In today’s CardFlash News Que: FINCITY (Aurora); PARKING PANDA (Button); ARROWEYE (MetaBank): and VERIFONE (VAI).
Chase unveiled the Chase Freedom Mobile App for cardholders. The free app, available on both the on both the Apple App Store and Google Pla, allows cardholders the ability to redeem their cash back rewards and pay at the register at 30 merchants.
CardWeb.com’s CardConferences today features the PayThink Conference at The Cosmopolitan in Las Vegas, September 28-30.
In today’s CardFlash News Que: EBANK (debit cards); MasterCard (Media-Saturn); LOYLOGIC (PayPoints); and WISEKEY (conference).
American consumers continue in a buying mode after ratcheting up revolving credit by $4.3 billion or 5.7% year-on-year (YOY) in July. Total revolving credit (revised) for the first quarter is $890.8 billion, compared to $910.3 billion (revised) for the second quarter and $914.6 billion in July 2015.
Eight out of 10 global shoppers’ purchase decisions are now informed by a digital device, with consumers saying they are smarter shoppers and getting more value than before. However, though in-store sales still account for more than 90% of all retail spending, the result is a more focused in-store shopper buying from a narrower list of unique stores than in years past.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Udi Mokady President and CEO of CyberArk.
Houston-based Cardtronics has renewed its ATM services agreement with Target. The latest agreement, a long-term renewal, extends a relationship between the two companies that was established in 2001.
MasterCard announced Google will be among the first digital partners to follow Samsung to participate in its Digital Enablement Express program, which the company launched this week with support from several leading banks.
CardWeb.com’s CardData database of Company Profiles today features SayPay Technologies.
Mobile payments got a huge kick this week with the introduction of a wide band transistor optimized for DC-2.7 GHz operation and built using proprietary 4th generation GaN on Silicon (GaN on Si) process.
The Consumer Financial Protection Bureau nailed of the nation’s two largest debt buyers and collectors for using deceptive tactics to collect bad debts. The Bureau found that Encore Capital Group and Portfolio Recovery Associates (PRA) bought debts that were potentially inaccurate, lacking documentation, or unenforceable.