Briefs: EXPENSIFY; CORECARD; TSYS; and MERCATOR

In Other News: EXPENSIFY (platform); CORECARD (EMV); TSYS (Lloyds); and MERCATOR (debit). EXPENSIFY – Expensify announced an integration platform that will eliminate receipts for business purchases. Called ReceiptBurner, the program’s initial launch partners include Uber, HotelTonight, Revel Systems, SaneBox, and Fujitsu ScanSnap, with more planned in the coming months. These services utilize the ReceiptBurner integration…

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Ira Bornstein

TouchSuite Ankles New Chief Operating Officer

Ira Bornstein has reunited with the fast-growing team at TouchSuite, one of the country’s leading U.S. technology companies. In his position as Chief Operating Officer, Ira will once more play an integral role in the company’s enhancement of operational workflows, risk mitigation, new product development and improving overall profitability, a role previously held from 2008-2012.…

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Seamless SEQR Acquires MeaWallet with HCE Technology

Seamless SEQR Acquires MeaWallet with HCE Technology

Seamless has snagged the Norwegian technology company MeaWallet. The purchase price amounts to approximately SEK 42,8 million and payment is made through an issue in kind of 4,574,328 new shares in Seamless. Through the acquisition Seamless controls important technology in the rapidly growing field of contactless payments. Through the acquisition of MeaWallet, Seamless acquires important…

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AAdvantage Credit Card Inks Deal with Citibank & Barclaycard

AAdvantage Credit Card Inks Deal with Citibank & Barclaycard

American Airlines and its partners in the AAdvantage credit card program have inked new agreements to extend their relationships and continue providing AAdvantage miles and other benefits to customers. The deal will allow Citi to continue offering its lineup of cards to new customers through multiple exclusive channels such as digital – including aa.com –…

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Big 6 U.S. Issuers Struggle with Active Accounts

Big 6 U.S. Issuers Struggle with Active Accounts

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, inched up 0.8% year-on-year (YOY) in the first quarter (1Q/16). There were 158.4 million active bank credit card accounts for 1Q/16 in the U.S. among the top six issuers: Citibank; Capital One; Chase, Bank…

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Citi Picks Up Marketshare While the Other Top 4 Lose to Smaller Issuers

Citi Picks Up Marketshare While the Other Top 4 Lose to Smaller Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Citi was the only issuer with a positive gain in the first quarter (1Q/16), compared to the prior quarter. While Chase continues to hold a commanding 24.5% marketshare for 1Q/16, there…

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Intl Card GDV - Visa Rules Credit; MasterCard Rules Debit

Intl Card GDV – Visa Rules Credit; MasterCard Rules Debit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international credit card gross dollar volume (GDV) for the first quarter (1Q/16) rose 10.8%, on a currency adjusted basis (FX), year-on-year (YOY). For international debit cards, Visa and MasterCard GDV increased 12.6% YOY FX. Visa outpaced MasterCard in international credit cards 1Q/16 YOY FX growth, while MasterCard took…

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First Data & Ingenico Supports EMV Tip Adjust and Common AID

First Data & Ingenico Supports EMV Tip Adjust and Common AID

First Data and Ingenico Group announced that First Data is now offering a new payment acceptance solution leveraging Ingenico Group’s smart terminals that supports EMV tip adjust and Common AID. First Data has Class B+ certified this new solution on its Omaha Platform. First Data’s Omaha application will run on select versions of Ingenico Group’s…

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