U.S. prepaid cards head to a new dimension as SD-based Meta Payment Systems inks an agreement with Atlanta-based InComm. The Sioux Falls-based financial services company will become an issuing bank for InComm’s prepaid card programs.
The newest full-fledged Islamic bank in Oman – became, the first bank in the Sultanate to introduce NCR Interactive Teller, from NCR. alizz islamic bank is one of the first dedicated Islamic banks in Oman.
The Maryland Department of the Environment (MDE) launched their online Invoice Payment Service that allows business customers to pay invoices for permits and other MDE services online. The new Invoice Payment Service accepts all major credit cards and eCheck/ACH payments and is available 24 hours a day, seven days a week.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Amer Sajed, Interim Chief Executive Officer, Barclaycard.
Los Angeles-based CU Wallet, a Credit Union Service Organization (CUSO) providing the industry’s first credit union driven mobile payments application, and Relevant Solutions have inked a strategic alliance integrating merchant offers and promotions with CU Wallet’s mobile wallet.
Payoneer and Digital River have teamed up to transform the way businesses send and receive cross-border payments. Today, Digital River’s solution enables merchants to process online payments using more than 200 international payment options and over 170 currencies.
The first company that accepts payments to a smartphone made with a credit or debit card using 100% Mexican technology is here. Sr. Pago, announced start-up of operations with American Express, making it possible for the first time to pay with the credit card at any establishment that has a Sr. Pago reader.
While Chase reported Q2/15 outstandings were flat year-on-year (YOY), purchase dollar volume (PDV) posted a weak growth rate of 6.5%. Furthermore, Chase is consistently signing up 2.1 million accounts per quarter, while losing 3.0 million accounts YOY.
Wells Fargo credit card second quarter outstandings were up 14% year-on-year (YOY) to $31.1 billion reflecting new account growth and growth in private label and co-brand outstandings driven by the Dillard’s card portfolio acquisition in the fourth quarter. However, credit card yield declined 40 basis points (bps) to 11.74%.
The third largest bank in Georgia, Liberty Bank, and China’s UnionPay announced in Tbilisi that all ATMs and POS terminals of Liberty Bank would formally start the acceptance of UnionPay chip cards.
Hongkongers’ growing passion for online shopping is furthered by MasterPass, a new digital payment platform, for the first time in Hong Kong, delivering a seamless, faster and safer online shopping experience for local consumers.
Seattle-based Remitly has acquired Talio, a mobile messaging company that developed an immersive, one-of-a-kind mobile messaging service for family and friends. Remitly is setting out to redefine money transfers to the developing world by creating a service customers love using.