All of the top U.S. issuers posted significant gains in purchase dollar volume (PDV) in Q2/14, with Chase and Capital One leading the charge with double digit gains. However, the growth in PDV is not reflected in bank credit card outstandings.
Cash back becomes a key growth area in the US and the UK, and American Express feels that it represents a similar opportunity in Canada. Therefore welcome two new cards to the market.
MetaBank enters into a GPR deal with Card Limited and takes over the Prepaid Visa RushCard.
MasterCard is announcing today the first class of 7 leading European startups that are developing innovative commerce solutions as part of the inaugural MasterCard Start Path accelerator class.
Oberthur adds display cards to its product arsenal. The acquisition of NagraID Security is an important step for OT in its plan to maintain leadership on its markets.
Leveraging ROAM’s mobile platform and Ingenico’s global EMV expertise, First Data India has launched its own fully branded chip and PIN mPOS solution.
MBNA Platinum Credit Card hits the UK scene with a very long 0% rate on balance transfers. The new MBNA Platinum Credit Card will apply the offer to transfers made within the first 60 days of account opening.
IPC Media embraces Boku’s text-to-pay solution. Boku, a mobile payments specialist, reaches nearly 4 billion consumers worldwide, across 67 different countries with more than 250 operators.
Visa cardholders in the MENA region pick up a new perk: free access to a Bollywood service.
MyECheck, Inc. today announced it has signed an agreement with Sionic Mobile to provide electronic check, fraud control and account services. MyECheck Inc. is a leading electronic payment technology developer and payment services provider. Sionic Mobile markets to smartphone consumers and rewards them for every mobile checkout.
Chase Paymentech, the pioneer of the acceptance of new payment methods, including PayPal, Bill Me Later and Green Dot, reported $209.0 billion in Q2/14 dollar volume. Chase Paymentech’s customer base includes 280,277 merchants with 552,191 locations.
Skrill Group appointed Neil Ward as Group Chief Product and Marketing Officer (CPMO). This new position has been created in order to deliver insight-driven customer value via an aligned product and marketing strategy. Neil will be based at Skrill Group’s global headquarters in London. Ward joins Skrill Group from Skype, where he held the position of Senior Vice President and General Manager of Global Business Operations, overseeing the delivery of user experience and operational delivery in more than 140 countries. Prior to joining Skype, Neil was General Manager of Business to Business Services at BT Group plc and he previously worked in a range of senior sales, marketing and operations positions with organisations including Affinity Cards, Virgin Media, Havas Advertising and Adidas.