Synchrony Financial continues to dig itself into a hole with retail credit cards and why it’s up for grabs. The Company reported its card platform revenue increased dismally at 5%, driven primarily by purchase volume growth of 10% and period-end loan receivables growth of 7%, with broad-based growth across partner programs.
TIO Networks has inked an arm’s length agreement acquire NJ-based Softgate Systems, a provider of consumer retail bill payment solutions. The acquisition is expected to close later this year.
NTT Communications will begin operating prepaid SIM card vending machines for foreign visitors to Japan at Narita International Airport from July 24.
Oberthur Technologies says brand new Lenovo smartphones will be equipped with its state-of-the-art NFC embedded Secure Element (eSE). Thanks to this very first partnership between OT and Lenovo, OT’s advanced eSE PEARL by OT will allow Lenovo to offer secure and convenient mobile payment and transport services.
Gemalto has buddied up with China’s ZTE to showcase Gemalto’s LinqUs On-Demand Connectivity (ODC) subscription management solution on ZTE smartphones, at Mobile World Congress Shanghai.
U.S prepaid king Green Dot announced the official opening of Green Dot Shanghai Software Technology. “Green Dot Shanghai” is a new wholly-owned subsidiary of Green Dot Corporation that is located in the Zhangjiang Hi Technology Park in the Pudong district of Shanghai.
PaymentVision, a leading provider of PCI-compliant electronic payment gateway services, will host a free webinar that introduces attendees to EMV. The webinar will take place on Wednesday, August 12, 2015, from 2:30 p.m. to 3:30 p.m. EDT.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Michael Carter, Co-Founder and CMO of Silicon Prairie.