WIPP and AmEx OPEN Comend Federal Government

WIPP and AmEx OPEN Comend Federal Government

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Women Impacting Public Policy (WIPP) and American Express OPEN have commended the U.S. Government’s achievement of awarding 5% of its annual federal contracts to women-owned small businesses. This is the first time since the goal was set more than twenty years ago. The five percent goal was put in place as…

AmEx & CFO Survey Worldwide Finance Executives

AmEx & CFO Survey Worldwide Finance Executives

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While U.S. finance executives are less optimistic than last year, their confidence in the U.S. economy remains above the global average of 65%. According to a new survey from American Express and CFO Research, 75% of U.S. finance executives report that their companies’ revenues are higher now than a year ago,…

GlobeSherpa Powers METRO Q Mobile Ticketing

GlobeSherpa Powers METRO Q Mobile Ticketing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GlobeSherpa continues to expand its mobile book-and-pay ticketing for public transit. The Metropolitan Transit Authority of Harris County (Houston METRO), has launched the “METRO Q Mobile Ticketing” mobile application. The new METRO Q Mobile Ticketing app allows Houston residents and visitors to purchase mobile tickets for METRO bus and METRORail and…

Costco Cobrand Portfolio to Change Hands

Costco Cobrand Portfolio to Change Hands

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi and American Express have inked a deal for Citi to acquire Costco’s U.S. co-brand credit card portfolio. The sale is expected to close June 2016, at which time all eligible Costco American Express Card cobranded accounts will be transferred to Citi. Additional details will be provided to Card Members in…

CardFellow Attacks the Rules Surrounding Card Surcharges

CardFellow Attacks the Rules Surrounding Card Surcharges

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CT-based CardFellow released an infographic version of its popular blog post offering detailed information about the rules surrounding surcharges. The infographic combines information on card brand regulations, consumer opinions of surcharging, and details on credit card usage in order to highlight the multiple facets involved. Credit card processing costs have long…

Thai Payment Network & China UnionPay Join Forces

Thai Payment Network & China UnionPay Join Forces

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bangkok Bank, Krung Thai Bank, Kasikornbank and Siam Commercial Bank, says TPN (Thai Payment Network), Thailand’s local switching network constructed based on UnionPay technical standards officially went live. Previously UnionPay IC card standard became the industry standard of Thailand. Through the incorporation of a joint venture, UnionPay now offers the technical…

CreaCard for a MasterPass Wallet in France

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For the occasion of Mobile World Congress 2016 (22nd – 25th February in Barcelona), MasterCard announced today the launch in France of a new MasterPass service fully dedicated to CreaCard PCS, the Prepaid leader on this market. This innovative digital and safe payment method will revolutionize online transactions for MasterCard cardholders.…

International Bank of Azerbaijan to start accepting JCB cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., has started JCB merchant acquiring operations with the International Bank of Azerbaijan (IBA). JCB cards will be accepted at all of IBA’s acceptance locations throughout the country by the end of February 2016. JCB has more than 91…

Canada’s Peoples Trust Explodes in Prepaid Cards

Canada’s Peoples Trust Explodes in Prepaid Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Peoples Trust, a major prepaid card issuer in Canada, announced significant growth in 2015 with the addition of 150 new programs, and a nearly 19% increase in dollar volume from 2014. Canada is one of the fastest growing prepaid markets and has emerged as a lead market for global fintech expansion…

Credit Cardholders are Intensely Loyal to Go-To Card

Credit Cardholders are Intensely Loyal to Go-To Card

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] About 25 million credit cardholders haven’t changed their go-to credit card in at least 10 years and another 20 million have never changed it. According to a new CreditCards.com report senior citizens are the most loyal: 31% have been using the same card most often for at least a decade and…

U.S. Bank Commercial Payments Manager

U.S. Bank Commercial Payments Manager

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bank is expanding its commercial payment suite with the U.S. Bank Commercial Payments Manager (CPM), a new automated solution ideal for mid-sized organizations and those seeking market-leading “virtual card” payment capabilities. Studies calculate the cost of manual expense processing to be about three times that of automation. CPM offers an…

Slim Number of Retailers are EMV Ready

Slim Number of Retailers are EMV Ready

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Only 22% of retailers currently support EMV transactions, but another 53% of retailers plan to implement this capability within 12 months. According to a new special report from Boston Retail Partners (BRP), the threat posed by data security breaches continues to consume retailers’ resources 38% of retailers indicate that payment/data security…