UnionPay cards can now be used at more than 170 merchants in Japan providing exclusive privileges and services for cardholders with UnionPay platinum cards and diamond cards, collectively called “premium card” issued around the globe. To date, over 5.4 billion UnionPay cards have been issued worldwide, and the number of premium card holders is increasing.…
In Other News: JCB (Vietnam); LEVVEL (acquisition); QTS (PCI); and CITI (app). JCB – JCB International officially held an event for its 25-year anniversary in Vietnam. In this memorial year, JCB announced that JCB had set a new office in Ho Chi Minh City to enhance brand presence in the market. LEVVEL – Levvel, LLC,…
Miami-based CheckAlt has inked a renewal and an expansion agreement with ItalBank international. CheckAlt will now process all deposits made at ItalBank’s branches, including inclearings processing and CheckAlt Archive. The renewal agreement also includes ItalBank continuing to offer CheckAlt’s Business Capture solution to ItalBank’s business customers. CheckAlt’s Branch Capture consolidates the item processing stream within…
TX-based Soar Payments, a top credit card processor for high risk merchants, now defaults all new clients to enroll in Chargeback’s unique technology-driven solution; sending a strong signal to its merchant clientele that customer disputes need to be taken seriously and managed with proper tools and resources from day one. With Chargeback, Soar Payments’ clients…
Asia-Pacific nearly doubles 2015 fintech financing in the first half of 2016 to the tune of nearly $10 billion, primarily driven by China. Investments in Asia-Pacific have eclipsed North America, which as of July 31 garnered $4.58 billion in fintech investments; and also tops Europe, which attracted $1.85 billion in the same period. More specially investments…
The Wirecard Group with its Turkish subsidiary Wirecard Ödeme Ve Elektronik Para Hizmetleri inked a deal to work together with one of the biggest booking platforms in the Turkish domestic market that offers worldwide travels to its customers, Otelz.com. This cooperation includes that Wirecard processes all credit card payments via the online platform and acquires…
New research reveals most retailers are not successfully executing their social media strategies. About 81% of retailers use social media to engage with customers acknowledge indicate their processes need improvement. According to the BRP SPECIAL REPORT: Enhancing Customer Engagement Through Social Media, social media provides retailers with unprecedented visibility into their customer base. It provides…
In Other News: INGENICO (Datacap); JCB (CSR); FAYSAL (MasterCard); and OT (Discover). INGENICO Ingenico and Datacap Systems, an integrated payments middleware provider, announced the installation of its Pay-at-the-Table solution at Uncle Oogie’s, a New Jersey and Philadelphia-based chain of pizzerias. Using Ingenico Group’s smart terminals, Datacap’s point of sale partner, PDQ Signature Systems was able…
The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the second quarter (2Q/16) increased 5 basis points (bps) sequentially (QTQ), and up 9 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 2Q/16, declined 8 bps QTQ and…
Wirecard reports consolidated revenues in the first half of 2016 by 32.8% to EUR 451.8 million (H1/2015: EUR 340.1 million). In the second quarter, consolidated revenues for the Group increased by 33.6% to EUR 241.3 million (Q2/2015: EUR 180.7 million). Operating earnings before interest, tax, depreciation and amortization (EBITDA) grew in the first half of…
Australian credit card gross dollar volume (GDV) was flat year-on-year (YOY) in June. Purchase dollar volume (PDV) was also flat YOY and cash dollar volume (CDV) declined 2.3% YOY in June. GDV rose in June to AU$26.4 billion, compared to a revised AU$26.9 billion in the prior month and a revised AU$26.4 billion one-year ago.…
In Other News: TSYS (Swisscard); HOTHAND (patent); EXPERIAN (award); and NCR (move). TSYS – TSYS has extended its payments agreement with Swisscard AECS to continue processing the company’s consumer credit and commercial card portfolios on the TS2 platform, as well as to provide other payment services. Swisscard AECS is a joint venture between Credit Suisse…