More than eight of 10 U.S. MasterCard consumer credit cards have chips, representing an 88% increase in chip card adoption since the 2015 liability shift started to bring EMV-secured payments to the U.S. MasterCard also sees 1.7 million chip-active merchant locations on its network, representing nearly 30% of the U.S. merchant population and a 374%…
In Other News: NXT-ID (patent); SIGNAPAY (exec); SYNCHRONY (Rheem); and PENFED (CUNA). NXT-ID – NXT-ID has announced the issuance of patent number 9407619 by the USPTO for risk aware end to end multi-factor authentication. SIGNAPAY – Matt Nern has joined SignaPay PayHub as the Vice President of Sales. Mr. Nern brings almost two decades of…
JCB International announced Takashimaya Company, Limited (Takashimaya) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will start issuing JCB credit cards. Takashimaya’s new Ho Chi Minh City Takashimaya is located in the Saigon Centre shopping center, opening on July 30. Takashimaya has 19 department stores in Japan and one each in…
A new report says consumers nowadays are shifting to more convenient ways to pay for products and services, and this include the use of credit cards. However, rapid advancements in technology pose security threats, thus influencing spending trends. Four credit services equities are signifcant: Capital One, CIT Group, Equifax and Fifth Street Finance Corp. Capital…
In Other News: BASKIN (m-app); CARDCONNECT (acquisition); TOTAL (Groovy); and PASA (biometrics). BASKIN – Baskin-Robbins’ guests now have a cool new way to enjoy their favorite frozen treat as Baskin-Robbins launched its new mobile app for iPhone and Android users. In addition to money-saving deals, ice cream fans can use the app to pay for…
UnionPay has teamed with Air China and China Eastern Airlines in offering flight reward points for cardholders who use UnionPay cards overseas. All members of these two airlines, which cover about 55% outbound flight passengers, can participate in this activity. As the number of China’s outbound tourists keeps growing, UnionPay International continues to enhance its…
Tokyo-based JCB is launching a new JCB global website on August 3rd. The website has a portal function to link to a wide range of other JCB websites in many countries/territories. The new site is a new and easy-to-navigate website that offers comprehensive information about JCB corporate, products and services. At the same time as…
Bancolombia and First Data have inked a deal to integrate and strengthen their technology platforms in order to improve and diversify services for business owners in Colombia. The companies will focus on building commerce technology solutions for merchants and facilitating access to the banking system, offering advanced technology and secure, efficient transactions. First Data and…
JCB has teamed with the National System of Payment Cards (NSPK), a subsidiary of Central Bank of Russia, to issue co-badged Mir/JCB cards that can access to the Mir merchant network in the Russian Federation and JCB’s global network with about 31.1 million acceptance locations. Mir is the Russian national payment brand operated by NSPK,…
In Other News: ADS (deal); WISEKEY (BVLGARI); ICBA (CEO); and FIS (PAI). ADS – Alliance Data Systems announced its Columbus, Ohio-based card services business, a premier provider of branded private label, co-brand and commercial credit programs, has inked a new long-term agreement to provide private label credit card services for Secaucus, N.J.-based The Children’s Place,…
In Other News: EXPENSIFY (platform); CORECARD (EMV); TSYS (Lloyds); and MERCATOR (debit). EXPENSIFY – Expensify announced an integration platform that will eliminate receipts for business purchases. Called ReceiptBurner, the program’s initial launch partners include Uber, HotelTonight, Revel Systems, SaneBox, and Fujitsu ScanSnap, with more planned in the coming months. These services utilize the ReceiptBurner integration…
American Airlines and its partners in the AAdvantage credit card program have inked new agreements to extend their relationships and continue providing AAdvantage miles and other benefits to customers. The deal will allow Citi to continue offering its lineup of cards to new customers through multiple exclusive channels such as digital – including aa.com –…