CardWeb.com’s CardExecs database of card industy movers and shakers today features Lucas Duplan, Chief Executive Officer of Clinkle. Clinkle is a mobile payments startup company.
If there was ever a time for consumers to embrace mobile payments, then that time is nigh. Apple’s entry into the field sends a clear signal that mobile payments are here to stay.
Co-branded credit cards are mature products ripe for change. A new report suggests some nuances are beginning to emerge as both issuers and brand partners seek differentiation within this homogenous product set.
CardWeb.com’s CardData financial database projects Visa will report $1205 million in profits for the third quarter. Visa announced today it will release its latest quarterly results on October 29th after the market close. MasterCard will report on October 30th before the market opening.
One week after announcing it will become a separate company and hiring a big gun from American Express to be CEO, PayPal is feeling the heat from the emergence of Apple Pay. This morning PayPal is encouraging its 152 million active registered accounts to download a NFC App to turn their mobile phone into a payment device.
While most segments of the payment card issuing business are saturated with targeted products, there remains a potentially lucrative market segment that has not been fully developed. The “Near Prime” segment represents new card account applicants who live on the border of becoming prime, but they are just not yet there.
3PEA International is introducing a new brand of prepaid debit cards. The new PaySign cards will reach into other industries, beyond the Company’s current focus on healthcare-related businesses.
Toronto-based FreshBooks, a cloud accounting solution provider, has added its own online payments to its platform. FreshBooks will use the WePay payment processor.
Inov8 has signed a deal to promote Emerging Markets Payments’ (EMP) third party card processing services in Pakistan and provide logistical and other in-country support. There are 100 million Pakistanis that have a phone but no access to financial services.
The largest provider of private label credit cards in the U.S. has added Select Comfort to its portfolio. Synchrony Financial (f/k/a GE Capital Retail Finance) signed a multi-year agreement with Select Comfort Corporation for the card program which offers a number of financing options.
Paris-based Ingenico Group has closed on the acquisition of Amsterdam-based GlobalCollect. The deal announced in July was for US$1.1 billion.
Montreal-based DebitWay released a Bundle feature in conjunction with the launch of its New Master Merchant Control Panel. The Company is a Certified Payment Provider of INTERAC Online Payment (IOP) solution.