Fleet Card Leader WEX Adopts Aggregate Data via Custom APIs

Corporate payment solutions WEX inked a new agreement with Crawler2api. Crawler2api is a major provider of custom real-time APIs and transactional bots. The company aims to make data easily accessible for clients while eliminating the need for websites to maintain costly APIs or structured data feeds. Crawler2api’s proprietary crawling framework enables its clients to request data…

CardConnect to be Gobbled Up by First Data in 3Q

First Data has inked a deal acquire CardConnect for $750 million. The transaction is expected to close in the third quarter. CardConnect is a provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. CardConnect processes approximately $26 billion of volume annually from about 67,000 merchant customers which are…

30K+ Attendees to Check-Out Mobile World Congress Americas in Sept

Mobile World Congress (MWC) Americas will debut September 12-14 in San Francisco at the Moscone Center and will be the premier mobile industry event for the Americas. Under the theme “The Tech Element”, Mobile World Congress Americas will be expecting 30,000 professionals from across the mobile industry and adjacent industry sectors to attend. The exhibition…

Late-Stage Delinquency Edges Down Sequentially – Storm Clouds Gather

The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers edged down 1 basis points (bps) sequentially, but up 14 bps year-on-year (YOY) for the first quarter (1Q/17). Early stage delinquency, the precursor of 90+ day delinquency, among the peer group, rose in 1Q/17, according to CardData. For the Top…

Cap One Puts More Spark into its Business Card Product with SBA Month

Capital One Spark Business launched the “We Work As One” campaign to light-up its business credit card product. The initiative will start in Chicago (June), then San Francisco (July), New York City (August), Denver (September) and Boston (October). The new program partners small businesses in select markets with local Capital One Cafés for a series of…

Mastercard Globally OK But U.S. Business Spirals Down for Another Quarter

Mastercard’s U.S. purchase dollar volume (PDV) quarterly year-on-year (YOY) growth has been spiraling down this year tumbling for the fourth consecutive quarter to 2.5% in the first quarter (1Q/17), compared to 2.7% for 4Q/16, and 10.3% for 1Q/16, according to CardData. While overall Mastercard is solid globally its U.S. business is sinking fast. Mastercard reported…

FleetCor on Fire – Q1 Profits Solid & Major B2B Acquisition in the Wings

GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported first quarter (1Q/17) profits jumped 11.3% year-on-year (YOY) as domestic and international transactions also posted double-digit YOY gains in 1Q/17, according to CardData. FleetCor says its fundamentals were strong, organic revenue growth was approximately 10% in the quarter,…