PA-based USA Technologies (USAT) has inked a multi-year agreement strategic deal with Chase Commerce Solutions (CCS). The agreement will give USAT a bigger reach for products and services domestically as well as outside the U.S and CCS will gain access to a new customer base via the unattended self-service retail market space.
Citi Prepaid Services is teaming with Enservio to offer prepaid cards as part of a holistic offering that services prominent insurance carriers. Citi Prepaid Services will supply custom designed, fully-functional prepaid cards tailored for Enservio whose ReStore Payments platform provides policyholders a variety of options from cards to electronic fund transfers that efficiently deliver claim payments.
Synchrony Financial was recognized with three awards at the 8th annual Loyalty 360 Expo in Orlando, Fla. for its Sam’s Club 5-3-1 cash back credit card program. Synchrony also inked a long-term agreement with Stash Hotel Rewards to provide a co-branded credit card program.
The average U.S. 30+ day delinquency rate among the nation’s four largest issuers declined 11 basis points (bps) sequentially, to a record low of 1.96% for the first quarter, compared to 2.07% in the prior quarter and 2.16% one-year ago. The top 100 U.S. banks posted a 27 bps decline from 1Q/14.
Over the past two years mobile transactions at Starbucks have doubled from 4 million transactions per week in Q1/13 to 8 million transactions in Q1/15. The number of mobile transactions has significantly soared since the second quarter of 2014 and set to soar higher as Mobile Order & Pay expands this year.
China UnionPay has inked a deal with Simon Malls to provide its cardholders with exclusive privileges in four Premium Outlets in New York, Los Angeles, San Francisco, and Las Vegas starting today.
Grenoble-based Tiempo Secure is teaming with Seoul-based Secure Platforms Technology (SP-Tek) to market smart card chips equipped with the JavaCard OS. Their combined offer is targeting smart card manufacturers in the Americas, who are supporting the current migration from magnetic stripe to EMV smart cards.
Online retail sales in the US are expected to hit $480 billion by 2019 growing by compound annual growth rate (CAGR) of 10%. Categories once trailing behind in online sales, like furniture and auto parts, will likely have compound annual growth rates of 15% and 11%, respectively,
The FreedomPay Commerce Platform has approved more devices for its PCI Validated P2PE solution with EMV and NFC ready payment terminals. Ingenico join devices from Oracle|MICROS, Agilysys, Revel Systems, Digital Dining, and Nextep Systems.
Moderate percentage point gains in consumer smartwatch adoption can be expected over the next year if the Apple Watch follows historical patterns. It has been widely estimated Apple will ship 15 million Apple Watch devices its first year on the market.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Carl J. Williams, Chairman, President and Chief Executive Officer of Planet Payment.
Türk Ekonomi Bankası (TEB) has launched a new digital banking service, CEPTETEB (Turkish for “TEB in your pocket”). The new TEB mobile banking service was designed and developed by Monitise.