Nationwide Continues Blistering Battle with CFPB Operation Choke Point Litigation

Nationwide Biweekly Administration (Nationwide) has been allowed to move forward with its Operation Choke Point claims against the Consumer Financial Protection Bureau (CFPB). Operation Choke Point is a U. S. Department of Justice initiative meant to block access to payment systems by targeted businesses and shut them down without a court order. In an order…

Turkish Airlines Joins 35 International Airlines Accepting China’s UnionPay

UnionPay reports the official website of Turkish Airlines accepts UnionPay and the website of AirAsia support multi-currency payment with UnionPay cards. So far, 35 international airlines outside mainland China support online ticket booking with UnionPay cards, and many also provide exclusive offers for UnionPay cards. Recently, UnionPay International has reached cooperation with two more internationally…

Top 4 U.S. Credit Card Issuer Outstandings Up 9.1% YOY – CardData.com

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained 9.1% in the third quarter (3Q/16) year-on-year (YOY) to $394.5 billion.  The gain was driven largely by Citibank as its acquisition of the Costco card portfolio from American Express has skyrocketed outstandings. BofA was unseated as the nation’s second largest in the second…

Wirecard’s Merchant Acquiring Services Comes to AU via Cuscal

Cuscal, one of Australia’s top payment services companies, is working to allow Wirecard’s merchant acquiring services throughout Australia, with Cuscal as acquiring BIN sponsor. That includes the use of Wirecard’s proprietary omnichannel payment processing platform to receive credit and debit card transactions in Australia. The partnership with Cuscal allows Wirecard to offer Australian and global…

Asian SMBs Targeted for SaaS via the Visa Business Hub in Singapore

Deskera, a specialist in Software as a Service, has inked a partnership with Visa, to provide SaaS to Small and Medium Businesses (SMBs) through the Visa Business Hub (VHB) in Singapore. The VHB, launched earlier this year, is a one-stop portal that delivers tangible value to business customers in Asia. The Deskera and Visa collaboration…