The CFPB’s Arbitration Study, released this week, found nearly 75% of consumers surveyed were unaware whether the contracts they signed included an arbitration clause. Of the consumers surveyed, fewer than 7% actually understood that an arbitration clause would preclude them from suing the company.
Discover Financial Service (DFS) and Global Payments (GPN) have buddied to streamline acceptance of Discover cards for merchants in Canada. The new, comprehensive solution will offer a single statement.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Eric Marks, Managing Director of Auriemma Consulting Group.
MasterCard is hosting a contest for entrepreneurs’ best Priceless Elevator Pitch for a chance to win $15,000. The promotion is part of the annual Mashable House held in conjunction with
the annual SXSW Interactive in Austin.
In today’s CardFlash News Que: BLUEFIN; NCR; BANKRATE; AND MYECHECK.
Tokyo-based JCB is opening the JCB Plaza Kyoto customer service center for visitors to Japan on April 1st. The new JCB Plaza Kyoto offers JCB services to support travelers such as sightseeing information, restaurant and hotel reservations, free internet browsing and daily baggage check.
A solution that can make ubiquitous mobile payments a reality for all phone users, plus makes transactions secure, convenient, easy, and affordable and it has endless possibilities in the realm of secure identification is here.
Conferma has inked Fox World Travel to provide clients the ability to generate on-demand single use virtual credit card numbers (VCNs). Virtual credit cards offer secure payment for travelers without corporate cards and replace traditional hotel direct bill accounts.
VISA ReadyLink has been integrated into Walmart’s Rapid Reload network of prepaid card programs. Visa reloadable prepaid cardholders can now add funds to their general purpose reloadable (GPR) cards at participating Walmart stores.
The Financial Obligations Ratio (FOR) has declined to 15.28%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) has plunged to 9.92%, the second lowest ever recorded in 35 years. However, this trend my reverse in 2015 as the economy heats up.
UK consumer spending growth trends continue to validate household spending is in its strongest of times since 2010. February Expenditure was up by +1.2% year-on-year, following a similar increase in January (+1.4% on the year).
While the total number of U.S. Visa (V) and MasterCard (M) credit plus debit Cards-in-Force (CIF) topped one billion in 2013, the number of Gross Accounts (GAC) is ready to cross the milestone in 2015. RAM Research forecasts a total of 942 million V+M GAC in the first quarter.