Nordstrom has closed on its credit card transaction with TD Bank U.S.A. The Company sold its credit card portfolio to TD for $2.2 billion span, representing the gross value of the outstanding receivables.
P97 Networks says its P97’s PetroZone Mobile Commerce and Digital Marketing Platform has been certified to integrate with Verifone’s cloud-based POS and site management software solutions”providing gas stations and convenience stores a combined, fully integrated solution for mobile payment acceptance in-store and at the pump.
First Data expects to raise $3.7 billion in its initial public offering. The deal involves 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share.
Sweden’s largest pharmacy chain has inked a deal with
Verifone to supply payment as a service solutions to Apoteket. The agreement means that Verifone has now supplied card payment solutions to all 371 pharmacies in Apoteket’s portfolio.
Online payments provider Checkout.com, and Diners Club report effective today all Checkout.com merchants will have the opportunity to accept sales from cards running on the Discover Global Network.
Riyad Bank, one of Saudi Arabia’s top financial institutions, is migrating its entire portfolio to Gemalto’s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country’s first contactless payment method.
Tokyo-based JCB is has adopted the popular Japanese robot cat Doraemon character as its new branding strategy in the Vietnam market. JCB will use Doraemon as the brand image character for promotion and brand advertisement in Vietnam until October 1, 2017.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 12.6% year-on-year (YOY) in the second quarter (Q2/15) and 8.6% sequentially. It is expected the same growth rate will apply for the third quarter says RAM Research.
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. is growing 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion. It is expected PDV for Q3/15 will also hit a record $1301 billion, according to RAM Research.
In today’s CardFlash News Que: AMERICAN EXPRESS (Sam’s Club); VISA CANADA (Foundation); SYNCHRONY (Graber); and EPC (Phoenix).
A seven city tour to celebrate the launch of Samsung Pay in the United States will get underway. Samsung will give consumers in Austin, Dallas, Atlanta, New York, Chicago, San Francisco and Los Angeles a special opportunity to unlock special offers and prizes through Samsung Pay.
Moneris Solutions has expanded its portfolio of EMV-capable solutions for merchants to accept EMV payments in the United States. Moneris’ EMV-capable product lineup features integrated and standalone solutions for merchants seeking net-new EMV payment solutions or terminal upgrades for existing point-of-sale (POS) systems.