U.S. prepaid cards head to a new dimension as SD-based Meta Payment Systems inks an agreement with Atlanta-based InComm. The Sioux Falls-based financial services company will become an issuing bank for InComm’s prepaid card programs.
While Chase reported Q2/15 outstandings were flat year-on-year (YOY), purchase dollar volume (PDV) posted a weak growth rate of 6.5%. Furthermore, Chase is consistently signing up 2.1 million accounts per quarter, while losing 3.0 million accounts YOY.
Wells Fargo credit card second quarter outstandings were up 14% year-on-year (YOY) to $31.1 billion reflecting new account growth and growth in private label and co-brand outstandings driven by the Dillard’s card portfolio acquisition in the fourth quarter. However, credit card yield declined 40 basis points (bps) to 11.74%.
Seattle-based Remitly has acquired Talio, a mobile messaging company that developed an immersive, one-of-a-kind mobile messaging service for family and friends. Remitly is setting out to redefine money transfers to the developing world by creating a service customers love using.
The password manager built for security and simplicity, is now compatible with Samsung’s latest biometric technology. Dashlane users can access everything they securely store in Dashlane, including passwords, notes, credit cards and personal information, simply by using their fingerprint to verify their identity.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Gabriel Yelin of President of Argentina’s CertiSur.
First Data (FDC) is acquiring digital gift card pioneer Transaction Wireless (TWI), the San Diego-based enterprise digital gift card distribution platform. First Data now provides its gift card clients, distributors, partners and resellers a fully integrated, comprehensive physical and digital gift card program.
CardWeb.com’s CardData database of Company Profiles today features AVT.
CardWeb.com’s CardData Reports today features the Global Payments Insight Study, conducted by ACI Worldwide and Ovum.
Apriva has inked a partnership with Globalcom Engineering, a leader in payments hardware. By integrating Apriva’s Gateway with Globalcom hardware, this partnership brings proven EMV hardware into a wide variety of unattended markets in the U.S., including parking, kiosk, car wash, banking, gaming, airline kiosk, vending, and retail.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Banco Itaucard Luiza MasterCard.
In today’s CardFlash News Que: POS PORTAL (lease prog); KABBAGE (Experian); TNS (AIS); and FNBO (app).