The five million members of the Fuel Rewards program can now link their loyalty, credit, debit and prepaid cards to their smartphones. These capabilities will be complemented by the May 2015 roll-out of the company’s next-generation card-linked offer (CLO) program, which allows members to link any debit or credit card to the loyalty program.
While the first release of Apple Watch will attract gold-standard customers: high income, younger, and extremely engaged in digital banking, payments, and shopping, the second wave of adopters will likely follow in 2016 year, which could be the real test for apple.
iPad point-of-sale (POS) solutions provider for retailers and restaurants, Bindo, is teaming with Powa Technologies and APG China, a well-known producer of retail industry cash drawers. Powa Technologies is a specialist in retail commerce and technology hardware.
American Express total volume for the Japan, Asia Pacific & Australia region rose 16% year-on-year (YOY) in the first quarter; the Europe, Middle East & Africa region increased 8% YOY, while the Latin America & Canada billed business declined 4% YOY in Q1, all on a currency adjusted basis. Overall, billed business outside the USA was up 8% YOY.
The number of U.S. credit cards issued on the Visa, MasterCard, American Express and Discover networks is expected to reach 943 million by year-end 2019. According to forecaster RAM Research, the U.S. credit card industry is growing at a CAGR of 9.08%.