Widely reported Chase has agreed to pony up $125 million regarding collections and sales of consumer credit card debt. An announcement is expected today. The CFPB has been on a rampage regarding credit card “add-on” products.
Yields among the nation’s top 6 credit card issuers are expected to remain healthy in the second quarter with Capital One leading the way with its average yield hovering at 14.2%. Chase and Discover are effectively tied for second place at 12%+.
MasterCard has launched its Travel Service program in the Latin America and the Caribbean region. The program is now available to cardholders in the following markets: Brazil, Mexico, Colombia, Argentina, Chile, Peru, Dominican Republic, Ecuador, Costa Rica, Panama, El Salvador, Honduras, Nicaragua and Guatemala.
Moneris Solutions has unveiled PAYD Pro Plus. The mobile point-of-sale (mPOS) solution combines robust, cloud-based POS capabilities with the flexibility of the Apple iPad.
A new survey finds 96% of millennials who have credit cards consider themselves financially responsible, yet 44% of those surveyed have either missed a payment, paid a late fee, exceeded their credit limit or had to work out a payment plan with a credit card company.
Ink from Chase, the Business Card portfolio from Chase Card Services, announced the rebrand and redesign of its Jot mobile application to the Ink app.
MasterCard has announced Japanese pro golfer, Hiroyuki Fujita, as its latest golf ambassador. Fujita also serves as the first Ambassador for Priceless Japan and will provide MasterCard cardholders privileged access to unique experiences.
U.S. Bank, the fifth largest U.S.bank, has selected Biller Advantage from Fiserv, which enables the bank’s business customers to provide electronic billing, presentment and payment (EBPP) options to their customers.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard ‘Priceless Surprises: Arnold Palmer’ TV spot.
Zapper has teamed with Revel Systems to broaden the reach of their mobile payment technology for restaurants. Through Zapper, diners will be able to scan a QR code printed on their bill and pay from the app, without having to wait on their server.
CardWeb.com’s CardData database of Company Profiles today features Boku.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Stuart Taylor, Vice President of Payment Solutions of Equinox Payments.