FL-based ZipLine, a merchant-branded mobile and ACH payment solutions provider offering consumers instant rewards at the pump and POS, announced the appointment of consumer loyalty and payments veteran Roger Brooks, as Senior Vice President of Business Development.
Brooks Brothers and Citi Retail Services have inked a new multi-year credit card relationship. As part of the agreement, Citi Retail Services, a unit of the 203-year-old global bank, will provide private label and co-branded credit cards for the nearly 200-year-old retailer.
Seamless’ mobile payment service SEQR, which this spring has become established as one of Europe’s leading mobile payment solutions, is continuing its rapid roll-out into new markets. Having been introduced in a number of European countries in the spring, a couple of weeks ago the service was launched in the US and now it’s the UK’s turn.
The recent loss of Ed Gilligan at American Express has spurred CEO Ken Chenault to make major changes. The changes include the realignment of several businesses and reporting lines.
NAFCU Services Corporation has selected Velocity Solutions as their exclusive, Preferred Partner for a new checking account revenue solution, My Rewards Premium Cards.
About 46% of Canadian consumers prefer to pay using their credit cards more than any other payment method, compared to 34% in 2014. Nearly 30% indicated they were highly interested in the ability to use a mobile phone to stop an unauthorized transaction.
Six members of the European Automated Clearing House Association (EACHA) have joined forces to deliver centralized and optimized processing services for SEPA transactions. For this purpose they have set up a new company called European Clearing Cooperative (ECC).
The charge-off ratio for the top 100 U.S bank credit cards has been slowing edging upward, rising 10 basis points (bps) in the fourth quarter and 1 bps in the first quarter. RAM Research projects charge-offs will rise to 3.02% for the second quarter.
The 30+ day delinquency ratio for U.S bank credit cards continues to hover at a 25+ year low for the past two quarters and hit the lowest level since 1986. However, RAM Research projects early stage delinquency will rise 4 basis points for the second quarter.
In today’s CardFlash News Que: NAB (award); MYCHECK (Twin Peaks); FISERV (PBC CU); and BLUESNAP (Sensibo).
More than 50% of retailers in the US and Europe still have to consolidate their fraud management solutions across all channels. Omni-channel retail sales are predicted to reach $1.8 trillion (£1.1 trillion) in the US by 2017, with sales in Europe predicted to hit €920 billion (£660 billion), or 44%of total European sales, by 2018.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Mr. Tinfoil – Westpac TV Commercial Ad.