Citi Retail Cards Q1/15

Citibank’s average yield for its U.S. retail credit card portfolio rose 33 basis points (bps) in the first quarter, compared to one-year ago, and up 16 bps sequentially. The net interest revenue (NIR), which includes some fees, also jumped by 49 bps year-on-year (YOY) for Q1/15 and up slightly from the prior quarter.

ICICI Tap-n-Pay

ICICI Bank has teamed with Tech Mahindra to launch its ‘Tap n Pay’ contactless payment service in India. The new Near Field Communications (NFC) feature is a prepaid account available to customers of any bank by simply registering for it and transferring money online from any bank account. It requires no documentation or branch visit.

BHA & Discover

Discover Financial Services and the British Hospitality Association (BHA) are joining forces to share know-how, intelligence and expertise on the UK market, as well as technological advancements and any industry developments with all BHA members and the wider hospitality community.

FRN App & CLO

The five million members of the Fuel Rewards program can now link their loyalty, credit, debit and prepaid cards to their smartphones. These capabilities will be complemented by the May 2015 roll-out of the company’s next-generation card-linked offer (CLO) program, which allows members to link any debit or credit card to the loyalty program.