In today’s CardFlash News Que: DISCOVER (Apple Pay); CHARGE PAYMENT (i3Verticals); CALLAHAN/TRK (CCMS); and FREELANCER.COM (escrow.com).
DISCOVER – Discover announced an agreement with Apple that will allow Discover cardmembers in the U.S. to make contactless payments in participating stores through Apple Pay, the easy, secure and private way to pay, using iPhone 6, iPhone 6 Plus and Apple Watch. In addition to paying in stores with iPhone 6, iPhone 6 Plus and Apple Watch, millions of cardmembers can also use Apple Pay with iPad Air 2 and iPad mini 3 when paying for goods and services within apps beginning this fall.
CHARGE PAYMENT – Charge Payment, a rapidly growing technology and payment processing company, announced a name change to i3 Vertical. It also announced a $50 million credit facility and the closing of two acquisitions.
CALLAHAN/TRK – Callahan & Associates, in partnership with TRK Advisors Inc., will take on the key question of “How profitable is my credit card program?” in the upcoming Credit Card Management School (CCMS) webinar on Thursday, April 30, 2 p.m. ET, sponsored by CO-OP Financial Services. As a follow-up to the January 2015 CCMS market review webinar, credit card industry expert Tim Kolk will explore with students the key drivers behind the profitability of individual credit card portfolio segments and the different ways credit unions can profit from the current market.
FREELANCER – Freelancer.com has agreed to purchased Escrow.com for $7.5 million in cash. The acquisition was funded by through an placement of $10 million AUD (about $7.8 million) in ordinary shares of Freelancer.com to institutional investors.