In today’s CardFlash News Que: SYNCHRONY (Sleepy’s); TSYS (Tangerine); DH (Ripple); and USAT (Canteen).
SYNCHRONY -Synchrony Financial and Sleepy’s inked a multi-year extension of its private label credit card program. Sleepy’s is the largest privately-owned mattress retailer with more than 1,000 locations in 17 states, and available nationally through sleepys.com. The agreement marks the extension of a relationship to provide consumer financing for Sleepy’s since 2000.
TSYS ” TSYS has signed inked an agreement with Tangerine, an innovative Canadian direct bank, to provide processing and risk management services for the bank’s new consumer credit card portfolio. Formerly ING Direct, Tangerine was officially renamed after it was purchased by Scotiabank in 2014. As of October 6, the bank is now offering Canadians the chance to be among the first to use the new Tangerine Money-Back Credit Card, which offers 2% money-back rewards on all purchases in two categories of their choice and 1% money-back rewards on all other purchases, with no annual fee.
DH – DH Corporation has partnered with Ripple to deliver innovative payment capabilities by integrating Global PAYplus, its global payment services hub, with Ripple’s distributed ledger technology, creating a foundation for further disruptive payments innovation. Financial institutions using Global PAYplus will now be able to link to a secure distributed ledger system, accessible only with permission, to connect interbank networks, move money domestically and across borders in real-time, regardless of time zones or time of day, and access cheaper liquidity through a distributed network of market makers.
USAT – USA Technologies, inked another multi-year, strategic agreement for its ePort Connect® suite of cashless payment solutions and services with Canteen of Coastal California. The addition underscores increasing demand for USA Technologies’ ePort Connect Service as yet another company joins the ranks of USAT customers connecting 100 percent of their business for cashless payments and telemetry. The agreement resulted in 2,800 additional connections to USAT’s ePort cashless technology solution and includes hardware, deployment support, co-marketing and installation assistance.