Capital One (COF) has nailed the title sponsorship of the Orange Bowl for this year. The multi-year ESPN deal builds on Capital One’s substantial support of college athletics by becoming the official credit card and bank of the new College Football Playoff.
Pinnacle Payment Services, operating out of Atlanta and Cleveland, has been halted for abusive debt collection practices of an operation that used fictitious names and threatened consumers into paying debts they may not have owed. The Federal Trade Commission (FTC) says the Company is subject to a Nearly $10 million judgement.
CardWeb.com’s CardData financial database projects Chase credit card Purchase Dollar Volume (PDV) to remain strong in the third quarter and will likely top $122 billion. Chase will also likely top 66 million accounts at the end of the third quarter. Chase will release third quarter results on October 14 at 8am EDT.
Prepaid card specialist, Blackhawk Network, has inked a deal to acquire Parago for about $290 million. Parago is a provider of end-to-end engagement management programs for consumers, sales channels and employees has more than 250 customers, including Fortune 100 companies, multi-national corporations and global consumer brands.
WA-based BioTrackTHC is aiming to remove the banking roadblocks for states with active marijuana businesses. The new BioTrackTHC STS Multi-Point verification banking program is intended to solve all of these issues within one module for banking, credit cards, and debit solutions.
CardWeb.com’s CardExecs database today features Frank Martien,
Partner, Commercial Payments, First Annapolis Consulting. First Annapolis advises credit and debit card issuers, transaction processors, payment networks, retailers, and other industry stakeholders in payment-based sectors of the financial services industry.
CardWeb.com’s CardData financial database projects that among the four top U.S. payment networks Gross Dollar Volume (GDV) for the third quarter will rise 2.9% to $1195 billion; Purchase Dollar Volume (PDV) will rise 8.27% to $1077 billion, and Cards-in-Force (CIF) 2014 will rise slightly to 1200 million at the end of the third quarter.
Fifth Third Bank has created a new payments and commerce solutions division. The new unit will be headed by Randy Koporc as executive vice president and head of Fifth Third Payments and Commerce Solutions.
m-Payments may have a new meaning instead of mobile payments. Due to onerous payment obstacles by financial institutions, the emerging marijuana payments may be the relatively new and lucrative m-Payments market.
A new consumer survey has found 90% credit cardholders who asked their credit card issuers to waive a late payment fee were successful. Furthermore, about 66% of cardholders who asked for a lower interest rate were approved.
CardWeb.com’s CardExecs database today features Sebastian Siemiatkowski Chief Executive Officer of Klarna. Stockholm-based Klarna was founded in 2005 with the idea to simplify buying and is now one of Europe’s fastest growing companies.
VeriFone’s UX Solutions series of unattended payment devices has achieved an industry-first certification to Canada’s first and only contactless debit payment solution, the Interac Flash 1.5 contactless payment specifications.