The national VantageScore credit score is up by three points, from 666 to 669. Bankcard lending continues to increase, with new bankcards up 7.7%.
In today’s CardFlash News Que: AMERICAN EXPRESS (Unstaged); AFFINITY FCU (Kindness); OBERTHUR (EMV); and EUROPE (P2P).
Pipestone System, an agricultural organization based in Minnesota, now uses the reloadable BlazePays Visa Prepaid Card managed by Capital Prepaid Services for payroll.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Mike Baxter, Senior Vice President, Product Development of Entrust Datacard
CardWeb.com’s CardData database of Company Profiles today features Digital River.
First National Bank (Slayton, Minnesota), and First National Bank (Davenport, Iowa), now offer the BlazePays Visa Prepaid Cards powered by Capital Prepaid Services. Under the banks’ agent programs which are managed by Capital Prepaid Services, these Minnesota and Iowa banks are now able to cost-effectively tap into the prepaid market, which is one of the fastest growing payment markets.
CardWeb.com’s CardData database of Company Profiles today features processor Digital River. The Company is a major provider of Commerce-as-a-Service solutions.
MN-based TCF Bank announced the availability of Apple Pay for its debit and credit cards. TCF has 382 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Todd Wilkinson, President and Chief Executive Officer of Datacard Group.
Credit scores are up, bankcard lending is on the rise, the average number of bankcards per person is up, retail card lending also is on the upswing, and average debt is up.
Due to a heavy reliance on FICO scores by financial insitutions, a new generation of financially responsible people who are just getting started in the workforce and who may have short credit histories or large student loans are being overlooked by traditional financial institutions.
A new app allows Minnesota Twins employees to scan an applicant’s driver’s license to fill in much of what’s needed to apply for the Minnesota Twins Rewards MasterCard, which is issued by U.S. Bank. The new app is powered by Mitek.