Atlanta-based Global Payments reported revenues grew 12% to $704.9 million in the third calendar quarter (fiscal first quarter 2015 ending August 31) compared to $629.7 million in the year ago quarter.
TX-based First American Payment Systems latest 1stPayPOS software update enables merchantsto add their logo to the top of the receipt as well as a barcode discount feature that allows the merchant to offer a dollar or percent discount to customers.
Wells Fargo has joined American Express’ OptBlue, the new merchant acquiring program that seeks to expand AmEx U.S. card acceptance among small merchants. The addition of Wells Fargo brings the number of participating acquirers in OptBlue to 12, six of which are in the top 10 in the U.S.
Europe’s leading beauty retailer is partnering with the first European cross-channel payment solution. Douglas perfumeries will initially integrate Yapital in all 450 stores in Germany by November
IN-based Allied Payment Network, an online and mobile bill payment services specialist, has introduced an online loan payments option for financial institutions. PortalPay seamlessly operates as a landing page within the bank or credit union’s website.
The Bluetooth Connected Card Platform has picked up interest and funding. MI-based Stratos is the developer of the card which combines all plastic cards into a single, smart, and dynamic card.
CardWeb.com’s CardData financial database projects Citibank’s U.S. bank credit card profits will decline slightly in the third quarter to $549 million. Citibank’s U.S. bank credit card profits rose 27% year-on-year (Y/Y) and retail credit card profits rose 11% Y/Y in the second quarter of 2014 (Q2/14).
The highest-status JCB card in China has been launched targeting the growing market of ultra-affluent Chinese consumers. The JCB Ultimate card will be issued by China CITIC Bank.
After declining over the past five years, Irish payment card Gross Dollar Volume (GDV) is expected to grow at a compound annual growth rate (CAGR) of 3.23% through 2018.
Bank of America (BofA) is starting today to add chip technology on all new and reissued consumer and small business debit cards. BofA has been issuing chip consumer, commercial and corporate credit cards in the U.S. since 2012.
Financial institutions (FIs) will now be able to able to instantly issue a fully personalized, activated physical magstripe or EMV debit or credit card and have the option to also issue a companion virtual payment credential.
American Express Serve and Intuit have teamed to offer consumers a new paperless option for IRS tax refunds. Tax preparers will now be able to issue a new American Express Serve Card as soon as the funds are transferred from the IRS.