Costco Canadian members can now apply for the new Capital One Platinum MasterCard which doubles as a membership card. The card is being issued under an exclusive contract between Costco Wholesale Canada and Capital One’s Canadian bank branch.
Carrier billing mobile payments specialist, Boku, is hoping to take it e-Money to a new level with a new initiative with major U.K. Mobile Network Operators (MNOs). Under hopeful EU re-regulation MNOs will be able expand carrier billing to general purpose purchasing.
More than 26,000 SUBWAY locations across the U.S. now offer contactless/NFC-based mobile payments. The program was facilitated by a partnership with Softcard.
CardWeb.com’s CardExecs database of card industy movers and shakers today features Michael Wasserfuhr, Chief Financial Officer of Ingenico. Ingenico Group is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile.
The NFC Forum has unveiled its “Tap Into NFC” Developer Program. The program is designed to support application developers via events, networking opportunities, and a new, dedicated website comprising developer kits and technical specs, news, and product spotlights.
Atlanta-based Global Payments reported revenues grew 12% to $704.9 million in the third calendar quarter (fiscal first quarter 2015 ending August 31) compared to $629.7 million in the year ago quarter.
TX-based First American Payment Systems latest 1stPayPOS software update enables merchantsto add their logo to the top of the receipt as well as a barcode discount feature that allows the merchant to offer a dollar or percent discount to customers.
Wells Fargo has joined American Express’ OptBlue, the new merchant acquiring program that seeks to expand AmEx U.S. card acceptance among small merchants. The addition of Wells Fargo brings the number of participating acquirers in OptBlue to 12, six of which are in the top 10 in the U.S.
IN-based Allied Payment Network, an online and mobile bill payment services specialist, has introduced an online loan payments option for financial institutions. PortalPay seamlessly operates as a landing page within the bank or credit union’s website.
The Bluetooth Connected Card Platform has picked up interest and funding. MI-based Stratos is the developer of the card which combines all plastic cards into a single, smart, and dynamic card.
CardWeb.com’s CardData financial database projects Visa (VS) and MasterCard (MC) debit card Purchase Dollar Volume (PDV) for the third quarter will slightly increase to $458 billion. MC will report Q3/14 on Oct 30 before the market opens. VS will most likely release its Q3/14 report on Oct 24.
PSCU’s all-night geek competition among credit unions to develop an app concept to address consumer demands and financial service issues is over. The winner is a balance-transfer app that safeguards user’s account information.