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).
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.
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.
The second class of the FinTech Innovation Lab Asia-Pacific
Accenture is open through May 31. The 12-week program helps early- and growth-stage financial technology innovators accelerate product development and gain exposure to top-level financial industry executives.
Shopify is a cloud-based commerce platform designed for small and medium-sized businesses is now going public. Shopify currently powers over 160,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Google, Wikipedia, LA Lakers, GoldieBlox, and many more.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features George S. Mayes, Jr., Executive Vice President and Chief Operating Officer of Diebold.
After a rocky road with prior credit card partnerships, Charles Schwab is setting its hopes on a new co-brand relationship with American Express. The two companies inked a multi-year deal to issue two new premium co-branded cards, presumably a charge card and a credit card in early 2016.
Whoops – they did it again and for the 19th consecutive time. Discover agains shared the top spot in the credit card category this year in customer brand loyalty. Discover has held or shared the top Brand Keys ranking in its category for the past 19 consecutive years.
GE Capital has unloaded its Australia and New Zealand consumer lending business for A$8.2 billion (US$6.3 billion). Värde Partners, KKR and Deutsche Bank are the proud new owners of the GE portolio.