The American Express’ Bluebird card has launched the “Get 2X” promotion for Walmart customers using Savings Catcher and Bluebird. Walmart and American Express are offering Bluebird for a $0 purchase price in store for the duration of the Get 2X program.
Beijing-based Alibaba announced its online travel business, Taobao Travel will become an independent business and brand named “Alitrip.” Alitrip currently has over 10,000 merchants on its platform providing airplane tickets, vacation packages, hotel booking services, visa application services and tour guide services.
UK-based Optimal Payments will launch an iOS software development kit (SDK) for Apple Pay. Merchants processing Apple Pay transactions through Optimal Payments’ NETBANX gateway will benefit from the added security of credit card processing with Apple Pay and network-level tokenization.
Among the nation’s top six credit card issuers charge-offs for the third quarter (Q3/14) of 2.49% are down 51 basis points (bps) year-on-year (Y/Y) and down 15 bps, quarter-to-quarter (Q/Q). However, the trend may reverse in the fourth quarter as delinquency took a turn North in the third quarter.
A mobile payments war is underway big time as Rite Aid and CVS block Apple Pay in favor of the soon to be introduced CurrentC. With CurrentC merchants will not have to pay swipe credit card network fees and will be able to track and instantly reward customers as a result of the lower fees.