Pentagon Federal Credit Union (PenFed), the second largest credit union credit card issuer, has named a new executive vice president of business development and government and community affairs.
Emerging Greenlight Planet unveils the Sun King Eco Easy Buy, a pay-as-you-go platform that enables customers to purchase Sun King Eco solar lamps in staggered 10-week installments. Greenlight Planet has sold over 3 million Sun King solar lamps, has 11 offices globally, over 700 full-time employees and 6,000 Sun King micro-entrepreneurs.
The virtual assistant Siri has been enabled to provide your credit score. Credit Sesame has launched its iOS app update that includes the use of Touch ID verification and integration with Siri.
CardTrak.com reports Citi ThankYou Premier and Citi Prestige cardholders can now transfer an unlimited amount of their ThankYou Points to Virgin Atlantic’s Flying Club.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Vicki Lawrence, Chief Operating Officer and Co-Founder of Linqto.
Xoom Corporation digital money transfer provider incorporate Apple’s Touch ID technology into their mobile money transfers application. This gives customers the option to use their fingerprint data to sign in to the Xoom application on the iPhone 5s, 6 and 6 Plus. Touch ID is a fingerprint identity sensor that is located in the Home button of select Apple devices. Touch ID takes a high-resolution image of the user’s fingerprint and then analyzes it in order to create its mathematical representation. The data points generated through the analysis are stored locally on the user’s device, and are used for comparison with fingerprint data captured through any subsequent Touch ID usage.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa “Nutcracker” television ad.
Morpho is a new member of Mobey Forum, a global industry association empowering banks and other financial institutions to lead in the future of mobile financial services. Mobey Forum has liaison partnerships with several industry associations at varying degrees of involvement.
UK-based Monitise reports it is commencing a review of all options open to the Company to maximize value for shareholders, i.e. “we are for sale.” The Board believes the Company has an exciting future as an independent business, however it recognizes that there may be other businesses which could leverage Monitise’s capabilities for digital commerce enablement to significantly accelerate the growth of the business and take maximum advantage of the growth opportunities in the market today.
Discover continues to outpace the top Visa and MasterCard issuers with solid growth in fourth quarter outstandings. However, Discover’s gross dollar volume (GDV) rose 4.4% to $33.2 billion, below the average for the Big 4 Visa and MasterCard issuers.
American Express (AmEx) reported U.S. card service after-tax income declined 23.1% year-on-year (Y/Y) in the fourth quarter (Q4/14) to $665 million, compared to $864 million one-year ago.
eBay’s PayPal net total payment volume (TPV) for the fourth quarter grew 24% to $64.3 billion. PayPal gained 4.6 million new active registered accounts to end the quarter at 161.5 million, up 13%.