Verifone and ATIO Group, a provider of retail fuel technology in Mexico and other Latin American markets, inked a deal to provide integrated payments technology to Mexico’s petroleum retailers. Mexico is the sixth largest consumer of motor gasoline and diesel with more than 11,000 filling stations across the country, and its energy market deregulation allows…
NerdWallet has ankled Tapan Bhat, veteran technology leader and former Realtor.com Chief Product Officer (CPO), as its first CPO. NerdWallet provides free tools and clear, unbiased advice to help consumers choose the best credit cards, mortgages, banks, insurance and other financial options for their lives. Bhat will report directly to co-founder and CEO Tim Chen.…
The new Chase Ink Business Preferred credit card rewards the spending of today’s businesses with three points per dollar on the first $150,000 spent each account anniversary year in combined purchases on travel, shipping purchases, advertising purchases with search engines and social media sites, and on internet, cable and phone services. New Chase Ink Business…
After a pilot of 500 people Societe Generale is one of the first global banks to offer its retail customers in France these next-generation cards featuring a dynamic security code. OT MOTION CODE, developed by Oberthur Technologies, consists in replacing the 3-digit security code usually printed on the back of the card with a mini-screen…
LendingTree has acquired Iron Horse Holdings, which does business under the name CompareCards. CompareCards is a leading online source for side-by-side credit card comparison, comprehensive credit education and credit health management. CompareCards provides consumers with one centralized location for pertinent credit card information needed to find the best card for their needs. “CompareCards has an…
Wells Fargo third quarter (3Q/16) consumer credit card purchase dollar volume (PDV) was up 7.1% year-on-year (YOY) as purchase transactions (PTX) rose by 11.4%. Active mobile users of Wells Fargo surged 17.5% YOY. Average consumer credit card 3Q/16 outstandings grew 8.4% YOY to $35.0 billion, compared to $34.1 billion for 2Q/16 and $32.3 billion for 3Q/15.…
U.S. consumer revolving credit card soared in August, growing at an annual rate of +7.0%, compared to a revised +3.4% annual rate in July and a revised +11.4% annual rate in June. Overall consumer credit increased at a seasonally adjusted annual rate of +8.5% in August. Non-revolving credit increased at an annual rate of +9.0%.…
Worldpay is helping UK retailers reduce the complexity and cost associated with gaining PCI compliance by becoming the first payment acquirer to be able to offer customers a complete end to end omni-channel payments service that includes Point to Point Encryption (P2PE) Version 2 certification from the Payments Card Industry Council. The cost of PCI…
CPI Card Group unveiled a new design option for payment cards: an edge-to-edge metal card. CPI developed the metal card to provide an ‘elite’ feel.” The new EMV-capable metal option, fully available in the first quarter. The new card provides a distinct, metallic look and feel that cannot be duplicated with other print methods, and…
Australian credit card outstandings rose by 1.4% year-on-year (YOY) in August. Credit card credit limits increased 2.7% YOY and the number of credit card accounts rose 2.7% YOY in August. Article – Australian credit card outstandings rose by 1.4% year-on-year (YOY) in August. Credit card credit limits increased 2.7% YOY and the number of credit…
Dallas-based Alliance Data Systems (ADS) reported a third quarter (3Q/16) year-on-year (YOY) surge in credit card outstandings, purchase dollar volume (PDV) and Card Services revenue. Overall revenue and income were pressured by currency exchange rates (FX). ADS reported gross revenue rose 18.7% YOY in 3Q/16 to $1886 million, compared to $1749 million for 2Q/16, and…
MasterCard has inked a Memorandum of Understanding (MoU) with Tunisia Post to develop and launch new digital financial services and promote the innovative adoption of electronic payments in the country. Both entities are striving to bring financial inclusion into the Tunisian economy through digital payments services. Building on decades of cooperation between the two organizations,…