New survey shows mobile payments will be secure enough to the point where traditional methods (such as cash and credit cards) would no longer be required, 70% of respondents indicated a major shift by 2030. IEEE announced the findings of an online survey that detail more than 1,900 technology enthusiasts’ views on digital safety and…
TSYS’ ProPay ankled El Paso Area Teachers Federal Credit Union (TFCU) for its ProPay’s LenderPay solution to help provide members with new loan payment options above and beyond mobile apps and online bill pay. Members can now use their preferred debit card, credit card or bank account to pay TFCU loans by responding to a…
JCB and UniCredit have launched a partnership to broaden JCB card acceptance in Italy for tourism and business. The deal enables the use of JCB cards at UniCredit ATMs and Italian merchants who are clients of the banking group, significantly increasing JCBI’s presence in the Italian market and offering more choices to UniCredit customers. JCBI…
Kasasa f/k/a BancVue accountholders can now use their institution-issued credit card to qualify for rewards by employing Credit Card As A Qualifier (CCAAQ). A segment of consumers prefer credit cards as their primary method of payment for convenience and budgeting instead of using debit cards, checks or cash. By using CCAAQ, community financial institutions (CFIs)…
China UnionPay is expanding Cloud QuickPass overseas. There are more than 7 million QuickPass terminals in China. Nearly 180,000 POS terminals in Hong Kong, Macao, Taiwan, South Korea, Australia, New Zealand, Singapore and other markets have been enabled to accept QuickPass. In 2015, the overseas transaction volume of UnionPay QuickPass registered a year-on-year growth of…
Cubic, along with Transport for London (TfL) received another major honor for London’s contactless bankcard system. After winning the ‘Technological Innovation’ award at the 18th annual Rail Business Awards. The premier event recognizes excellence and innovation in the United Kingdom’s rail sector. This is the eighth major award for Cubic and TfL’s contactless system. Launched…
ALDI grocers, will now accept credit cards – including Visa, MasterCard, Discover and American Express – at all of its stores across the country. This move is yet another way ALDI is making grocery shopping as simple and enjoyable as possible for its more than 30 million customers each month. ALDI offers the best weekly…
Women Impacting Public Policy (WIPP) and American Express OPEN have commended the U.S. Government’s achievement of awarding 5% of its annual federal contracts to women-owned small businesses. This is the first time since the goal was set more than twenty years ago. The five percent goal was put in place as part of the Federal Acquisition…
While U.S. finance executives are less optimistic than last year, their confidence in the U.S. economy remains above the global average of 65%. According to a new survey from American Express and CFO Research, 75% of U.S. finance executives report that their companies’ revenues are higher now than a year ago, outperforming any other country…
GlobeSherpa continues to expand its mobile book-and-pay ticketing for public transit. The Metropolitan Transit Authority of Harris County (Houston METRO), has launched the “METRO Q Mobile Ticketing” mobile application. The new METRO Q Mobile Ticketing app allows Houston residents and visitors to purchase mobile tickets for METRO bus and METRORail and use them directly from…
Citi and American Express have inked a deal for Citi to acquire Costco’s U.S. co-brand credit card portfolio. The sale is expected to close June 2016, at which time all eligible Costco American Express Card cobranded accounts will be transferred to Citi. Additional details will be provided to Card Members in advance of the partnership…
CT-based CardFellow released an infographic version of its popular blog post offering detailed information about the rules surrounding surcharges. The infographic combines information on card brand regulations, consumer opinions of surcharging, and details on credit card usage in order to highlight the multiple facets involved. Credit card processing costs have long been a thorn in…