Despite hearsay from consumers, recent surveys show the majority of consumers would like to receive gift cards instead of physical gifts. However, about 30% said they feel guilty asking for them.
Three of the top credit card issuers beefed up provisions for credit card losses in the third quarter. Reports suggest late stage delinquency metrics may be signaling a possible inflection point in credit loss performance.
Credit Unions are jumping aboard the switch to EMV credit cards. MI-based Community Choice Credit Union is among the first with its new
Visa Signature CashBack credit card.
PayStand has streamlined its electronic check (e-Check) payment option so it is easier, and lower cost, to pay this way than by credit card.
Transaction fees are fixed, and start at 25 cents.
RewardsPay has teamed up with Coinbase
to allow customers to easily pay for thousands of products at leading online merchant sites using the Bitcoin digital currency. Heels.com, the world’s premiere source for women’s shoes, is among the leading merchant partners accepting bitcoin through RewardsPay.
WorldRemit launches its global money transfer App for iPhones. WorldRemit for Android has been downloaded more than 10,000 times and entered the Top 20 Financial App charts in nine countries – more than any other money transfer service- in just the past few weeks. The company is confident it will see the same returns for the iOS solution. WorldRemit is also a leader in sending money to mobile devices. The addition of iOS and Android Apps further enhances WorldRemit’s mobile-to-mobile offering with smartphone users in one part of the world able to transfer instantly to Mobile Money accounts on the other side of the planet.
The number of online payment users in China neared 300 million in June 2014, while mobile payment users topped 200 million. The market is dominated by local third party payment providers, such as Alipay and Tencent. However, 99Bill, Lakala Payment and China PnR are expanding.
Avalara and GlobalCollect have formed a strategic partnership to provide payment and indirect tax compliance services to e-commerce companies looking to trade cross-border.
A basket of Blue Pay NFC and QR patents are up for sale. ICAP Patent Brokerage is handling the early December sale.
Yodlee was recognized as a winner of the Citi Mobile Challenge Latam 2014 from more than 50 finalists. The Citi Mobile Challenge is a global initiative whose goal is to find the best developers that are reimagining the financial technology industry. The Yodlee application for the Citi Mobile Challenge Latam invoked aggregation and voice technology to create an integrated user experience across multi-national geographies, accounts, and currencies to facilitate better money management, money movement, and more personalized Citi interactions with consumers and small businesses with global needs.
CardWeb.com’s CardExecs database today features Paul Hermelin Chairman and CEO of the Capgemini Group.
Blackhawk’s gift card exchange network has signed LevelUp as a new client. For Cardpool the agreement provides a new channel for acquiring unused gift cards.