Tag Archives: pollitt

CardFlash Looks Back to September 2007

Chevron selects GE Money Bank to own and operate its Chevron and Texaco branded consumer credit cards and FleetCor Technologies Operating Company to own and operate its branded commercial credit cards. VISA has named Byron Pollitt, formerly a top executive at Gap and Walt Disney, as CFO designate of Visa Inc. New York City taxi drivers go on strike over new rules that require then to install credit card readers and GPS technology in their cabs by October 1st. MasterCard rolls-out two new spots in the NFL season opener that features tongue-in-cheek vignettes by Colts quarterback Peyton Manning. JCB and Union Bank of Taiwan launch the first card with “J/Speedy” in the world. Ceridian and hedge fund Pershing Square Capital Management reached an agreement over a proxy fight. Houston-based Cardtronics files a registration for an IPO to raise up to $300 million. Target announces it is reviewing potential ownership alternatives for its $7 billion credit card portfolio. American Express inks a deal to sell its American Express Bank Ltd to Standard Chartered PLC for $1.1 billion. A six-month “Visa payWave” pilot is launched in Taiwan. Barclay’s introduces the “DIRECTV Rewards VISA.” Discover Network signs an integration deal with Chase Paymentech. Discover Financial Services signs an agreement with Wells Fargo Merchant Services to offer full-service processing for all Discover transactions through WFMS. MasterCard introduces a new savings program for “MasterCard BusinessCard” credit and signature debit cardholders. VISA expands its contactless program with a key fob payment device embedded with “VISA payWave.”