Credit

JPMorgan Chase & Co. has teamed up with Dreamworks Animation’s “Megamind” movie to promote its Chase Freedom credit cards’ 5% cash back offer on movie tickets for the fourth quarter, Matt Kane, general manager of Chase Freedom, tells PaymentsSource. “We wanted to get the message out through very unique channels,” says Kane.

Cardholders of JPMorgan Chase & Co.’s British Airways Signature Visa credit card no longer have to pay a foreign-transaction fee, expanding Chase’s array of cobranded travel rewards cards giving customers a break on the 3% fee, the company announced Nov. 4.

Cooperative Rural Development Bank Ltd. has expanded the payment card acceptance it set up for the Tanzania National Parks in late 2008, the bank announced Nov. 3.

An expanding international business, continued success with its MasterCard cobranded credit card program and improvements in its Fleet business helped boost Wright Express Corp.’s third-quarter results, the fleet card issuer announced Nov. 4.

The struggling casino industry continues to put a strain on Global Cash Access Holdings Inc.’s financial performance.

American Express Co. has agreed to purchase security-technology provider Accertify Inc., the card brand announced Nov. 4. The companies expect to close the deal in the fourth quarter.

Advanta Corp. expects to repay its investors 64.4% to 100% of the value of their retail notes as part of the company’s proposed liquidation plan, the bankrupt small-business card issuer announced this week.

Oxigen Services Pvt. Ltd. has signed a service agreement with Luup International Ltd. to launch mobile-payment services in India, Luup International announced Oct. 29.

The Federal Reserve Board’s still-unwritten debit-interchange rules and new restrictions on network-exclusivity agreements could help First Data Corp.’s business, executives at the transaction processor predicted Nov. 4.

Driven by increases in debit-network fees, First Data Corp. on Nov. 4 reported revenue of $2.6 million for the third quarter ended Sept. 30, up 8% from the same period last year. Adjusted revenue of $1.6 million was up 2%, helped by growth in the Retail and Alliances Services and Financial Services units, the company said.

U.S. Bancorp has signed on as the largest bank to use an alternative payments system that lets consumers pay for online transactions through their institutions' websites.

Apple Inc.'s iPhone payments system is coming closer to reality.

Because of multiple errors found in many European business’ domestic and cross-border payment data, a migration to a Single Euro Payments Area may prove to be costly as faulty data may accrue fees under the SEPA system, a new research report from Experian Payments suggests.

Heartland Payments Systems Inc. posted a $7.5 million third-quarter profit that reversed a $37.1 million loss a year earlier attributable to a $35.6 million charge to cover costs related to a data breach, but at least one analyst was not impressed.

The average charge-off rate on U.S. consumer credit cards in September fell to an 18-month low after a hiccup in August caused a one-month rate increase, Fitch Ratings reported Nov. 2.

Jack Henry & Associates Inc. and its competitors say there is high interest in offering new consumer technologies such as mobile remote deposit capture and mobile banking in general.

Woolworths Ltd. is partnering with Qantas Airways Ltd. to launch a rewards credit card, the Australia-based retailer announced last week.

BMI Bank on Nov. 1 launched a suite of antifraud and other credit card security features, the Bahrain-based bank noted in a statement.

Jack Henry & Associates reported a 29% surge in revenues for its fiscal first quarter, boosting net income by 21%.

Merchant processor Heartland Payment Systems on Nov. 3 reported total revenue of $499.1 million for the third quarter ended Sept. 30, up 12.8% from $442.6 million during the same period last year. Net income was $7.6 million; the company reported a $37.1 million loss a year earlier attributable to a $35.6 million charge to cover costs related to a data breach (see story).