U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers rose by a mere 2.3% year-on-year (YOY) in the first quarter to $451.3 billion. Capital One (+8.5%) and American Express (+7.3%) YOY led the pack, while Citibank (-4.9%) and BofA (-0.5%) cleaned up the rear, according to CardData.
PA-based USA Technologies posted total revenue of $15.4 million, a year-over-year (YOY) increase of 47%. For 2015, management expects total revenue to be above $53.0 million, due to the positive impact of QuickStart on equipment revenue.
UnionPay International and Ethiopian Airlines inked a deal to enable payment by UnionPay cards for buying tickets online. UnionPay cardholders not only can enjoy 5% off currently for booking air tickets on the airline company’s website but also can receive extra mileage of 1,000 km from today to May 20, 2015.
JCB and Middle East and Africa electronic payments processor, Emerging Markets Payments (EMP) inked a deal for JCB card acceptance at more than 15,000 locations in Jordan, including all of the company’s point of sale (POS) terminals in the country.
SayPay Technologies has teamed with VoiceVault to deliver transformational online and mobile payment solutions. SayPay offers a single, seamless solution for bill payments, online checkout, and website sign-in.
NJ-based CompoSecure, combining science and art for laser engravable ID cards and luxury metal cards, is getting financial backing. LLR Partners is ponying up for sales and marketing expansion as well as continued product development.
Atlanta-based small business loans purveyor Kabbage has teamed with MasterCard to offer businesses the ability to pay for items at the point of sale (POS) with a purchasing card. Kabbage offers up to $100,000 in funding for a 1% to 12% payback over the first two months, 1% thereafter.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Lisa Weaver, Senior Vice President and Chief Financial Officer of StarTek.
San Francisco-based NerdWallet is hitting the big time with $64 million in Series A funding round led by Institutional Venture Partners (IVP) with participation from RRE Ventures, iGlobe Partners and additional angel investors.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Bank of America “Apple Pay” TV commercial.
CardWeb.com’s CardData database of Company Profiles today features CheckAlt.
San Jose-based Stratos unveiled the Stratos Digital Card Issuance Platform. The platform will allow card issuers to instantly fulfill digital cards, analyze real-time cardholder behavior and increase loyalty and engagement.