The Consumer Financial Protection Bureau (CFPB) took action against two credit card add-on product vendors – Affinion and Intersections for unfairly charging consumers for credit card add-on benefits they did not receive.
In today’s CardFlash News Que: CASHSTAR (exec); INSPERITY (NetSuite); TABBEDOUT (Uber); and BLUEFIN (PCI DSS).
Capital One (COF) will likely lead the top issuers in outstandings and volume year-on-year (YOY) growth in the second quarter with expected outstandings of $77.6 billion, according to forecaster RAM Research. In the first quarter COF outstandings increased by 9% YOY and purchase dollar volume (PDV) surged by 18%, according to CardData.
Citibank’s purchase dollar volume (PDV) for its U.S. retail credit card portfolio will likely decline slightly to $23.1 billion, compared to Q2/14, predicts RAM Research. In the first quarter PDV declined 1% YOY to $16.5 billion, according to CardData.
Citi has completely redesigned its Citi Mobile App for iPhone in the U.S. The new app for consumer banking and credit card customers enables the use of the Touch ID feature on iPhone devices.
Ingo Money and Global Cash Card, a specialist in customized paycard solutions have partnered to provide the Ingo Money mobile check cashing service to Global Cash Card customers.
Discover’s credit card outstandings will likely top $55 billion for the second quarter according to forecaster RAM Research. CardData says Discover’s credit card outstandings continued strong in the first quarter rising 5.1% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY).
CA-based Batched.com is providing minority owned businesses EMV ready and Apple Pay enabled credit card processing equipment at no cost to make sure minority owned businesses are compliant with the new Visa MasterCard regulations taking effect on October 1, 2015.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Pieter van der Does, Co-founder / President & CEO of Adyen.
MI-based North American Bancard (NAB) has ankled Rhett Rowe as president of its subsidiary, Capital for Merchants (CFM), a merchant cash advance program that helps businesses get the working capital they need. In his new position, Rowe will be responsible for providing strategic
USAA took the top spot in the Temkin Web Experience Ratings for the second straight year. USAA was also in the top 14 with its insurance and credit card businesses, along with credit unions, Capital One 360, SunTrust Bank, eBay, Chase, Fidelity Investments, QVC, Sheraton, and Apple Retail.
CardWeb.com’s CardData database of Company Profiles today features Saylent.