CardWeb.com’s CardPixes database of more than 7,000 images today features the Capital One Playstation Visa.
Anyone worth their salt in the payments arena is aware of the patent troll threats. Dubious patents to extract fees from banks, credit card companies, financial institutions and other payment technology providers are a constant threat.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Paul Rasori, Executive Vice President, Product and Marketing of PowaPOS.
Bonita Springs, FL-based CSI globalVCard has added a mobile payment app for Android users. This latest product development effectively doubles the potential customer base for globalVCard.
Herzliyah, Israel-based Supercom is acquiring Prevision. SuperCom specializes in solutions for e-government, public safety and mobile payments.
Pasadena, CA-based prepaid card specialist Green Dot has appointed Chief Technology Officer and Executive Vice President of Product Development, Kuan Archer, to Chief Operating Officer (COO).
Credit card portfolio valuations are set to decline and the value reductions will appear in earnest by 2017. Driving the change are both changes in card business models as well as regulatory and accounting rule changes.
TSYS has named Thomas Boyer as president of TSYS Merchant Solutions, its direct acquiring business unit. Prior to joining TSYS, Boyer was senior vice president, portfolio management, at Bank of America Merchant Services.
Dallas-based private label credit card specialist Alliance Data Systems (ADS) reports delinquency and charge-offs declined again in November. The trend mirrors the bank credit card market.
CardTrak.com reveals an online scheme luring consumers with “free” access to their credit scores was turns out is was anything but free as the consumer was then billed a recurring fee for a credit monitoring program they never ordered.
CardWeb.com’s CardData financial database projects Visa and MasterCard U.S. Payment Dollar Volume (PDV) will top $1 trillion for the first time in the second quarter of 2015. Currently, U.S. credit card PDV is growing 10.9% annually, U.S. debit card PDV is expanding 7.6% annually.
Citibank continues on its strategy to streamline its Global Consumer Bank and is actively seeking a buyer for its credit card business in Japan. Citi announced on Christmas Day it reached a definitive agreement to sell its retail banking business in Japan to Sumitomo Mitsui Banking.