NY-based PaidEasy announced a seed round of funding valued at $2 million from a private investor, Ivor Ichikowitz. PaidEasy just launched out of beta this week and plans to use the money to establish a footprint in New York City and its surrounding areas.
PSCU has inked a partnership with Member Driven Technologies (MDT) to provide call center support to MDT’s roster of credit union clients. MDT is the largest reseller of Symitar core processing services to the credit union market and has over 150 credit unions clients throughout the U.S.
Charge-offs among the nation’s top 6 issuers dropped 22 basis points (bps) year-on-year (YOY) to 2.81% for the second quarter, and down 16 bps sequentially. Bank of America (BofA) has done the best job of reigning in card losses, dropping 43 bps YOY.
Purchase transactions (PTX) for U.S. Visa and MasterCard credit cards rose 11.7% year-on-year (YOY) in the second quarter to 5908 million. PTX for U.S. Visa and MasterCard debit cards rose 7.0% YOY in Q2/15 to 12986 million. Both metrics have been slowing over the past year.
PA-based Rite Aid says nearly 4,600 stores of the Company’s nationwide will begin accepting mobile payments, including Apple PayT and Google Wallet, starting Saturday, August 15. The Company will also accept Google’s forthcoming Android Pay. Additionally, all Rite Aid stores will also accept tap and pay credit and debit cards.
China’s UnionPay has signed a cooperative agreement with Maldives Airport Company Limited. Maldives Airport Company Limited is responsible for the operation of Ibrahim Nasir, the only international airport in local as well as the daily operation of airport duty-free shops.
PA-based Rite Aid says nearly 4,600 stores of the Company’s nationwide will begin accepting mobile payments, including Apple Pay and Google Wallet, starting Saturday, August 15. The Company will also accept Google’s forthcoming Android Pay. Additionally, all Rite Aid stores will also accept tap and pay credit and debit cards.
The Starwood Preferred Guest (SPG) Credit Card from American Express has been beefed-up with a new design and extra benefits. Among the new benefits: No Foreign Transaction Fees; Complimentary, Unlimited Boingo Wi-Fi; Complimentary Premium In-Room Internet Access; and Access to Sheraton Club Lounges for SPG American Express OPEN Card Members.