When the Federal Deposit Insurance Corp. (FDIC) disclosed in 2014 that they were withdrawing a list they created of merchant categories that were deemed high risk and warranted heightened attention, they acknowledged that this list was used by issuing banks as justification to sever ties with merchants who fell into these categories – leaving the…
Dallas-based Alliance Data Systems reported third quarter revenue increased 20.5% year-on-year (YOY) to $1589 million. However, net income for 3Q/15 declined 20.9%to $130.4 million.
Master Your Card, a community empowerment program sponsored by MasterCard has formed a new coalition that will work to help financially underserved African Americans build financial strength and gain financial inclusion through the effective use of electronic payment technology.
PayNearMe has inked a deal with 7-Eleven to introduce the PayNearMe Bill Pay app, enabling U.S. consumers to pay over 17,000 national and local billers with cash using a convenient barcode scan at participating 7-Eleven stores.
U.S. credit unions outpaced banks across all consumer lending and asset quality categories, according to research conducted by Callahan & Associates on second quarter data released by the National Credit Union Association (NCUA) and Federal Deposit Insurance Corporation (FDIC).
Pipestone System, an agricultural organization based in Minnesota, now uses the reloadable BlazePays Visa Prepaid Card managed by Capital Prepaid Services for payroll.
Atlanta-based small business loans purveyor Kabbage has teamed with MasterCard to offer businesses the ability to pay for items at the point of sale (POS) with a purchasing card. Kabbage offers up to $100,000 in funding for a 1% to 12% payback over the first two months, 1% thereafter.
SD-based MetaBank entered into a multi-year agreement with Univision Communications, a media company serving Hispanic America, to be another issuer for its Univision MasterCard Prepaid Card.
CardWeb.com’s CardPixes database of more than 7,000 images today features the BBVA Compass NBA American Express Card.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Robert Hammer, CEO and Founder of R.K. Hammer.
Wells Fargo reported an impressive 15.6% year-on-year (Y/Y) increase in bank credit card outstandings for the fourth quarter (Q4/14). Credit card penetration in retail banking households rose to 41.5%, up from 37% in prior year.
The FDIC stopped neutrally enforcing regulations designed to protect consumers and ensure the safety and soundness of the nation’s banks, and then pursued their own personal political agenda and attempted to shut down legal businesses these officials did not like.