Credit Cards Play a Vital Role in Small Business Survival & More So in 2017

Four out of five small businesses have a positive outlook and expect 2017 to be a good time to borrow funds to invest in their businesses. Nearly all have some type of business account with a financial institution including eight out of ten who have a business credit or charge card. Mercator Advisory Group fielded…

Major Sub-Prime Credit Card Issuer Erects a New Headquarters in Las Vegas

Credit One Bank, one of the nation’s top sub-prime credit card issuers, broke ground on its new headquarters in Las Vegas. Scheduled to be operational by the end of 2017, the new headquarters can accommodate up to 500 new jobs, including technical, analytical and marketing positions. Credit One Bank offers a range of full spectrum…

UnionPay’s X-Border Marketing U Plan Adds China Everbright Bank

China Everbright Bank is now deploying U Plan, the cross-border marketing service platform launched by UnionPay International. From now on, customers may get exclusive U Plan coupons via the mobile app of CEB credit cards. Shopping at merchants outside mainland China, customers are able to enjoy the highest discount available by presenting the coupon and…

Real Consumer Transaction Analysis Confirms Holiday Spending Up 9% YOY

The best consumer spending analysis, based on actual consumer transactions rather than surveys or speculation, for Thanksgiving, Black Friday and Cyber Monday shows overall spending growth was up 9.0% year-over-year (YOY), compared to 9.4% in 2015 and 3.5% in 2014. The First Data SpendTrend also showed the total share of eCommerce spending has gone up…

Layered Payment Security Comes to Resort Property Management

Shift4 and Resort Data Processing (RDP), provider of property management software, are now offering a joint EMV-certified solution for vacation rentals, timeshares, resorts, hotels, campgrounds and private residence clubs. The solution includes: Layered payment security: EMV helps prevent the fraudulent use of stolen card data in card-present environments. With Shift4’s DOLLARS ON THE NET and…

Wirecard to Enable Purchase Insurance at POS w/Credit Life’s boon

Wirecard is gearing-up to integrate coverage solutions from Credit Life International in its mobile payment solution. Soon, purchases made by users via the mobile app can also be insured at the touch of a button during the checkout process. The combination of payment and insurance is extremely convenient for users.  A fully digitized prepaid MasterCard,…

Global E-Commerce to Grow Double-Digits YOY by 2020

New research reveals alternative payment methods are set to replace card payments by 2020. Worldpay’s latest global overview of online payment habits, the Global Payments Report, predicts the global e-commerce market will grow 10.4% by 2020. The report, which compiled data from 30 countries, suggests China, the U.S. and the U.K. will continue leading the…