CU Wallet, a Credit Union Service Organization (CUSO) providing the industry’s first credit union driven mobile payments application, and Relevant Solutions, the provider of mobile in-store shopping content for financial institutions, have entered a strategic alliance integrating merchant offers and promotions with CU Wallet’s mobile wallet.
Yields among the nation’s top 6 credit card issuers are expected to remain healthy in the second quarter with Capital One leading the way with its average yield hovering at 14.2%. Chase and Discover are effectively tied for second place at 12%+.
MasterCard has launched its Travel Service program in the Latin America and the Caribbean region. The program is now available to cardholders in the following markets: Brazil, Mexico, Colombia, Argentina, Chile, Peru, Dominican Republic, Ecuador, Costa Rica, Panama, El Salvador, Honduras, Nicaragua and Guatemala.
A new survey finds 96% of millennials who have credit cards consider themselves financially responsible, yet 44% of those surveyed have either missed a payment, paid a late fee, exceeded their credit limit or had to work out a payment plan with a credit card company.