UnionPay International and AirAsia jointly announced all the websites, flights and chain hotels under AirAsia has started to accept payment with UnionPay cards, deepening cooperation between the two sides in card acceptance and issuance to provide cardholders with more convenient, secure and preferential services.
Synchrony Financial reported its card platform revenue increased 5%, driven primarily by purchase volume growth of 10% and period-end loan receivables growth of 7%, with broad-based growth across partner programs. Payment Solutions platform revenue increased 8%, driven primarily by purchase volume growth of 10% and period-end loan receivables growth of 11%, with solid growth across industry segments led by home furnishings, automotive products, and power equipment.
American Express U.S. Card Services reported first-quarter net income of $934 million, up 7% from $876 million a year ago. Total revenues net of interest expense increased 6 percent to $4.5 billion from $4.3 billion a year ago. The increase reflected a 7% rise in cardholder spending and higher net interest income.
In today’s CardFlash News Que: ACI (Innovation); MarketReportsStore (India); PAYPAL (Europe); and
The National Geographic Society and First Bankcard, a division of First National Bank of Omaha have launched the new National Geographic Visa Card. Cardholders earn exclusive savings on National Geographic products and experiences while supporting the Society’s global exploration, conservation, research and education programs with every purchase.
Team One Credit Union, Saginaw, MI and MShift have begun pilot testing MShift’s patented AnyWhereMobile mobile payment network (AnyWhereMobile) with a locally owned restaurant in Saginaw.
CO-OP Financial Services inked an agreement to purchase from a subsidiary of Fidelity National Information Services its shares in Everlink Payment Services which will give CO-OP majority ownership of the Canadian payments solutions and services provider to credit unions, banks and ISOs in Canada.
CardWeb.com’s CardData database of Company Profiles features Ingo Money.
CardWeb.com’s CardConferences today features the CARDS & PAYMENTS MIDDLE EAST 2015, conference, May 12-13 at the Dubai International Convention & Exhibition Centre in Dubai.
American Express and Jawbone have joined to give eligible U.S. American Express Card members the ability to tap to pay with the new Jawbone UP4 fitness tracker anywhere American Express contactless payments are accepted in the USA.
First National Bank (Slayton, Minnesota), and First National Bank (Davenport, Iowa), now offer the BlazePays Visa Prepaid Cards powered by Capital Prepaid Services. Under the banks’ agent programs which are managed by Capital Prepaid Services, these Minnesota and Iowa banks are now able to cost-effectively tap into the prepaid market, which is one of the fastest growing payment markets.
EVO Payments and Boomtown, a San Francisco based provider of on-demand tech support for small to medium-sized businesses (SMB), inked a partnership that will provide push button IT support for POS developers and their SMB customers.