Singapore has launched China UnionPay’s (CUP) QuickPass acceptance at merchants for daily purchase, such as catering stores and supermarkets. It is the first time that UnionPay QuickPass service extends to the Southeast Asia market which is frequently visited by tourists.
The Consumer Financial Protection Bureau nailed of the nation’s two largest debt buyers and collectors for using deceptive tactics to collect bad debts. The Bureau found that Encore Capital Group and Portfolio Recovery Associates (PRA) bought debts that were potentially inaccurate, lacking documentation, or unenforceable.
Chase unveiled the Chase Freedom Mobile App for cardholders. The free app, available on both the on both the Apple App Store and Google Pla, allows cardholders the ability to redeem their cash back rewards and pay at the register at 30 merchants.
Samsung has joined the MasterCard’s Digital Enablement Express (DES) program as one of the program’s first partners. Express expedites the process of digitizing and tokenizing MasterCard accounts – giving issuers the immediate ability to participate in Samsung Pay and enabling Samsung to bring secure mobile payments to consumers more quickly, and at scale.