First National Bank of Omaha has introduced the Yale University MasterCard. The Yale MasterCard features First Bankcard’s new Complete Rewards program.
The American Express’ Bluebird card has launched the “Get 2X” promotion for Walmart customers using Savings Catcher and Bluebird. Walmart and American Express are offering Bluebird for a $0 purchase price in store for the duration of the Get 2X program.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Steven Streit, President and Chief Executive Officer of Green Dot Corporation.
San Francisco-based CARDFREE reports it is the mobile application platform provider enabling Taco Bell’s new mobile offering launched nationwide this week.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Club Carlson Premier Rewards Visa Signature. The card is issued by U.S. Bancorp.
Silicon Valley-based Merchant e-Solutions has named payments industry veteranTom Bell as Chief Executive Officer. Bell was most recently a managing partner at Capellas Partners.
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the Discover – ” #1 Rewards Program” print ad from 2012.
Discover’s ATM network, PULSE, has launched a consulting service to help financial institutions analyze and improve performance in key areas of their retail banking business in an increasingly competitive marketplace.
The top six U.S. credit card issuers are all reporting a slight uptick in delinquency for the third quarter. However, Bank of America held steady. Therefore, charge-offs will likely head higher in the first quarter of 2015 as the fourth quarter denominator will be higher.
While CVS, Rite Aid and Walmart trashed Apple Pay this week, McDonald’s U.S. customers have another way to pay for their orders, thanks to a collaboration with Softcard. Customers will now be able to tap and pay both in-restaurant and in the drive-thru lane at all U.S. McDonald’s locations, marking the largest deployment of NFC-based mobile commerce in drive-thru.
Among the nation’s top six credit card issuers charge-offs for the third quarter (Q3/14) of 2.49% are down 51 basis points (bps) year-on-year (Y/Y) and down 15 bps, quarter-to-quarter (Q/Q). However, the trend may reverse in the fourth quarter as delinquency took a turn North in the third quarter.
A mobile payments war is underway big time as Rite Aid and CVS block Apple Pay in favor of the soon to be introduced CurrentC. With CurrentC merchants will not have to pay swipe credit card network fees and will be able to track and instantly reward customers as a result of the lower fees.