Citi has completely redesigned its Citi Mobile App for iPhone in the U.S. The new app for consumer banking and credit card customers enables the use of the Touch ID feature on iPhone devices.
Synchrony Financial and Chevron U.S.A have unveiled the new Techron Advantage Fuel Credits Program for cardholders.The new Fuel Credits program is part of a multi-year extension signed between Chevron U.S.A. and Synchrony Financial for Chevron’s personal credit card program.
New research shows 48% of men say they buy everything on their credit card so they can get the reward points versus 38% of women. In general, 46% of men have signed up for cash back offers on their bank/credit card to get money back for shopping at certain locations, versus 40% of women.
American Express global Gross Dollar Volume (GDV) is growing 3.3% annually, compared to an average of 1.6% for its peer group: the four top U.S.-based networks, according to CardData. RAM Research forecasts Q2 global AmEx GDV will slightly exceed $276 billion.
Discover’s credit card outstandings will likely top $55 billion for the second quarter according to forecaster RAM Research. CardData says Discover’s credit card outstandings continued strong in the first quarter rising 5.1% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY).
Mahindra Comviva has inked a strategic agreement with the Pole SCS for HCE (Host Card Emulation) solutions and development. Among the companies participating in the SCS cluster are Gemalto, ST Microelectronics, Inside Secure, Orange, Telecom Italia and a large number of innovative startups in these fields.