CardWeb.com’s CardExecs database of payments industry movers and shakers today features Brian V. Mooney, Interim Chief Executive Officer of the Merchant Customer Exchange.
CardWeb.com’s CardConferences today features the ACFE GLOBAL FRAUD CONFERENCE, June 14-19, 2015 at Inner Harbor in Baltimore, Md.
A new study has found 49% of retailers have seen their payment costs increase in the past 18 months while 56% expect them to keep rising. Also, 93% of retailers believe consumers want a broader choice of payment tools.
New research on customer retention surprisingly reveals that companies encouraging their customers to switch products can increase rather than decrease customer turnover. Therefore, proactive retention campaigns may backfire producing higher attrition.
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 charge-off ratio among the nation’s four largest issuers increased 12 basis points (bps) quarter-to-quarter (QOQ) to 3.09% in the first quarter (Q1/15). The top 100 U.S. banks posted a 10 bps increase QOQ to 3.07%, according to CardData.