U.S. Bank’s Elavon and Costco have agreed to extend their relationship to offer payment processing solutions to Costco’s array of small to mid-size business customers.
In today’s CardFlash News Que: NCR (NBS); PAYCOMMERCE (Citi); CARD1 (crowdfunding); and FLIPKART (execs).
New research shows nearly three in five consumers reported that they have not yet received a new chip-enabled card. Also, 67% indicated they have not received information from their credit card issuer or bank explaining what EMV means and how it will impact them.
Aggregate U.S. bank credit card end-of period (EOP) outstandings for the nation’s four largest issuers will likely inch up in 3Q/15 to $358 billion according to CardData and RAM Research. In the second quarter, outstandings were essentially flat year-on-year (YOY) and continues the pattern of the past three years.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, will likely to track in at 11.7% year-on-year (YOY) in the third quarter according to CardData and RAM Research. In the second quarter PTX soared 12.6% YOY and 8.6% sequentially.
Amazon Webstore owners can seamlessly migrate their online store to Shopify. As Amazon’s preferred migration partner, we’ve worked closely with the Webstore team to make moving to Shopify simple.
3dcart announced a program with Visa Checkout to help small businesses launch their online stores. For a limited time, new and existing 3dcart customers can receive a one-month extension toward their hosting plan on their billing cycle when they enable Visa Checkout as a payment service on their website.
Fiserv has inked InfoLink Services Limited (ISL) for all electronic payment transaction processing, delivering PCI compliance and EMV capability.
American Express Company reaffirmed the company’s financial outlook for 2015, 2016 and 2017. For the full year, the AmEx 2015 EPS outlook remains unchanged, and expects EPS to be flat to modestly down.
Mobilio Protection now offers independent wireless retailers the convenience of a low price prepaid protection plan covering new, refurbished and pre-owned devices distributed via the epay WebPOS distribution portal.
In today’s CardFlash News Que: FROST & SULLIVAN (digital); NEXONIA (webinar); and YAPITAL (Deutscher Sportausweis).
The FOMC’s stunning decision today not to raise rates will be very confusing to card issuers and the stock market. However, credit card issuers are preparing for the certain rate adjustments by year’s end.