CardWeb.com’s CardExecs database of payments industry movers and shakers today features Steve Fredette, President & Co-founder of Toast.
The Starwood Preferred Guest (SPG) Credit Card from American Express has been beefed-up with a new design and extra benefits. Among the new benefits: No Foreign Transaction Fees; Complimentary, Unlimited Boingo Wi-Fi; Complimentary Premium In-Room Internet Access; and Access to Sheraton Club Lounges for SPG American Express OPEN Card Members.
PA-based Rite Aid says nearly 4,600 stores of the Company’s nationwide will begin accepting mobile payments, including Apple Pay and Google Wallet, starting Saturday, August 15. The Company will also accept Google’s forthcoming Android Pay. Additionally, all Rite Aid stores will also accept tap and pay credit and debit cards.
China’s UnionPay has signed a cooperative agreement with Maldives Airport Company Limited. Maldives Airport Company Limited is responsible for the operation of Ibrahim Nasir, the only international airport in local as well as the daily operation of airport duty-free shops.
PA-based Rite Aid says nearly 4,600 stores of the Company’s nationwide will begin accepting mobile payments, including Apple PayT and Google Wallet, starting Saturday, August 15. The Company will also accept Google’s forthcoming Android Pay. Additionally, all Rite Aid stores will also accept tap and pay credit and debit cards.
Purchase transactions (PTX) for U.S. Visa and MasterCard credit cards rose 11.7% year-on-year (YOY) in the second quarter to 5908 million. PTX for U.S. Visa and MasterCard debit cards rose 7.0% YOY in Q2/15 to 12986 million. Both metrics have been slowing over the past year.
Charge-offs among the nation’s top 6 issuers dropped 22 basis points (bps) year-on-year (YOY) to 2.81% for the second quarter, and down 16 bps sequentially. Bank of America (BofA) has done the best job of reigning in card losses, dropping 43 bps YOY.
In today’s CardFlash News Que: OBERTHUR (blog); THREATMETRIX (awards); CASHSTAR (speaker); and HEARTLAND (speaker).
MS-based Renasant MasterCard debit cardholders now have access to payments through Apple Pay. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad Mini 3.
CardWeb.com’s CardData Reports today features the Cards and Payments Industry in Brazil report by Timetric.
Humboldt Merchant Services is funding Operation Underground Railroad (OUR) and Vista Maria. These two world-class organizations are dedicated to the eradication of human trafficking and sex slavery.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Bank of America Cash Rewards Card TV commercial, “Discover” featuring Sig Hansen.