MasterCard has shuffled four top executives to evolve the company’s “Global Products and Solutions” and “Operations and Technology” business units, effective January 1st.
China’s UnionPay has become the only international bankcard association offering Chinese Visa application VIP express service. UnionPay cardholders can apply at the Chinese Visa Application Service Centers in five cities in Australia, namely Sidney, Melbourne, Canberra, Brisbane and Perth. This service will substantially shorten the processing time, and will soon be rolled out in some of the other countries where UnionPay cards have been issued.
San Francisco-based Revel Systems announced Lisa Falzone, co-founder and CEO of Revel, has been chosen by EY as one of the 12 entrepreneurs selected for the 2015 North American Entrepreneurial Winning Women program.
In today’s CardFlash News Que: EPVAR (APS); CHASE (UAL); DADEPAY (Nature’s); and TANGO (DRE).
Sweden-based Seamless posted third quarter revenue of SEK 75 million, an increase of 75% compared to the same period last year. The Company’s Flagship product, SEQR, is now looking for one or more co-investors.
Heartland Payment Systems and Pinnacle have launched the first integrated point-of-sale (POS) system for petroleum retailers that is compliant with EMV.
Credit Karma has launched a new Direct Dispute feature to help people seamlessly dispute credit report errors directly from their free credit report with just a few clicks.
Legal marijuana POS sales are quickly becoming mainstream and more secure with the KIND Financial as it integrates with Leafly, the world’s largest cannabis information website.
Deal done – PayPal has completed its acquisition of Xoom. With Xoom, PayPal has access to 1.5 million active U.S. customers that sent approximately $7.1 billion in the 12 months ending on September 30, 2015 to people in 40 countries such as Mexico, India, the Philippines, China and Brazil.
In today’s CardFlash News Que: B2 (Chase); JCB (Malaysia); FIT PAY (wearables); and WIRECASH (Cuallix).
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers increased five basis points (bps) sequentially, to 0.85% for the third quarter, compared to 0.80% in the prior quarter and 0.88% one-year ago. However, all the issuers, except Capital One, were down year-on-year (YOY), according to CardData.
CO-based CPI Card Group reported net sales were $107.7 million, an increase of 39.2% over the prior year period. The company attributed most of the increase to the U.S. EMV migration.