Discover Financial Services (DFS) has landed on Barron’s “Top Ten Stock Picks for 2016.” A “steady grower,” DFS replaces “sprawling” Bank of America (BAC).
CardFlash News Briefs: CFSI (study); XPRESSBUY (Visa); ACI (TransferWise); and INTELLICHECK (deal).
The campaign by retailers to prod the card networks and banks to move to total Chip & PIN in the U.S. and away from Chip & SIG is gaining more traction. A group of nine attorneys general dispatched a letter to the nation’s top credit card companies and banks.
Merchant acquirer and payments technology and services provider for SMBs, TransFirst, owned by buyout firm Vista Equity Partners, has filed for an IPO. Shares to be listed on the Nasdaq under the symbol “TF” with an IPO size of $100 million.
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.
Toronto-based GreenCoinX has formed an Advisory Board to assist in the further development of GreenCoinX, the world’s first identifiable crypto currency. GreenCoinX identifies users and facilitates the collection of user defined optional taxes by worldwide governments.
In today’s CardFlash News Que: AMEX (UNSTAGED); GOLDMONEY (Aurum); ACCEPTEMAIL (CEO); and HELPSHIFT (growth).
CardWeb.com’s CardData database of Company Profiles today features COGNICAL a/k/a Zibby
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Gonzalo Gortázar, Chief Executive Officer of CaixaBank.
Velocity has picked up one of the largest ever Series A funding rounds for a UK-based company. Velocity is the lifestyle app empowering diners to pay and earn rewards directly from their phone.
In today’s CardFlash News Que: TABBED-OUT (funding); YELLOWPEPPER (Carta); M&T (EMV); and GLOBAL PAYMENTS;