American Express International Card Services reported third-quarter net income of $142 million, unchanged from a year ago. Gross Dollar Volume for the International unit in the third quarter rose 4% to $33.9 billion.
Payments volume for Diners Club International rose 3% year-on-year and flat sequentially in the third quarter. Gross Dollar Volume posted at $6.78 billion in Q3/14, compared to $6.73 billion in the prior quarter and $6.55 billion one-year ago.
Atlanta-based InComm reports PayPal will utilize the InComm Digital Solutions platform to support PayPal’s digital gifts services. IDS will enable PayPal to expand the number of retailers’ gift cards that it sells real-time on the PayPal digital gifts and on eBay.
USA Technologies (USAT) reported a 31.4% increase in transaction volume for the third quarter, up 31.4% over one-year ago. Total revenue of $12.3 million, represented a year-over-year increase of 21.0%.
Consumer Reports has named the Bluebird card (by American Express and Walmart) as the “Best” prepaid card, followed by the Chase Liquid (Visa).
San Francisco-based Boku has officially named mopay co-founders Ingo Lippert and Christian Hinrichs as the company’s new Chief Business Officer and Chief Financial Officer, respectively. Boku recently acquired German-based mopay.
NAFCU Services Corporation announced MasterCard has become the newest Preferred Partner to join the program. The partnership was approved following a rigorous RFP process and voting by NAFCU’s three panels of credit union CEOs. Through this partnership, credit unions will have access to innovative credit, debit and prepaid solutions from MasterCard, as well as pertinent information on emerging payment technologies and advancements.
TSYS signed a new licensing agreement with FICO. The agreement will deliver a revolutionary, analytics-powered marketing product for card issuers called TSYS Targeted Messaging powered by FICO.
Dallas-based Calpian has successfully enabled Apple Pay for its merchant customers as they respond to growing consumer interest in the new mobile payment service. In the process of updating equipment and installing Apple services, Calpian merchants report experiencing multiple benefits, including increased security and faster throughput at checkout.
The Walmart-funded Merchants Payments Coalition is hosting a briefing for members of Congress, their staffs and the press from noon to 1 p.m. Monday, Nov. 17 in room 562 of the Dirksen Senate Office Building.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Jo Webber, Chairman and CEO, Founder of Oink.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard – “Priceless Surprises” TV ad.