi consumer bank decided to get a little more adventurous in its 56 branch business in China with approvals for its credit cards business to operate in the mainland … Continue reading

February 6, 2012 · 2 Comments

When everything else fails, there’s Mastercard | Earnings Insight

Though the earnings growth may be unseemingly low at 20%, Mastercard’s growth to $2 Tln in purchase volume on Credit Cards in 2011 and $1.1 Tln on Debit cards is … Continue reading

February 2, 2012 · 4 Comments

Coming up: Mastercard vs Visa? Or just more prepaid/charge cards

Mastercard’s 44% rise made it the #4 best performing stock in the US in 2011 despite not being allowed in the $2.3 tln payments industry in China and running behind … Continue reading

January 21, 2012 · 3 Comments

Bank of America settles overdraft charges, to sell CCB stake

The Bank was embroiled in a suit with its customers for over $1 bln in overdraft fee charges. Yesterday in Miami the court ruled in favor of the acountholders (Bloomberg)U.S. … Continue reading

November 8, 2011 · 2 Comments

US regulation: Dodd Frank Act-Dimon gets Durbin gets Dimon

Sorry Debit Card Fee limits are all set to become law even as CFTC itself argues against taking $6000 trln OTC derivatives to the exchanges Despite Dimon’s frontal attacks equally … Continue reading

April 13, 2011