A new study has discovered American consumers want more from their banks than apps — they want advocates. Also, 70% of consumers across all generations (85% of millennials) believe banks current with the latest technology are more trustworthy than banks that lag.
In today’s CardFlash News Que: MERCATOR (smartphones); Creditcall (EMV); CAPRA (NACS); and SYNCHRONY (Money 20/20).
In today’s CardFlash News Que: AMERICAN EXPRESS (Sam’s Club); VISA CANADA (Foundation); SYNCHRONY (Graber); and EPC (Phoenix).
In today’s CardFlash News Que: IZP (Globebill); VIACOM (MDI); COLDWELL (Millennials) and SYNCHRONY (JA).
In today’s CardFlash News Que: PAYITSIMPLE (awards); SYNCHRONY (speeches); FISERV (DNA) and B2B SOFT (exhibit).
CardWeb.com’s CardData database of Company Profiles today features processor Synchrony Financial. The Company is the largest provider of private label credit cards in the U.S.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Margaret Keane, President and Chief Executive Officer, of Synchrony Financial.
Synchrony Financial announced its strategic investment in LoopPay mobile payments platform. LoopPay recently introduced the LoopPay ChargeCase, which allows consumers to pay with their iPhone 5 or 5s at regular credit card swipe readers, while extending the phone’s battery charge by up to 60%. It is the second product launched by LoopPay in four months, with several more products planned for market entry this year. LoopPay technology enables existing point-of-sale infrastructure to accept contactless payments through mobile devices at the vast majority of retail merchants. Synchrony Financial views LoopPay as an opportunity to close this gap for its retail partners and their customers while offering an enhanced consumer experience and additional security features.
GE Capital Retail Bank signed a multi-year agreement with Phillips 66 energy manufacturing to provide private label credit card programs for consumer and commercial customers nationwide. GE Capital Retail Finance will manage the Phillips 66 relationship and service the account, which includes a private label credit card for consumers and a branded business revolving charge card for commercial customers. The branded consumer credit card program, which includes the Phillips 66 Personal Card, Conoco Personal Card and 76 Personal Card, will provide consumer cardholders with benefits and convenience, as well as the opportunity to earn rewards for qualifying fuel purchases made at any of the 8,000 independently owned Phillips 66, Conoco, 76 and Phillips 66 General Aviation locations nationwide.
Acculynk “PaySecure” user-authentication for e-commerce partnered UnionPay International to provide e-commerce authentication (UPOP) service to US based merchants. UnionPay International is a subsidiary focusing on international business of UnionPay, a global bankcard network with over 3.5 billion UnionPay cards issued worldwide. A single PaySecure implementation on the merchant’s e-commerce site also provides the capability to generate sales lift from new PIN-debit customers in North America, Asia-Pacific, Latin America and the Caribbean. Acculynk provides a flexible, customizable online- and mobile- authentication technology that meets local needs and regulatory requirements in international markets. Country-specific authentication changes can be incorporated without disrupting the merchant or acquirer. The “PaySecure” solution two-factor authentication provides online merchants with a secure, low-cost, guaranteed funds payment in which the merchant also benefits from a 100% shift of fraud chargeback liability.
Lombard Risk Management, a leading global provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, addresses Title VII of Dodd-Frank Act with its Dodd-Frank Act Engine solution. The Lombard Risk Dodd-Frank Act Engine solution is designed to address Title VII “Wall Street transparency and accountability – regulation…
GE Capital Retail Bank announced a definitive multi-year agreement to provide the consumer credit card program in the United States and Puerto Rico for Toys”R”Us. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers to help grow their customer sales, will manage the Toys”R”Us relationship and service the account. The Toys”R”Us credit card program launches in June 2012 and includes a private label credit card and a co-branded card, providing qualifying cardholders with benefits and convenience, as well as the opportunity to earn special rewards for purchases made at any one of the 879 Toys”R”Us and Babies”R”Us stores nationwide or online at Toysrus.com.