After failing to secure a new co-branded credit card agreement with American Express, Costco has inked long-term deal with Citibank. The new Citi Visa cards will be effective next year.
Nearly 13 million U.S. consumers were victims of identity fraud last year, a 3% decline from the same period in 2013. New account fraud hit a record low last year.
MI-based Stratos unveiled the Stratos Bluetooth Connected Card. It is the industry’s first payment card that consolidates an unlimited number of plastic cards into one and works everywhere traditional cards are accepted.
Nashville-based TransCore has landed a major contract the Massachusetts Department of Transportation (MassDOT) to modernize its E-ZPass system. The State is moving towards a cashless tolling solution.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dave Hobday, Managing Director of Worldpay UK.
VA-based Intelishift Technologies now accepts payment in Bitcoin. Colocation providers can now pay for their colocation hosting services using the virtual currency. A peer-to-peer type of payment, users can make transactions using Bitcoin without needing an intermediary.
Digital currency, AppleByte, is ready to take crowdfunding to prime time with the launch of an Indiegogo Campaign to raise money for artists worldwide. While AppleBytes re largely person-to-person, they can be purchased with either a credit card or bitcoin.
The California Korean American Grocers Association (KAGRO) and US Bankcard Services, Inc. (USBSI) have inked a deal to offer KAGRO members special payment benefits.
Ingenico Mobile Solutions has unveiled the industry’s first audio-jack based NFC/contactless mobile card acceptance solution with support for Apple Pay, MasterCard contactless and Visa payWave. Ingenico was the first to develop combined EMV and NFC features in smart terminals in the US and globally.
Barclaycard US and Bank of Hawaii have teamed with Hawaiian Airlines to launch two new co-branded MasterCards. Both cards offer a sign-up or activation bonus of 35,000 miles and a one-time 50% discount on a coach roundtrip companion airfare between Hawai’i and North America on Hawaiian Airlines.
Linkable Networks has snagged $11.7 million in funding along with three key executive team hires. Since 2011 Linkable has been building a scalable platform that provides brands and retailers the ability to engage, reward and incent their consumers directly and across any channel – online, mobile and in-store.
TrialPay, a privately held company with an offers platform that connects merchants with millions of consumers through targeted promotions is being acquired by Visa.