FL-based MagicPay Merchant Services has announced a program to place free EMV terminals with merchants who do not currently have one. With this new program, any merchant that applies for a merchant account with MagicPay, and that does not yet have an EMV terminal, will receive one at no cost.
More than 70% of consumers whose bank offers a mobile app have downloaded it, an increase of 7% compared to 2014. Those in the 18-24 year-old range have the highest adoption rate at 93%, but there are increases across all age groups.
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers gained a mere 2.6% in the third quarter year-on-year (YOY) to $479.4 billion. Capital One continues to smoke the peer group with a 12% YOY gain.
Amazon has inked Payoneer to expand cross-border payment options to sellers from 24 countries who sell on marketplaces in the U.S., Spain, France, Italy, Germany and the UK.
Telekom Germany is launching Deutsche Telekom AG’s (DTAG) MyWallet 2.0 with the help pf US-based Mozido. The new version includes mobile payments, advertising and loyalty.
Cardstream and PayVector to provide over 20,000 online businesses in the UK and Ireland with MasterPass.
Walgreens Balance Rewards members can now seamlessly use their account through Apple Pay – without separately scanning a Balance Rewards card or barcode. More than 85 million active Balance Rewards members will have the ability to earn and redeem loyalty points via Apple Pay.
GA-based FleetCor Technologies, a major provider of fuel cards and workforce payment products to businesses, reported total revenues increased 53% to $451.5 million in the 3Q/15 compared to $295.3 million in 3Q/14.
TX-based Perk.com reported total revenue increased by 156% to $13.3 million for the third quarter 2015. Gross profit was $6.3 million, or 47% of total revenue.
Scotiabank and Interac have launched the Bulk Interac e-Transfer for Scotiabank’s business banking customers. This service extends the Interac e-Transfer service to Scotiabank’s business banking customers by offering a streamlined, secure and cost-effective alternative to cash, cheque or prepaid card disbursements.
Rewards Network has launched TrueBlue Dining in partnership with JetBlue. By dining at participating locations, TrueBlue members can earn TrueBlue points through the TrueBlue Dining program. Points are redeemable for JetBlue flights, JetBlue Getaways vacation packages, and various publications and products.
CA-based prepaid card specialist Green Dot reported financial reported consolidated GAAP and non-GAAP total operating revenues of $146.4 million and $146.5 million, respectively, following the major loss of MoneyPak. Green Dot generated net cash from operations of $114 million year to date.