Rêv Worldwide, Scandinavian Airlines, the largest airline in Scandinavia, and Catella Bank, have partnered to intro the multi-currency Travel Cash wallet.
SBI Card, MasterCard and Collinson announced that the LoungeKey™ airport lounge program, which offers access to lounges at over 500 airports in over 100 countries, will be added as a new feature for the SBI Platinum Card and SBI World Card from October 1st.
First Data launching Android Pay collaborator supporting the new service for in-store transactions. First Data will provide processing solutions for Android Pay that ensure a safe, secure transaction at the point of sale, enabling payment with a single, contactless tap.
WePay has introduced ACH bank transfers as another payment type that platforms can offer their customers. The launch means platforms can now allow US users the ability to accept simple yet highly secure ACH bank transfers in addition to credit card payments.
Doxo announced the National Grid has made available to its customers the doxo application to enhance the company’s customer engagement and experience by offering a paperless account and billing option. Through doxo, National Grid’s electricity and gas customers, across New York, Massachusetts, and Rhode Island, can now receive their bills and other account documents, organize account information, and make payments directly from their free doxo account.
MN-based Digital River has inked a payments agreement with one-stop travel service provider Ctrip. One of China’s leading travel agents, Ctrip is using the Digital River World Payments solution to process credit cards, including Visa, Mastercard and UnionPay on its Singapore site.
Ueshima Coffee, part of the UCC Group has inked Boku, the global leader in mobile payments using carrier billing. This is a first of its kind partnership that allows customers to top up their Ueshima Coffee cards using their mobile phone in order to purchase coffee, food, and other products in any Ueshima coffee shop.
Electronic Commerce International (ECI), a registered provider of reliable Visa and MasterCard credit card processing for businesses completed a seamless and secure connection with Xero: Accounting Software & Online Bookkeeping. The integration of ECI with Xero has been fully tested and is ready for use by new and existing ECI merchants.
In today’s CardFlash News Que: AMEX (unstaged); SIMPLYCREDIT (funding); IPATIENTCARE (NUCON); and MASTERCARD (COMO).
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. remains likely to top $1.2 trillion for the third quarter, predicts RAM Research. According to CardData, in the second quarter PDV climbed 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers is expected to rise 3 basis points (bps) in the third quarter. In the second quarter 90+ delinquency declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago.
Qatar’s Doha Bank and China UnionPay inked a deal for the issuance of the first UnionPay card. Doha Bank, holding one-fourth market share, is one of the top merchant acquirers in Qatar.