Bank Alfalah to massively issue 1.5 million China UnionPay cards in Pakistan. Bank Alfalah is the largest merchant acquirer in Pakistan. Before this move, UnionPay International has partnered with the Bank in enabling all ATMs, POS Network and merchants subordinate to the Bank to accept UnionPay cards. These merchants include supermarkets, departmental stores, brand chain…
One of the largest and fastest growing credit card issuers in the United States, Credit One Bank has entered into a multi-year partnership with NASCAR to include official agreements with both the sanctioning body and one of the most successful teams in auto-racing, Chip Ganassi Racing. The collaborations designate Credit One Bank as the “Official…
Visa has unveiled a new service to help Visa issuers empower consumers to monitor and control how, where, and when their Visa credit, debit, and prepaid accounts can be used. With real-time visibility and control over their accounts, consumers can take immediate action to protect themselves from security threats and fraud. Visa Consumer Transaction Controls,…
Corporate Insight, a provider of competitive intelligence and user experience research to the financial services industry named Chase to its Credit Card Monitor Awards. For more than 15 years, Corporate Insight has presented its annual Gold, Silver and Bronze awards to recognize the most innovative and valuable digital offerings in the annuity, banking, brokerage, credit…
The Chinese payment cards market grew at a CAGR of 18.2% during the period 2012-2014 and is expected to grow at a CAGR of 4.9% over the period 2015-2020. The total number of cards in circulation reached 4,949.2 million by the end of 2014, whereas the total population of the country reached 1.3 billion; representing…
Heartland Payment Systems has acquired privately held Beanstalk Data, a leading provider of customer engagement platforms for restaurants in the USA. The acquisition allows Heartland to help restaurants seamlessly integrate their customer relationship management (CRM) systems and marketing and engagement programs with the Heartland point of sale (POS) and e-commerce solutions. Headquartered in Charlotte, N.C.,…
Starr Companies announced the availability of travel insurance and payment card assistance services for travel to Cuba. These plans provide trip cancellation and trip interruption insurance as well as accident and sickness benefits. In addition, the plans provide the coordination of medical and assistance services for travelers during their travel and visit to Cuba. The…
Still-low oil prices could prove to be a boon for already-strong U.S. credit card ABS performance in the coming months. According to Fitch Ratings oil price declines are leading to a sustained drop in gasoline and heating oil prices this winter, which is adding more savings into U.S. households. Fitch notes this could benefit certain…
WY-based Luxury Card has launched three new metal credit card products with patented designs and construction: the top-tier MasterCard Gold Card, the mid-level MasterCard Black Card and the base-level MasterCard Titanium Card. Luxury Card is the only credit card program in the world to offer a complete suite of metal and carbon cards, a proprietary 24K-gold-plated…
UnionPay International says its credit cards would now be accepted at all FamilyMart stores in Japan. Now, all the three major chain convenience stores in Japan, namely Lawson, 7-ELEVEn and FamilyMart, accept UnionPay cards and allow for easy PIN-free payment which is widely adopted at local convenience stores. According to data released, nearly 5 million…
Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 13% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 18% surge in Purchase Dollar Volume (PDV) for the fourth quarter as other metrics are concerning. As the most U.S. inclusive issuer, COF reported a…
Wirecard Card Solutions is now the card issuer of the new ‘FromMe2You’ Gift Card, offered by the Irish Program Manager The Gift Card Company. This multi-store gift card can be purchased online at www.me2you.ie or in store at participating Topaz stations nationwide and has the backing of over 3,000 of Ireland’s top retail stores to…