American Express today announced its full service reloadable prepaid Account, American Express Serve, will be available for purchase at 4,100 Walmart stores nationwide. These Walmart stores will also become a part of Serve’s free cash reloading network. This means Serve customers can now add cash to their Account for free across 19,500 U.S. Walmart, CVS/pharmacy®, and participating 7-ELEVEN® locations.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fifth Third Bancorp reported first quarter 2014 net income of $318 million versus net income of $402 million in the fourth quarter of 2013 and $422 million in the first quarter of 2013. Net income available to common shareholders was $309 million compared with $383 million in 1Q/13, and $413 million…
Issuance of the Russian Discover card has been underway for more than a month. The card, a partnership between Russian Standard Bank and Discover Financial Services, was announced in September. The new card offers cashback bonus for purchases made in certain merchant categories, similar to the U.S. Discover card.
Domino’s Pizza is adding even more convenience to its customer experience by integrating Google Wallet with its Android ordering app. Domino’s customers who have an Android device can now pay for their online orders using Google’s digital wallet. Domino’s customers who place an online order of $10 or more using the Android ordering app and pay by selecting the “Buy with Google” button at checkout will receive a free order of Domino’s new Specialty Chicken, now through June 15.
NetSpend, a TSYS Company and prepaid cards, partnered Western Union to develop an innovative co-branded prepaid card, available later this year. With approximately 68 million Americans are financially underserved without access to traditional forms of banking, many are turning to prepaid cards to spend, save and manage their money. With nearly 18% currently underbanked, NetSpend and Western Union will jointly develop the co-branded card’s custom features through NetSpend’s proprietary, fully integrated payments platform, and plan to deliver the card through a portion of their combined distribution networks later this year. NetSpend maintains an extensive network of 70,000 distribution locations and 130,000 reload points. Western Union offers its services in the U.S. through a network that includes banks, national retail and grocery chains and independent locations.
MasterCard Incorporated announced that its Board of Directors has nominated Julius Genachowski and Merit Janow for election as independent directors at the company’s June 3, 2014 annual meeting of stockholders. Genachowski is managing director and partner at The Carlyle Group and served as Chairman of the U.S. Federal Communications Commission. Janow serves as Dean of Columbia University’s School of International and Public Affairs and has been a professor and served in various leadership positions at Columbia for the past 18 years. Janow served as a member of the Appellate Body of the World Trade Organization, following her tenure as Executive Director of the International Competition Policy Advisory Committee of the U.S. Department of Justice and Deputy Assistant U.S. Trade Representative for Japan and China.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services announced that its Board of Directors has approved a new $3.2 billion share repurchase program and increased the quarterly common stock dividend from $0.20 to $0.24 per share. This replaces the prior $2.4 billion share repurchase program. The company expects to make share repurchases from time to time…
Bricks & Minifigs is now the largest aftermarket Lego store in the country with seven stores, including five family-owned franchise locations and two corporate locations throughout the United States. In need of an integrated mPOS system with sales, inventory and customer engagement capabilities from a provider that understands the retail space, they signed with NCR to deploy its Silver POS solution. Employees find that helping customers is easy with Silver since current inventory and customers’ purchase histories are both just a click away. The mobile POS also streamlines operations and helps the retailer operate with real-time data and customer information just as an e-commerce site does. Bricks & Minifigs uses the NCR solution to manage their email marketing campaigns and loyalty programs.
Cubic Transportation System and the New South Wales (NSW) state government are celebrating the successful – and ahead of schedule – rollout of the new Opal smart card to all train stations in the greater Sydney area. Opal became available to all train passengers in the region on April 11 in what the state Minister for Transport Gladys Berejiklian described as an important milestone for public transport. The trains are the backbone of the public transport network in the greater Sydney area, carrying more than 304 million passengers a year and averaging about 1.5 million trips each working day.
Millions of customers transfer money domestically each year, many of them struggling to navigate the complex and costly fees that come with each transaction. Today, Walmart and Ria are launching a retail industry first – Walmart-2-Walmart Money Transfer Service. Available April 24, the new low-cost service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for up to 50 percent less than similar offerings on the market.
Walmart and Ria are launching the Walmart-2-Walmart Money Transfer Service allowing users to transfer money to and from more than 4,000 Walmart stores nationwide. Walmart-2-Walmart offers a clear fee structure with just two pricing tiers: customers can transfer up to $50 for $4.50 and up to $900 for $9.50. Competitive offerings often include 10 or more fee tiers and charge up to $70 for transferring less than $1,000. Money transfers above $50 make up the majority of transactions in the U.S. Walmart-2-Walmart will bring dramatic savings to these customers. Walmart also offers other everyday money services such as check cashing, bill pay, money orders and tax preparation services, as well as industry-leading pre-paid card programs though the Walmart MoneyCard, and Bluebird, a checking and debit alternative.
American Express posted a 1Q/14 net income of $1.4 billion, up from the year ago figure of $1.3 billion. Meanwhile consolidated total revenues totaled $8.2 billion, up 4% from the year ago figure of $7.9 billion, due in great part to more Card Member spending.