U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers gained a mere 2.6% in the third quarter year-on-year (YOY) to $479.4 billion. Capital One continues to smoke the peer group with a 12% YOY gain.
Amazon has inked Payoneer to expand cross-border payment options to sellers from 24 countries who sell on marketplaces in the U.S., Spain, France, Italy, Germany and the UK.
Walgreens Balance Rewards members can now seamlessly use their account through Apple Pay – without separately scanning a Balance Rewards card or barcode. More than 85 million active Balance Rewards members will have the ability to earn and redeem loyalty points via Apple Pay.
GA-based FleetCor Technologies, a major provider of fuel cards and workforce payment products to businesses, reported total revenues increased 53% to $451.5 million in the 3Q/15 compared to $295.3 million in 3Q/14.
TX-based Perk.com reported total revenue increased by 156% to $13.3 million for the third quarter 2015. Gross profit was $6.3 million, or 47% of total revenue.
Scotiabank and Interac have launched the Bulk Interac e-Transfer for Scotiabank’s business banking customers. This service extends the Interac e-Transfer service to Scotiabank’s business banking customers by offering a streamlined, secure and cost-effective alternative to cash, cheque or prepaid card disbursements.
Rewards Network has launched TrueBlue Dining in partnership with JetBlue. By dining at participating locations, TrueBlue members can earn TrueBlue points through the TrueBlue Dining program. Points are redeemable for JetBlue flights, JetBlue Getaways vacation packages, and various publications and products.
CA-based prepaid card specialist Green Dot reported financial reported consolidated GAAP and non-GAAP total operating revenues of $146.4 million and $146.5 million, respectively, following the major loss of MoneyPak. Green Dot generated net cash from operations of $114 million year to date.
FL-based Electronic Payments has acquired substantially all the assets of Exatouch Point of Sale, a PA-DSS certified cloud-hybrid point of sale software system providing customized solutions to merchants nationwide.
In today’s CardFlash News Que: US BANK (ScoreBoard); CARDFELLOW (Dharma); MASTERCARD (Thailand); and ETA (TRANSACT).
In today’s CardFlash News Que: DEEM (ARP): ENSENTA (VALID); CITIZENS (commingling); and STATISTA (gambling).
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.0% year-on-year (YOY) in Q3/15 reaching a record $1214 billion. Visa led the way in the third quarter posting a 9.7% YOY gain for U.S. PDV, according to CardData.