U.S. credit unions outpaced banks across all consumer lending and asset quality categories, according to research conducted by Callahan & Associates on second quarter data released by the National Credit Union Association (NCUA) and Federal Deposit Insurance Corporation (FDIC).
MUFG Union Bank has unveiled the launch of its Commercial Card Program designed for corporate clients’ procure-to-pay needs.
Mozido unveiled PayEase launched TradeEase – a new platform that will enable the first-ever cross-border B2C e-commerce payments between China and Russia.
The confidence of Australian consumers has improved by 5.4% since the second half of 2014. However, despite this rise, Australians are the most pessimistic of the 17 Asia Pacific economies surveyed.
Amtrak and Bank of America announced a new Amtrak Guest Rewards credit card program effective immediately. This program includes two new credit cards created to fit passengers’ travel and spending preferences.
Germany is one of Europe’s largest payment cards markets, and is the third-largest in terms of annual card transaction value. It is still far from being recognized as a fully mature market, however, as the average number of monthly card transactions by consumers in Germany was 2.5 in 2014, much lower than France (9.4) and the UK (6.5).
Citi inked a deal with Raiffeisenbank to sell its consumer banking business in the Czech Republic. Citi intends to focus on expanding the services it offers to Czech corporations, banks and public sector clients as well as continuing to service its multi-national clients with operations in Czech and global investors.
NXSystems is rolling out two solutions to help the airline industry successfully track and manage international transactions while increasing efficiency and minimizing fraud.
Bankrate has ankled Scott Kim as Chief Executive Officer of its Bankrate.com division. In this role, Mr. Kim will have responsibility for the growth and development of the Bankrate.com business, replacing Don Ross, who will be leaving Bankrate to pursue other opportunities.
Montreal-baed North Side will launch its VerbalAccess software on September 16. VerbalAccess enables accessing banking and financial services through text-messaging or voice.
In today’s CardFlash News Que: PAI (award); STRAWHECKER (Terrapin); REGIONS (Android) and NCR (Ohio).