American Express second quarter profits slipped year-on-year (YOY) by 3.9% to $1.47 billion due to the significant impact of a stronger U.S. dollar on international operations. However, U.S. Card Services posted Q2/15 net income of $886 million, up 15% from $770 million a year ago.
Wincor Nixdorf reported a significant decline in operating profit as a result of the restructuring program. Profit for the first nine months of the fiscal year stood at €25 million (€61 million), which represents a decline of 59%.
Myanmar Apex Bank has teamed with MasterCard to develop the local payments infrastructure with the launch of new prepaid card. MasterCard has launched prepaid cards together with Co-operative Bank Ltd, Kanbawza Bank, Ayeyarwady Bank, and Myanmar Citizen Bank with 2C2P, the last of which was also Myanmar’s first smartphone-enabled prepaid card.
The Citi Mobile Challenge in Asia Pacific is coming next month. It is part of Citi’s drive to foster digital and mobile innovation in banking. Registration for the Challenge will begin on August 19, and selected participants will demonstrate their concepts at events in Bangalore, Hong Kong, Singapore, and Sydney.
Chase Card Services and Southwest Airlines have inked a multi-year extension to the nearly 20-year partnership for co-branded credit cards, Southwest Airlines® Rapid Rewards® Plus, Premier and Business Cards.
New research found that by 2020 the average internet user will have over 200 online accounts. Each new account brings yet another password for overwhelmed users to remember, thus threatening the overall security of their online identity.
From department store Neiman Marcus and clothing outlet Urban Outfitters, to the Expedia travel booking service and computer hardware giant Newegg, everybody is jumping on the Bitcoin bandwagon and there’s no sign of it slowing down.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Stephanie Stowers, Senior Vice President, Customer Service of Shift4.
The new version of SPARROW’s Easy Charge incorporates powerful features like picture tiles for quick order taking and a new encrypted credit card swiper.
CardWeb.com’s CardData database of Company Profiles today features Bigcommerce.
Retail Management Solutions has released a comprehensive, updated e-book, titled: A Pharmacy Owner’s Guide to Point of Sale Security.
CardWeb.com’s CardConferences today features the
DIGITAL CURRENCIES + THE BLOCKCHAIN conference, July 28, in New York City.