Moneris Solutions Corporation today announced the addition of its Virtual Gift Card solution. The Moneris Virtual Gift Card solution works seamlessly from the merchant and customer perspectives. When a buyer purchases a Virtual Gift Card and personalizes the order, the Virtual Gift Card order, gift card activation and payment are all processed through Moneris and its flexible interfaces.
Cabela’s Incorporated announced that its wholly owned subsidiary, World’s Foremost Bank, has entered into a $352.9 million commitment with Bank of America. Under an outstanding series of variable funding notes issued by Cabela’s Credit Card Master Note Trust, the three year commitment will provide Cabela’s CLUB Visa program members added network benefits. Adding Bank of America as a liquidity provider on the Cabela CLUB Visa program additionally allows for further spread of liquidity risks.