FreshDirect and MasterCard have inked a deal today to enable the online fresh food grocer to accept MasterPass.
The bank card default rate increased 16 basis points (bps) in November from the previous month, to 2.91%. For all consumer credit the composite ratio was 0.97% in November, up three bps from the previous month.
Austin, TX-based perk.com has inked an asset purchase agreement with Viggle, a mobile and web-based entertainment marketing platform.
MasterCard’s global hackathon will hold its grand finale in San Francisco on December 4 and 5. The Masters of Code competition will include the winning teams from each of the 12 regional events.
Hilton and Starwood this week acknowledged they have been hacked following last month’s data breach discovery by Trump Hotels and one earlier this year by Mandarin Oriental.
edo Interactive and Visa Europe are doing the tango to launch card-linked marketing offers in Poland. Visa Oferty (“Visa Offers”), will enable 20 million Visa debit and credit cardholders to enroll their Visa cards in order to access cashback rewards from merchants.
After a haircut in its IPO earlier this week, to $9.00 per share, Square’s first day of trading yesterday soared more than 60%, closing at $13.07. It was expected to price in the $11 to $13 range but there has been growing skepticism among institutional investors in regard to tech unicorns.
The campaign by retailers to prod the card networks and banks to move to total Chip & PIN in the U.S. and away from Chip & SIG is gaining more traction. A group of nine attorneys general dispatched a letter to the nation’s top credit card companies and banks.
PayPal and Braintree named the $100,000 USD grand-prize winner of its 2015 BattleHack Series. The 24-hour BattleHack World Finals took place at PayPal Headquarters in Silicon Valley and hosted 14 teams of developers from across the globe, all winners of their regional BattleHack competitions.
Campu Bank, a major bank in the Kingdom of Cambodia and JCB have inked deal launch a JCB merchant acquiring service to accept JCB cards at about 650 locations including their merchant terminals and ATMs in Cambodia.
MasterCard has ankled Craig Vosburg to president, North America Markets, effective January 1st. This appointment comes as Chris McWilton announced he will leave MasterCard on December 31.
Michael Miebach will assume the role of chief product officer for MasterCard on January 1st and will be based in New York. He currently serves as president, Middle East and Africa.