Alliance Data Systems card services will extend its Instant Issuance capability to incorporate EMV technology for co-brand cards and offer private label credit cards that can be printed onsite at retail locations, with an eye towards grand openings and other special events. This will enable customers to apply for a credit card and have in-hand…
Between 2013 and 2015, U.S. commercial card purchase volume grew at a compound annual growth rate of 9%. The major industry growth driver is electronic accounts payable (EAP) as both buyers and suppliers have increasing awareness of the value of card-based products in the payables flow. According to Mercator Advisory Group the increase in U.S.…
A new survey (58%) of consumers who have a credit card found they preferred cash back rewards, topping interest in travel rewards, store promotions and introductory interest rates or bonus rewards. Furthermore, the study found 66% would be interested in a credit card that would give an additional bonus on cash back rewards if those…
SC Kazkommertsbank, one of the largest acquirers and credit card issuers in Kazakhstan, is commencing Diners Club card business operations in Kazakhstan. Diners Club International is part of Discover Global Network. Kazkommertsbank will be the exclusive acquirer in Kazakhstan for Diners Club and other cards issued on Discover Global Network, which is made up of…
Retail Council of Canada says it has been the main advocate for a regulated solution to the credit card fee problem and welcomes this opportunity to shine a light on the multi-billion dollar costs imposed on all Canadians, including merchants, by Visa and MasterCard. Simply put, credit card interchange fees are far too high, with…
In Other News: UATP (Affirm); SUPERCOM (Nofshonit); HOYOS (Veridium); and USAT (FreshBrew). UATP – UATP has teamed up with Affirm, an innovative financial services provider, to provide technology that will allow airlines’ customers to purchase airfare in flexible installments, without a credit card. The partnership builds upon UATP’s payment technology platform providing speed to market for…
Allegiant and Bank of America inked a new relationship to launch the Allegiant World MasterCard. This is Allegiant’s first credit card program, and will allow cardholders to earn three points per dollar on Allegiant purchases, two points per dollar on qualifying dining purchases, and one point per dollar on all other purchases. Article – Allegiant…
Visa, now in its 20th year of sponsorship of the Toronto International Film Festival (TIFF), will roll out the red carpet for a lineup of innovative payment experiences showcasing the future of commerce. Until September 18th, VISA will provide festival-goers with the opportunity to experience the first-of-its-kind Connected Screen powered by Ingenico Group, which is…
In Other News: I2C (TIS); ADS (agreement); SHIFT4 (Multidev); and WEDI (principles). I2C -i2c will co-host a seminar with its strategic partner, TIS Inc., in Tokyo, Japan on September 13, 2016. i2c and TIS will speak to an audience of Japanese card issuers, program managers, fintech providers, and the press about emerging trends, innovation, and…
Bahrain’s card payments channel recorded strong growth at a CAGR of 11.08% between 2008 and 2012. This was mainly driven by growth in the prepaid and debit card categories. The total number of cards in circulation increased from 654,118 in 2008 to 996,028 in 2012. Over the next 5 years, the card payments channel is…
In Other News: ABACUS (AXP); PAYSAFE (Platform); NETS (IPO); and ACI (EBH). ABACUS – Abacus has integrated with American Express to pull in a direct feed of corporate card transaction data into the Abacus platform. When this data is programmatically imported into Abacus, finance teams will be able to leverage more accurate and higher quality…
Oberthur Technologies and Japan’s Toppan Printing a partnership to provide Japanese cardholders with OT MOTION CODE, a dynamic cryptogram payment card, and with COSMO OTP, a payment card that generates One-time passwords (OTP). The OT MOTION CODE solution provides an extra layer of security for e-commerce. The technology replaces the static printed 3-digit security code…
