U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers gained a mere 2.6% in the third quarter year-on-year (YOY) to $479.4 billion. Capital One continues to smoke the peer group with a 12% YOY gain.
Amazon has inked Payoneer to expand cross-border payment options to sellers from 24 countries who sell on marketplaces in the U.S., Spain, France, Italy, Germany and the UK.
Walgreens Balance Rewards members can now seamlessly use their account through Apple Pay – without separately scanning a Balance Rewards card or barcode. More than 85 million active Balance Rewards members will have the ability to earn and redeem loyalty points via Apple Pay.
GA-based FleetCor Technologies, a major provider of fuel cards and workforce payment products to businesses, reported total revenues increased 53% to $451.5 million in the 3Q/15 compared to $295.3 million in 3Q/14.
TX-based Perk.com reported total revenue increased by 156% to $13.3 million for the third quarter 2015. Gross profit was $6.3 million, or 47% of total revenue.
Scotiabank and Interac have launched the Bulk Interac e-Transfer for Scotiabank’s business banking customers. This service extends the Interac e-Transfer service to Scotiabank’s business banking customers by offering a streamlined, secure and cost-effective alternative to cash, cheque or prepaid card disbursements.
Rewards Network has launched TrueBlue Dining in partnership with JetBlue. By dining at participating locations, TrueBlue members can earn TrueBlue points through the TrueBlue Dining program. Points are redeemable for JetBlue flights, JetBlue Getaways vacation packages, and various publications and products.
CA-based prepaid card specialist Green Dot reported financial reported consolidated GAAP and non-GAAP total operating revenues of $146.4 million and $146.5 million, respectively, following the major loss of MoneyPak. Green Dot generated net cash from operations of $114 million year to date.
MasterCard has ankled Craig Vosburg to president, North America Markets, effective January 1st. This appointment comes as Chris McWilton announced he will leave MasterCard on December 31.
The AAA Dollars MasterCard and the AAA Dollars Plus MasterCard have hit the market from the AAA and U. S. Bank. Both cards offer very competitive pricing.
USAA has launched a pilot that allows a limited group of USAA members to view their bitcoin balance on USAA.com and the USAA Mobile App. This pilot was rolled out to USAA employees in September and is now being extended to a select group of USAA members.
Michael Miebach will assume the role of chief product officer for MasterCard on January 1st and will be based in New York. He currently serves as president, Middle East and Africa.