GA-based acquirer TSYS reported a solid first quarter as total revenues for hit $662.2 million, an increase of 11.7% over the prior year.Income from continuing operations was $77.8 million, a whopping year-on-year (YOY) increase of 57.7%.
MasterCard (MC) first quarter profits rose 17.2% year-on-year (YOY) or 24.0% on a currency adjusted basis (FX) to a record $1020 million. Global purchase volume rose 12% (FX) to $783 billion and end-of-period (EOP) global cards-in-force (CIF) hit 2.2 billion.
In today’s CardFlash News Que: DISCOVER (Apple Pay); CHARGE PAYMENT (i3Verticals); CALLAHAN/TRK (CCMS); and FREELANCER.COM (escrow.com).
Synchrony Financial was recognized with three awards at the 8th annual Loyalty 360 Expo in Orlando, Fla. for its Sam’s Club 5-3-1 cash back credit card program. Synchrony also inked a long-term agreement with Stash Hotel Rewards to provide a co-branded credit card program.
CardWeb.com’s CardData Reports today features the 2015 Identity Protection Services Scorecard – Direct-to-Consumer Market report from Javelin Strategy & Research.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the American Express “Apple Pay” spot.
Citi Prepaid Services is teaming with Enservio to offer prepaid cards as part of a holistic offering that services prominent insurance carriers. Citi Prepaid Services will supply custom designed, fully-functional prepaid cards tailored for Enservio whose ReStore Payments platform provides policyholders a variety of options from cards to electronic fund transfers that efficiently deliver claim payments.
CardWeb.com’s CardData database of Company Profiles today features Vormittag Associates, Inc (VAI), a specialist in ERP software.
PA-based USA Technologies (USAT) has inked a multi-year agreement strategic deal with Chase Commerce Solutions (CCS). The agreement will give USAT a bigger reach for products and services domestically as well as outside the U.S and CCS will gain access to a new customer base via the unattended self-service retail market space.
A portfolio of 15 U.S. granted patents and 9 applications, disclosing a comprehensive set of systems for improving and securing the existing payment card system is going up for sale. It contains the work of inventor Moon J. Kim, a former IBM Master Inventor and named inventor on over 120 patents.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jennifer Miles, President, Verifone Americas.
A NH-based t-shirt manufacturing company has signed-up to accept credit cards and multiple cryptocurrencies. The Mountain, with $40 million to $50 million in annual sales, will now accept credit cards and multiple cryptocurrencies.