Cross-border shoppers are spending approximately twice as much as consumers who only shop domestically. Cross-border shopping is most prominent in Austria.
A new survey finds nearly one out of three U.S. smartphone owners plan to use mobile payment for shopping in stores this holiday shopping season. However, less than 5% were “more comfortable” paying with their devices than using traditional payment cards.
GA-based FleetCor Technologies has completed the previously announced acquisition of Comdata from Ceridian. The deal was valued around $3.45 billion.
Discover has become the first and only credit card company to offer cardholders no forfeitures, no threshold and no expiration date when redeeming Cashback Bonus rewards. Discover cardholders can now redeem their Cashback Bonus for any amount, regardless of whether their bonus balance is 10 cents, $10 or $100.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Chase Sapphire Preferred – “Sundance” TV video.
CardWeb.com’s CardExecs database today features Jeff Coppolo is the Senior Vice President, Business Development for BlueSnap.
Four out of ten of small business owners are planning for an uptick in business performance this holiday season compared with last year. In addition, 61% say increased consumer demand will drive better business performance during the holidays compared to just 31% in 2013.
James E. Nevels has joined the First Data Board of Directors. He is the Chairman of The Swarthmore Group, an investment advisory firm, as well as Chairman of The Hershey Company Board of Directors.
PA-based JetPay has ankled Pierre (Pete) J. DuPré as Chief Information Officer of the Company. DuPré brings to JetPay a 30 year career in IT, software engineering and product development.
The Federal Trade Commission has shutdown MyCreditHealth and ScoreSense, through at least 50 websites, including FreeScore360.com, FreeScoreOnline.com and ScoreSense.com. The three companies have agreed to pay $22 million for consumer refunds under a settlement with the FTC and the state attorneys general in Illinois and Ohio.
Western Union advanced its direct-to-bank transfers allowing customers to send money in minutes to major Indian banks. Western Union has successfully linked its retail agent network and digital transactional sites in select countries to move money in minutes to account holders of select banks via India’s revolutionary Immediate Payment Service (IMPS).
The pace of change in corporate payments is due to increase in the next decade, and banks are in a position to rise to the challenge. While there have already been advances, consumer payments have benefitted from more rapid payment innovation.