The top six U.S. credit card issuers are all reporting a slight uptick in delinquency for the third quarter. However, Bank of America held steady. Therefore, charge-offs will likely head higher in the first quarter of 2015 as the fourth quarter denominator will be higher.
While CVS, Rite Aid and Walmart trashed Apple Pay this week, McDonald’s U.S. customers have another way to pay for their orders, thanks to a collaboration with Softcard. Customers will now be able to tap and pay both in-restaurant and in the drive-thru lane at all U.S. McDonald’s locations, marking the largest deployment of NFC-based mobile commerce in drive-thru.
First National Bank of Omaha has introduced the Yale University MasterCard. The Yale MasterCard features First Bankcard’s new Complete Rewards program.
The American Express’ Bluebird card has launched the “Get 2X” promotion for Walmart customers using Savings Catcher and Bluebird. Walmart and American Express are offering Bluebird for a $0 purchase price in store for the duration of the Get 2X program.
Beijing-based Alibaba announced its online travel business, Taobao Travel will become an independent business and brand named “Alitrip.” Alitrip currently has over 10,000 merchants on its platform providing airplane tickets, vacation packages, hotel booking services, visa application services and tour guide services.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Steven Streit, President and Chief Executive Officer of Green Dot Corporation.
San Francisco-based CARDFREE reports it is the mobile application platform provider enabling Taco Bell’s new mobile offering launched nationwide this week.
London-based Priority Pass finds that a subset of millennials are inclined to open their wallets a little wider when it comes to some travel luxuries, like Four and Five Star accommodations.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Club Carlson Premier Rewards Visa Signature. The card is issued by U.S. Bancorp.
UK-based Optimal Payments will launch an iOS software development kit (SDK) for Apple Pay. Merchants processing Apple Pay transactions through Optimal Payments’ NETBANX gateway will benefit from the added security of credit card processing with Apple Pay and network-level tokenization.
Silicon Valley-based Merchant e-Solutions has named payments industry veteranTom Bell as Chief Executive Officer. Bell was most recently a managing partner at Capellas Partners.
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the Discover – ” #1 Rewards Program” print ad from 2012.