The BBVA Compass NBA American Express Card has officially hit the court and so far it is an easy dunk for NBA fans. The new card is the first payment card bearing the global NBA brand.
In today’s CardFlash News Que: QCard (EMVCo); Acumera (ZipLine); Net Element (PayOnline) and Passenger (Giftbit).
Germany’s Wirecard and Drillisch have inked a mobile payments strategic cooperation agreement to launch a mobile payment solution. The new boon payment system will be launched in August.
Mumbai-based Money-On-Mobile continues to rack up strong numbers in usage for its mobile payments service. The company, a subsidiary of Dallas-based Calpian, had 8.3 million total users in February, with 4.04 million repeat users.
Prepaid card specialist Blackhawk Network has been issued a patent that covers the DirectSpend RAN program and equivalent methods of filtering transactions. Blackhawk also owns a variety of patents that apply to e-wallet technology, swipe reload technology, card network processing, digital gift card delivery, gift card exchange, and card security technology.
Gemalto has inked a major deal with Pellegrini to supply EMV digital meal vouchers. Pellegrini is a leading issuer of meal vouchers delivering 35 million units every year.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Greg Cohen, President of iPayment.
Oberthur Technologies, based in France, is investing in its manufacturing hub in Shenzhen to boost production capacity for its display and dynamic CVV (dCVV) cards. Shenzhen, which is strategically located at the heart of one of the largest global electronic ecosystems.
Citi announced it will be consolidating the Office Depot and OfficeMax retail credit credit agreements into one program, following the announced merger of Office Depot and OfficeMax. Citi Retail Services previously provided credit solutions to both retailers prior to the integration.
RI-based Citizens Bank has unveiled a new credit card offering up to 1.8% cash back with no annual fee and none of the category restrictions or caps on rewards often found with other rewards cards.
After a rocky road with prior credit card partnerships, Charles Schwab is setting its hopes on a new co-brand relationship with American Express. The two companies inked a multi-year deal to issue two new premium co-branded cards, presumably a charge card and a credit card in early 2016.
MasterCard’s (MC) global gross dollar volume (GDV) rose 6.0% on a nominal U.S dollar basis in 2014, but currency adjusted is up 12.9% year-on-year (YOY). The European and Latin America Caribbean regions are the big drivers behind the growth. RAM Research projects MC global GDV will log in around $1110 billion in Q1/15.