PA-based security fraud litigators Howard Smith is reminding investors of its class action lawsuit against Bankrate which closes November 17th.
Altra Federal Credit Union, based in Onalaska, WI, has selected the Fiserv’s DNAaccount processing platform and a host of complementary Fiserv solutions.
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the Citibank Simplicty Visa – “Penalty Rate?” direct mail.
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.
Of the initial 500 financial institutions that have signed-up for Apple Pay and the two-thirds majority of credit unions, an estimated 90 of PSCU’s credit union member-owners are at the sponsor level. PSCU says the future of credit union relevance depends on how well credit unions understand and participate in the Millennial Shift and the digital revolution.
Siris Capital Group is ponying up $840 million to acquire Digital River. Digital River is a major global provider of Commerce-as-a-Service solutions.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features R. Daniel Blanton, Chief Executive Officer of Southeastern Bank Financial Corporation and Georgia Bank & Trust.
MI-based North American Bancard (NAB) has swallowed up Electronic Payment Exchange (EPX) for an disclosed amount. NAB is among the nation’s top payment services companies and the leading provider of the PayAnywhere suite of mobile point of sale solutions. EPX is a global, full-service credit card, debit card, stored value, and electronic check payment transaction processor.
MasterCard has launched the MasterCard Nearby App enabling on-the-go consumers to easily find the more than 220,000 merchants in the U.S. – including Subway, Toys R’ Us, Walgreens, Whole Foods Market and all Apple Store retail locations – that accept contactless payments.
Online marketplace Etsy is out to get Squared-off . The firm will start offering free credit card readers to some of its U.S. sellers as part of an effort to extend its reach beyond the Internet.
Australia’s largest retail bank serving over 12 million customers updated their new Westpac Global Currency Card product, a multi-currency reloadable Visa prepaid card aimed at travelers and online shoppers.