After a rocky road with prior credit card partnerships, Charles Schwab is setting its hopes on a new co-brand relationship with American Express. The two companies inked a multi-year deal to issue two new premium co-branded cards, presumably a charge card and a credit card in early 2016.
RI-based Citizens Bank has unveiled a new credit card offering up to 1.8% cash back with no annual fee and none of the category restrictions or caps on rewards often found with other rewards cards.
Citi announced it will be consolidating the Office Depot and OfficeMax retail credit credit agreements into one program, following the announced merger of Office Depot and OfficeMax. Citi Retail Services previously provided credit solutions to both retailers prior to the integration.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Greg Cohen, President of iPayment.
Prepaid card specialist Blackhawk Network has been issued a patent that covers the DirectSpend RAN program and equivalent methods of filtering transactions. Blackhawk also owns a variety of patents that apply to e-wallet technology, swipe reload technology, card network processing, digital gift card delivery, gift card exchange, and card security technology.
Germany’s Wirecard and Drillisch have inked a mobile payments strategic cooperation agreement to launch a mobile payment solution. The new boon payment system will be launched in August.
In today’s CardFlash News Que: QCard (EMVCo); Acumera (ZipLine); Net Element (PayOnline) and Passenger (Giftbit).
The BBVA Compass NBA American Express Card has officially hit the court and so far it is an easy dunk for NBA fans. The new card is the first payment card bearing the global NBA brand.
MasterCard is enabling acceptance of chip cards, contactless payments, and QkR! with MasterPass at the Arnold Palmer Invitational Presented by MasterCard. MasterCard and the PGA TOUR debuted contactless payment acceptance at the Waste Management Phoenix Open in January.
Calpian has selected Conformance Technologies has selected its PCI ToolKit and TINMatch ToolKit offerings. Calpian will use PCI ToolKit solution for PCI DSS merchant portfolio compliance validation, and the TINMatch ToolKit for merchant business entity name and federal TIN matching.
In today’s CardFlash News Que: TapTrack (NFC); Connect First (PCI); ParTech (m-POS); and Cubic (TfL).
Digital River is processing online payments for peerTransfer, a provider of global payment solutions for foreign students and educational institutions. peerTransfer is using the Digital River World Payments solution to facilitate student tuition payments made via credit card in 59 currencies across North America, Asia Pacific, Europe and parts of Africa.