CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the CardWeb.com’s the Western Union TV Spot, ‘Rio 2’.
Toronto-based CanadianForex has launched the “Forex Money Transfer,” the latest advance in currency transfer apps. Forex Money Transfer enables consumers on-the-go to send money in 48 currencies to friends, family and merchants around the globe.
Later this summer, Burger King will expand its use of MasterPass to its app which offers exclusive deals and allows users to locate the nearest restaurant, explore the menu, and pay directly with their phone. Starting this fall, Firehouse Subs will begin accepting MasterPass too.
Capital One second quarter earnings of $830 million were significantly impacted by a $147 million restructuring charge, earnings were further offset by a $41 million build of litigation reserves relative to the company’s U.K. Payment Protection Insurance reserve.
CardWeb.com’s CardPixes database of more than 7,000 images today features the First National Bank of Omaha’s Maximum Rewards Visa.
Credomatic’s credit card businesses and banking operations in the Central American countries, with the exception of Panama, CIC is positioned to have one of the strongest financial franchises in the region. The group is a leader in the credit card business, while having a dominant market share in the acquiring and issuing businesses.
A recent survey shows more than half of parents with students in grades K-12 are likely to set a budget for back-to-school expenses. College students are focused on items they need – 83% plan to reuse where possible and replenish essentials, and 63% will refer to last year’s spending as a guideline.
In today’s CardFlash News Que: ELIOT (Womply) and Barclays (Elkhorn).
Visa’s profits are soaring and the deal to acquire Visa Europe looks like it will happen by the end of the year. Second quarter adjusted net income jumped 33% year-on-year (YOY) to $1.8 billion. Visa says it is targeting to resolve these Visa Europe discussions by the end of October.
Discover’s credit card outstandings continued strong in the second quarter rising 4.2% as Purchase Dollar Volume (PDV) rose 2.4%, year-on-year (YOY). While all other credit card metrics remained stable, overall net income for Q2/15 declined 7.0% YOY to $699 million.
Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 11% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 18% surge in Purchase Dollar Volume (PDV) for the second quarter.
Dallas-based Alliance Data Systems reported second quarter revenue increased 19% year-on-year (YOY). Card Services rose 27%, Epsilon revenue increased 39%, while LoyaltyOne revenue decreased 15%.