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  • Friday, November 4, 2011

    Earnings reports reveal strong payments industry

    Reports released by major card brands and payment processors show continued growth in earnings and transaction volume. Card companies Visa Inc., MasterCard Worldwide and Discover Financial Services, as well as alternative payment provider PayPal Inc., reported robust increases over 2010 in their latest quarterly reports.

    Payment processing companies Heartland Payment Systems Inc., First Data Corp. and Total System Services Inc. (TSYS) also reported healthy growth and increased confidence in the long-term strength of its business.

    Following are some of the companies' reported earnings data and perspectives on their results. Categories used were provided by the companies and are not uniform.

    Card brands

    Visa fourth quarter results, released Oct. 26, 2011:

    Visa 2011 earnings results, released Oct. 26, 2011:

    MasterCard third quarter earnings results, released Nov. 2, 2011:

    Discover third quarter earnings results, released Sept. 22, 2011:

    Acquirers/processors

    First Data third quarter earnings results, released Nov. 2, 2011:

    TSYS third quarter earnings results, released Oct. 25, 2011:

    Heartland third quarter earnings results, released Oct. 27, 2011:

    Alternative payment provider

    PayPal third quarter earnings results, released Oct. 19, 2011:

    Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.

    Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.

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