The recent loss of Ed Gilligan at American Express has spurred CEO Ken Chenault to make major changes. The changes include the realignment of several businesses and reporting lines.
Brooks Brothers and Citi Retail Services have inked a new multi-year credit card relationship. As part of the agreement, Citi Retail Services, a unit of the 203-year-old global bank, will provide private label and co-branded credit cards for the nearly 200-year-old retailer.
FL-based ZipLine, a merchant-branded mobile and ACH payment solutions provider offering consumers instant rewards at the pump and POS, announced the appointment of consumer loyalty and payments veteran Roger Brooks, as Senior Vice President of Business Development.
Worldpay announced that its Dynamic 3D Secure (3DS) solution will soon be available to merchants. The solution offers e-commerce businesses greater transaction acceptance success whilst giving them more flexibility and control over fraud prevention.
CardWeb.com’s CardData Reports today features the “QR Codes: The Story in Numbers 2014” from Research & Markets.
Two of the world’s largest operating systems launched major updates to their mobile payments solutions this month. Both Google and Apple now have a solid platform in Android Pay and Apple Pay to enable frictionless mobile payments with integrated loyalty features.
CardWeb.com’s CardConferences today features the mPOS WORLD CONFERENCE, June 30-July 1, 2015 in Frankfurt, Germany.
In today’s CardFlash News Que: FIRST ANNAPOLIS (Schwarcz); SHIFT4 (TrueTokenization): COALFIRE (InstaMed); and TASKER (Flint Mobile).
More than 50% of retailers in the US and Europe still have to consolidate their fraud management solutions across all channels. Omni-channel retail sales are predicted to reach $1.8 trillion (£1.1 trillion) in the US by 2017, with sales in Europe predicted to hit €920 billion (£660 billion), or 44%of total European sales, by 2018.
In today’s CardFlash News Que: NAB (award); MYCHECK (Twin Peaks); FISERV (PBC CU); and BLUESNAP (Sensibo).
New exponential smoothing analysis shows purchase transactions for U.S. Visa and MasterCard debit cards will slow to 6.7% in the second quarter, compared to 7.7% in the first quarter. CardData and RAM Research says U.S. credit card purchase transactions are quickly ramping up this quarter.
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.8% year-on-year (YOY) in Q1/15 reaching $1.1 trillion. RAM Research now predicts annual U.S. credit card PDV will top $4.1 trillion by 2019.