Starbucks Expands Starbucks Cards in New Market

Starbucks Coffee Company introduced Starbucks Gift Cards at select locations in China for purchase in three unique design themes, including Thank You, Kind Regards and Happy Lunar New Year. Since the Starbucks Card launched 12 years ago, $16 billion has been loaded on more than 450 million cards in 27 countries worldwide (as of Sept. 30, 2013). Timed to the launch of the Starbucks Gift Card in China, Starbucks is also offering a Lunar New Year Gift Card in participating Starbucks stores in the U.S. The Card celebrates the joyfulness and self-reliance of the horse, this year’s honored animal of the Lunar New Year.

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PIN Data Also Stolen From Target

Target confirmed this afternoon that some of the data stolen involved PIN data. This data is encrypted and isn’t expected to compromise cardholder accounts, however its not welcoming news to the millions that shop and used their REDcard. Target is currently working with investigators to understand how the breach happened and fully understand what information, encrypted or not, was compromised. Continue to check with CardFlash for the latest as more information becomes available.

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US Debit Card Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While Visa is the “King” of U.S. debit cards with a 71% share in the third quarter, MasterCard is slowly making in-roads after missing the mark in 1999. In the third quarter Visa posted $402 billion in U.S. debit card gross dollar volume( GDV), compared to MasterCard’s $164 billion. Visa’s U.S.…

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TD Becomes Primary Issuer of Aeroplan Visa

TD Bank Group, Aimia Inc.and Canadian Imperial Bank of Commerce today completed the previously announced transaction under which TD acquired approximately 50% of the existing Aeroplan credit card portfolio from CIBC. The portion of CIBC’s Aeroplan credit card portfolio acquired by TD primarily includes accounts held by customers who do not have an existing retail banking relationship with CIBC. Also as previously announced, TD will become the primary issuer of Aeroplan Visa credit cards on January 1, 2014.

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JCB Merchant Acquiring in Myanmar

JCB International Co., Ltd., and Myanmar Payment Union, announced that MPU and its member banks have started JCB merchant acquiring operations in Myanmar. With this launch, JCB cards will be accepted at over 2,000 MPU merchants throughout Myanmar starting December 2013. Prior to this arrangement, JCB cards have been accepted at limited locations in Myanmar since 1995. The partnership with MPU will significantly increase the number of JCB merchants in this country, which will improve the card acceptance for JCB cardmembers visiting the region.

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Conference Board Index Sees Fifth Consecutive Month of Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Having increased the past five consecutive months, the Conference Board Leading Economic Index for the U.S. was up 0.8% in November to 98.3 after a 0.1% increase in October and a 0.9% increase in September. This helps lift the six-month annualized growth rate to 5.1% from 3.7% in the previous six…

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Credit Card PDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card purchase dollar volume (PDV) is slowing due to anemic holiday sales. Year-on-year growth is expected to decline to 8.2%, compared to 8.4% one-year ago. Citibank reported purchase dollar volume on credit cards rose a mere 1% from $19.1 billion one-year ago to $19.2 billion in the third quarter of…

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Americans Focusing on Cleaning Up Credit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Americans are getting their financial houses in order by paying closer attention to their credit scores and managing their debt, according to the inaugural “How America Buys and Borrows” survey by Wells Fargo & Company. Indicating Americans are focused on managing their credit, with nearly 60% having checked their credit score…

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MoneyGram Hits 200-Country Milestone

MoneyGram reached a company milestone and is now offering services in 200 countries and territories worldwide. The achievement follows new agreements with agents in Equatorial Guinea and Myanmar. The move to include MoneyGram services in Equatorial Guinea and Myanmar strategically targets previously underserved customers, and aims to bring customers closer through money transfers that can be made to and from locations across the globe.

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CashStar Announces Latest Gift Card Program Client

CashStar launched its eGift card program with Hacienda Colorado, giving consumers the option to personalize and send digital gift cards online and via mobile devices from the restaurant known for its signature Mountain Mex cuisine. The restaurant selected the CashStar platform because of its best-in-class platform and ease of implementing promotions to drive purchases and incremental revenue. The CashStar platform enables consumers to easily select the design and denomination for each eGift card, include a personal message, and determine delivery date and time all through Hacienda Colorado’s website. In addition to CashStar’s high-quality Web-based gifting experience, the platform also provides a specifically designed user interface for mobile devices.

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Brazil CPI

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Brazil’s economy is projected to increase by 2.3% in 2013 and 2.0% next year. However, the Consumer Price Index is headed downward (good news for consumers), by 20 basis points in the fourth quarter, according to RAM Research. Hosting the World Cup for the first time since 1950, Brazil is gearing…

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