PayPal has ankled John Rainey as its new Chief Financial Officer, effective August 24, 2015. Rainey joins PayPal from United Continental Holdings, where he was Executive Vice President and CFO at United Airlines.
In today’s CardFlash News Que: AFI (MasterCard); CSI (GBTA); CHASE (homepage); and CHECKALT (First Service CU).
CardWeb.com’s CardData Reports today features the
Middle Market Power Index: Taking the Global Stage from American Express and Dun & Bradstreet.
Total U.S. consumer debt hit $9.99 trillion in the first quarter, down 1.1% from Q1/14. While credit card debt remains robust, the slight year-on-year (YOY) decline is driven by a contraction in first and second mortgage debt.
American Express has launched its Small Merchant EMV Assistance Program for small merchants in the USA. AmEx says it found 67% of small merchants surveyed say protection against and prevention of payment-card fraud is a top priority.
Consumer holiday spending drove total credit card debt to its highest level in nearly five years, hitting $642 billion in December, a 6% gain over the prior year.
The BBVA Compass NBA American Express Card is coming. The new card will be the first credit card bearing the global NBA brand when it launches.
Houston based P97 Networks, developers of PetroZone, a cloud based mobile commerce and behavioral marketing platform for the convenience and fuel retailing industry, announced today the closing of an $8 million Series A funding.
Consumer credit outstandings are ratcheting up as delinquency heads strongly upward in conjunction with an improving economy. However, 2015 could be a reversal of the current trends. It’s a deja vu all over again for the payments industry.
The maker of the first and largest valet parking apps for consumers and operators that offers interactivity, seamless mobile payments and on-demand services, added two top executives.
Chick-fil-A has introduced mobile payment and mobile ordering within the Chick-fil-A Mobile App in more than 130 Chick-fil-A restaurants in Atlanta, Chicago, Houston, Los Angeles, Orlando and Washington, D.C. Chick-fil-A’s mobile ordering pilot began in early 2013 and the popular QSR will expand mobile payments throughout 2015.
Discover has embarked on another antitrust lawsuit against Visa, this time over PIN debit. The lawsuit alleges that “Visa has a long history of making sure that PIN debit does not predominate, including undertaking illegal behavior to fend off competitive threats to its debit network services monopoly.”