PA-based USA Technologies (USAT) has inked a multi-year agreement strategic deal with Chase Commerce Solutions (CCS). The agreement will give USAT a bigger reach for products and services domestically as well as outside the U.S and CCS will gain access to a new customer base via the unattended self-service retail market space.
CardWeb.com’s CardData database of Company Profiles today features Vormittag Associates, Inc (VAI), a specialist in ERP software.
Citi Prepaid Services is teaming with Enservio to offer prepaid cards as part of a holistic offering that services prominent insurance carriers. Citi Prepaid Services will supply custom designed, fully-functional prepaid cards tailored for Enservio whose ReStore Payments platform provides policyholders a variety of options from cards to electronic fund transfers that efficiently deliver claim payments.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the American Express “Apple Pay” spot.
CardWeb.com’s CardData Reports today features the 2015 Identity Protection Services Scorecard – Direct-to-Consumer Market report from Javelin Strategy & Research.
Synchrony Financial was recognized with three awards at the 8th annual Loyalty 360 Expo in Orlando, Fla. for its Sam’s Club 5-3-1 cash back credit card program. Synchrony also inked a long-term agreement with Stash Hotel Rewards to provide a co-branded credit card program.
In today’s CardFlash News Que: DISCOVER (Apple Pay); CHARGE PAYMENT (i3Verticals); CALLAHAN/TRK (CCMS); and FREELANCER.COM (escrow.com).
The average U.S. 30+ day delinquency rate among the nation’s four largest issuers declined 11 basis points (bps) sequentially, to a record low of 1.96% for the first quarter, compared to 2.07% in the prior quarter and 2.16% one-year ago. The top 100 U.S. banks posted a 27 bps decline from 1Q/14.
Over the past two years mobile transactions at Starbucks have doubled from 4 million transactions per week in Q1/13 to 8 million transactions in Q1/15. The number of mobile transactions has significantly soared since the second quarter of 2014 and set to soar higher as Mobile Order & Pay expands this year.
Online retail sales in the US are expected to hit $480 billion by 2019 growing by compound annual growth rate (CAGR) of 10%. Categories once trailing behind in online sales, like furniture and auto parts, will likely have compound annual growth rates of 15% and 11%, respectively,
The FreedomPay Commerce Platform has approved more devices for its PCI Validated P2PE solution with EMV and NFC ready payment terminals. Ingenico join devices from Oracle|MICROS, Agilysys, Revel Systems, Digital Dining, and Nextep Systems.
Moderate percentage point gains in consumer smartwatch adoption can be expected over the next year if the Apple Watch follows historical patterns. It has been widely estimated Apple will ship 15 million Apple Watch devices its first year on the market.