Worldpay and Paymetric have buddied up to launch a payments solution that will help businesses trade globally by integrating payments technology with ERP, CRM and legacy applications to reduce risk, cost and inefficiency.
San Francisco-based Xoom, being acquired by PayPal, has launched its money transfer service to Hong Kong. This bank deposit service allows immigrants from Hong Kong and other individuals to conveniently send money online to bank accounts in Hong Kong with their U.S. bank accounts, credit cards, or debit cards.
A new survey has found 68% of mobile payment users report that they are using the alternative payment methods more than last year and 87% of consumers surveyed think merchant-specific gift cards are convenient to use, even higher than bank-connected debit cards (82%).
While the average yield for U.S. Visa and MasterCard-branded credit cards, issued by the top four issuers, declined 10 basis points (bps) sequentially (QOQ) in the second quarter to 11.44%, the peer group has bumped up by 6 bps year-on-year (YOY). In Q2/15, Chase was the only top issuer with an increase in yield QOQ, according to CardData.
In today’s CardFlash News Que: ACI (IRS); FIRST BANKCARD (Best Western); TOMAHAWK (Text2ParkMe); and PASSPORT (Cincinnati).
Capital One second quarter earnings of $830 million were significantly impacted by a $147 million restructuring charge, earnings were further offset by a $41 million build of litigation reserves relative to the company’s U.K. Payment Protection Insurance reserve.
Later this summer, Burger King will expand its use of MasterPass to its app which offers exclusive deals and allows users to locate the nearest restaurant, explore the menu, and pay directly with their phone. Starting this fall, Firehouse Subs will begin accepting MasterPass too.
Toronto-based CanadianForex has launched the “Forex Money Transfer,” the latest advance in currency transfer apps. Forex Money Transfer enables consumers on-the-go to send money in 48 currencies to friends, family and merchants around the globe.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the CardWeb.com’s the Western Union TV Spot, ‘Rio 2’.
CardWeb.com’s CardConferences today features the R2 Retail Reinvention, August 4-5 conference at Chicago
U.S. Bank has inked a major deal with Adelman Travel, through which Adelman will offer U.S. Bank’s suite of corporate payment products, including its virtual payment technology, to corporate payment clients.
CardWeb.com’s CardData database of Company Profiles today features KOAMTAC.