CardWeb.com’s CardData Reports today features the “Mobile Money Market” report from MarketsandMarkets. The report defines the global market based on various transaction modes, nature of payments, location types, types of purchases and industrial verticals with an in-depth analysis and forecasting of market sizes.
Uber is now part of Capital One’s Quicksilver program. Quicksilver cardholders will receive 20% back as a statement credit on all Uber rides through April 2016 when they pay using their Quicksilver or QuicksilverOne card.
TSYS joins the growing list of acquirers to offer enablement of full service payment processing under American Express OptBlue, the small merchant acquiring program from American Express.
CardWeb.com’s CardData database of Company Profiles today features Trustonic.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Standard Chartered PIA CoBrand Credit Card TV spot.
In today’s CardFlash News Que: MM HAYES (Quickcharge); BLUEPOINT (MDT); NEW MEDIA (funding); and HP (FireEye).
Citibank’s average yield for its U.S. retail credit card portfolio rose 33 basis points (bps) in the first quarter, compared to one-year ago, and up 16 bps sequentially. The net interest revenue (NIR), which includes some fees, also jumped by 49 bps year-on-year (YOY) for Q1/15 and up slightly from the prior quarter.
The number of U.S. debit cards issued on the Visa, MasterCard, American Express and Discover networks is expected to reach 856 million by year-end 2019. According to forecaster RAM Research, the U.S. debit card industry is growing at a CAGR of 6.04%.
ICICI Bank has teamed with Tech Mahindra to launch its ‘Tap n Pay’ contactless payment service in India. The new Near Field Communications (NFC) feature is a prepaid account available to customers of any bank by simply registering for it and transferring money online from any bank account. It requires no documentation or branch visit.
Moneris Solutions and UnionPay have inked a deal enabling Moneris merchants to offer UnionPay card acceptance to UnionPay cardholders in Canada for traveling, study, living and business.
MasterCard and IFC, a member of the World Bank Group, are establishing a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic payments. It is all part of an effort to increase universal financial access by 2020.
Discover Financial Services and the British Hospitality Association (BHA) are joining forces to share know-how, intelligence and expertise on the UK market, as well as technological advancements and any industry developments with all BHA members and the wider hospitality community.