With the help of MasterCard and Commerce Bank, FL-based Sustain:Green has created a new biodegradable MasterCard rewards program for cardholders with carbon offsets for their everyday purchases to help fund Mata no Peito rainforest preservation projects in Brazil.
The mobile wallet market in Europe is about to explode and grow at a compound annual growth rate (CAGR) of 32.87% between now and 2019. Increased collaboration among mobile operators is one of the key drivers of the market.
Anyone paying attention knows credit unions and banks have had their card interest income business models under siege since 2008. So it no surprise that renewed attention has been turned instead to fee income models, and ways to boost that increasingly important revenue stream.
JetPay Payment Services and Cardis USA launched of a new small payments processing solution. JetPay is a full end-to-end payments processor specializing in complete technology solutions for the e-commerce and card-not-present (CNP) marketplace. Cardis is a developer of low-value payment processing solutions.
While credit card ownership remains relatively flat, user demographics are changing as young adults return to credit card use. Over half of young adult in the U.S. now use credit cards, especially the 25-34 year olds, who now are as likely as average to do so.
In a payment card industry first, Clements Worldwide and the State Department Federal Credit Union (SDFCU), have teamed to offer a credit card-based term life insurance program.
Kansas City-based Commerce Bank is now offering a Visa Rewards credit card program in affiliation with Southern Illinois University (SIU) Alumni Association, North Dakota State University (NDSU) Alumni Association and Tennis Express.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Robert Hammer, CEO and Founder of R.K. Hammer.
Citibank faced a rough 2014 as fourth quarter (Q4/14)net revenues declined 8% sequentially (Q/Q) and flat year-on-year (Y/Y) to $16.5 billion. Citi’s Global Consumer Banking business declined 2% Q/Q and flat Y/Y to $9.5 billion for Q4/14.
The majority of respondents in a new mobile payments market study said they use mobile phones for payment transactions. About 31% of customers anticipate an increase of 5%-25% in payments through mobile phones over the next six months.
INSIDE Secure as signed an agreement with Entrust Datacard to participate in their Card Validation Program (CVP). Entrust Datacard offers solutions ranging from the physical world of financial cards, passports and ID cards to the digital realm of authentication, certificates and secure communications.
A new customer case study of Xpress Bill Pay’s use of Prime Factors’ EncryptRIGHT data protection and enterprise crypto key management capabilities has been released. Prime Factors encryption and tokenization product is well regarded in the payments industry.