In Other News: EXPENSIFY (platform); CORECARD (EMV); TSYS (Lloyds); and MERCATOR (debit). EXPENSIFY – Expensify announced an integration platform that will eliminate receipts for business purchases. Called ReceiptBurner, the program’s initial launch partners include Uber, HotelTonight, Revel Systems, SaneBox, and Fujitsu ScanSnap, with more planned in the coming months. These services utilize the ReceiptBurner integration…
Cohorts from Gen Z are very price-conscious (89%), and they also prefer to spend their money on experiences vs. material items (62%). For instance, Gen Z spends most of their weekly budget on food (80%), while 48% allot their money towards experiences with friends. Interactions released “The Next Generation of Retail,” a study of more…
Ira Bornstein has reunited with the fast-growing team at TouchSuite, one of the country’s leading U.S. technology companies. In his position as Chief Operating Officer, Ira will once more play an integral role in the company’s enhancement of operational workflows, risk mitigation, new product development and improving overall profitability, a role previously held from 2008-2012.…
Seamless has snagged the Norwegian technology company MeaWallet. The purchase price amounts to approximately SEK 42,8 million and payment is made through an issue in kind of 4,574,328 new shares in Seamless. Through the acquisition Seamless controls important technology in the rapidly growing field of contactless payments. Through the acquisition of MeaWallet, Seamless acquires important…
American Airlines and its partners in the AAdvantage credit card program have inked new agreements to extend their relationships and continue providing AAdvantage miles and other benefits to customers. The deal will allow Citi to continue offering its lineup of cards to new customers through multiple exclusive channels such as digital – including aa.com –…
U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, inched up 0.8% year-on-year (YOY) in the first quarter (1Q/16). There were 158.4 million active bank credit card accounts for 1Q/16 in the U.S. among the top six issuers: Citibank; Capital One; Chase, Bank of America, Discover and…
ICBA Bancard has ankled Chrystina Giorgio as president and CEO. She was appointed by unanimous decision of ICBA Bancard’s board of directors and succeeds Linda Echard, who served for 30 years as president and CEO and retired in June. Giorgio brings more than 25 years of payment systems experience, including more than 19 years at…
U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Citi was the only issuer with a positive gain in the first quarter (1Q/16), compared to the prior quarter. While Chase continues to hold a commanding 24.5% marketshare for 1Q/16, there was a 10 basis…
Visa and MasterCard international credit card gross dollar volume (GDV) for the first quarter (1Q/16) rose 10.8%, on a currency adjusted basis (FX), year-on-year (YOY). For international debit cards, Visa and MasterCard GDV increased 12.6% YOY FX. Visa outpaced MasterCard in international credit cards 1Q/16 YOY FX growth, while MasterCard took the lead in international…
First Data and Ingenico Group announced that First Data is now offering a new payment acceptance solution leveraging Ingenico Group’s smart terminals that supports EMV tip adjust and Common AID. First Data has Class B+ certified this new solution on its Omaha Platform. First Data’s Omaha application will run on select versions of Ingenico Group’s…
One out of three consumers globally have experienced card fraud in the past five years. Risky behaviors, such as leaving a smartphone unlocked when not in use, have a direct correlation to fraud—and the overall risk for fraud is rising due to the global increase in smartphone and tablet usage. According to new global benchmark…
Kyocera has introduced a real edge 600-dot-per-inch (dpi) thermal printhead for desktop card printers used for rigid materials such as ID cards and credit cards. The KPE Series 600dpi printhead, available worldwide from this month, provides crisp, high resolution printing with delicate color expression. The new 600dpi model is fully compatible with the conventional 300dpi…