CardFlash News Briefs: ALLIED (IPO); SYNAPTICS (Nok Nok); VINDICIA (BBC); and TCF (FDC).
A new report suggests the U.S. commercial credit card market continues to demonstrate positive growth despite recent corporate economic challenges and increased levels of investment in corporate payable solutions.
First Data expects to raise $3.7 billion in its initial public offering. The deal involves 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share.
While companies around the world are taking note of the growing emergence of mobile and digital payment applications, many treasury departments still grapple with the continued existence and enormous cost of paper payments. Clients at the Bank of America Merrill Lynch Conference on Payments and Commercial Card continued to identify that fully converting their payments to electronic was their No. 1 priority in improving their working capital in 2015.
In today’s CardFlash News Que: USAEPAY (Shopify): NILSON (commercial cards); USAEPAY (Shopify) and HEARTLAND (emaginePOS).
In today’s CardFlash News Que: BOFA (Euromoney); FAPS (award); BATCHED.COM (EMV); and E-COMMERCE 4 (report).
CardWeb.com’s CardData database of Company Profiles today features NETGEAR.
The second class of the FinTech Innovation Lab Asia-Pacific
Accenture is open through May 31. The 12-week program helps early- and growth-stage financial technology innovators accelerate product development and gain exposure to top-level financial industry executives.
GE Capital has unloaded its Australia and New Zealand consumer lending business for A$8.2 billion (US$6.3 billion). Värde Partners, KKR and Deutsche Bank are the proud new owners of the GE portolio.
After completing a four-month nationwide rollout of its Preferred Rewards program in October, Bank of America launched a major advertising campaign this week to round up more enrollees.
Apple Pay’s first day was filled with merchant acceptance announcements including Walgreens, Petco, Groupon, Wells Fargo, Bank of America, and MasterCard, in addition to the announcements made following the unveiling of Apple Pay last month.
CardWeb.com’s CardExecs database of card industy movers and shakers today features Paul Galant, Chief Executive Officer of VeriFone. The company has 5,600 employees worldwide and delivers payment solutions in 150 countries and across vertical markets.