Nationwide Continues Blistering Battle with CFPB Operation Choke Point Litigation

Nationwide Biweekly Administration (Nationwide) has been allowed to move forward with its Operation Choke Point claims against the Consumer Financial Protection Bureau (CFPB). Operation Choke Point is a U. S. Department of Justice initiative meant to block access to payment systems by targeted businesses and shut them down without a court order. In an order…

Top 4 U.S. Credit Card Issuer Outstandings Up 9.1% YOY – CardData.com

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained 9.1% in the third quarter (3Q/16) year-on-year (YOY) to $394.5 billion.  The gain was driven largely by Citibank as its acquisition of the Costco card portfolio from American Express has skyrocketed outstandings. BofA was unseated as the nation’s second largest in the second…

Commercial Card Improvements: Controls & Compliance and Incentive/Rebate Programs

A new survey reveals numerous areas where Commercial Card providers can both educate and better serve their end-user clients. Solutions available today address top areas of concern such as control and security related to all product types. Solutions including automated compliance monitoring and mobile alerts are not yet commonly adopted by end-users but could address…

Non-Profit Orgs w/Individual Contributions Suffer From Payments Information Gap

For organizations reliant on individual contributions, there has been a lack of information that could enable a better understanding of how, when and where donations are made.  This information gap keeps organizations from being able to develop efficient and effective fundraising efforts. To help, the Mastercard Center for Inclusive Growth is issuing its first edition…