CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa Debit “Super Freak” TV commercial.
U.S. Bank’s Elavon has promoted Wally Mlynarski to senior vice president of global product and innovation. Mlynarski previously served as vice president of Elavon’s “The Grove” global innovation center, which launched in 2013 to harvest customer-centered innovation in payments and establish key partnerships with third party innovators.
MasterCard Latin America and the Caribbean (LAC) has launched MasterCard Travel Services for Platinum MasterCard and MasterCard Black cardholders.
Tillster is buddying with Gimbal to bring advanced, mobile location-based guest services to restaurants nationwide. Tillster will incorporate Gimbal’s geofencing, Bluetooth Smart proximity beacons, and analytics technologies into their partners’ branded mobile applications to deliver new customer location and engagement services.
San Francisco-based Affirm is aiming to take on Visa, MasterCard, American Express and Discover for consumer loans. The firm raised $275 million in debt and equity financing this week.
NCR is beefing-up its transaction processing solution from Alaric.
The latest release of Authentic has focused on integration, usability and security.
In today’s CardFlash News Que: MIVA (PCI); STARTEK (PCI); GEMALTO (wearables); and GLORY (TAU).
About one-third of organizations used more than 5 mobile business applications in 2014, while 68% were able to build a mobile business app in one day or less.
U.S. cards-in-force (CIF) for Visa and MasterCard credit cards increased 8.9% year-on-year (YOY) while CIF for debit cards rose 9.1% YOY, in the first quarter, according to CardData. Driven by prepaid cards, U.S. Visa and MasterCard debit cards could cross the 700 million milestone in 2016.
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers climbed 5.2% in the first quarter to 189.9 million, compared to 180.4 million one-year ago. While Chase and Citi posted slight downticks in Q1, BofA and Capital One are looking up.
Another credible survey confirms U.S. small business owners are more confident about the future of their businesses now than at any time since the Great Recession. About 67% say the national economy is in recovery or expansion, up from 46% in 2013.
A new survey shows alternative lending products on the rise however, only 15.4% of small business owners are considering credit cards as a funding option for the upcoming year, which is significantly lower than the 26.6% of respondents who used credit cards in the last two years to cover expenses over other means.