CardWeb.com’s CardConferences today features EMERGE 2015, June 10-12, 2015 at the Hilton Austin, Texas.
Today, there are a total of 37 mobile money services in Latin America, accounting for roughly 14.9 million registered mobile money accounts, in 19 countries1 in the region. This includes seven new services launched in Brazil, Colombia, the Dominican Republic, Ecuador, Panama and Peru since 2014.
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers rose by a mere 2.3% year-on-year (YOY) in the first quarter to $451.3 billion. Capital One (+8.5%) and American Express (+7.3%) YOY led the pack, while Citibank (-4.9%) and BofA (-0.5%) cleaned up the rear, according to CardData.
UnionPay International and Ethiopian Airlines inked a deal to enable payment by UnionPay cards for buying tickets online. UnionPay cardholders not only can enjoy 5% off currently for booking air tickets on the airline company’s website but also can receive extra mileage of 1,000 km from today to May 20, 2015.
Atlanta-based small business loans purveyor Kabbage has teamed with MasterCard to offer businesses the ability to pay for items at the point of sale (POS) with a purchasing card. Kabbage offers up to $100,000 in funding for a 1% to 12% payback over the first two months, 1% thereafter.