When the Federal Deposit Insurance Corp. (FDIC) disclosed in 2014 that they were withdrawing a list they created of merchant categories that were deemed high risk and warranted heightened attention, they acknowledged that this list was used by issuing banks as justification to sever ties with merchants who fell into these categories – leaving the…
Credit One Bank unveiled the Official Credit Card of NASCAR. The Credit One Bank NASCAR credit card provides 1 percent cash back on eligible purchases and 2 percent cash back on purchases made at NASCAR.com. Card members will also have access to exclusive one-of-a-kind NASCAR experiences, discounts, and promotions. This new credit card coincides with Credit…
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…