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MasterCard Worldwide may be in a position to gain market share in Canada as Wal-Mart Stores Inc. strives to make inroads with its new cobranded MasterCard credit card and other banks contemplate offering dual payment-network brands, according to a report from Mercator Advisory Group.
September 15 -
Dynamic Card Solutions, a provider of instant card issuance, on Tuesday said it has expanded the capabilities of its mobile payments personalization platform, known as CardWizard Perso-to-Go, to support personalization of near-field communication Micro SD cards.
September 15 -
JPMorgan Chase & Co. is trying to fix its consumer website after a failure late Monday left more than 16.5 million customers without access to online banking, reports Bloomberg News.
September 15 -
Citigroup Inc. has appointed Jud Linville CEO of its Citi Cards credit card business. He replaces Paul Galant, whom Citi named CEO of a new unit called Global Enterprise Payments.
September 15 -
Facebook Inc. wants more people to "like" its virtual currency system as it bids to become a more serious player in payments.
September 15 -
MasterCard Worldwide’s Sept. 14 announcement of its agreement to enter into a payments business-development deal with China UnionPay, along with news that Global Payments Inc. has gained permission to process card payments in China, suggests U.S.-based card players may be moving closer to cracking open the potentially lucrative Chinese market, analysts say.
September 14 -
Card-manufacturing startup Dynamics Inc. this week is unveiling details of Card 2.0, a computing platform usable in payment cards that changes the information on magnetic stripes and erases the stripe data when turned off.
September 14 -
Interbank FX LLC’s recent partnership with GlobalCollect will enable the Salt Lake City-based company to process credit card transactions for its international clients, Netherlands-based GlobalCollect reported on Sept. 13.
September 14 -
Intuit, Inc., and several credit union defendants have asked a federal court here to dismiss a patent infringement suit brought by MShift over its mobile banking technology, saying the company’s patent is outmoded and not pertinent to their technology.
September 14 -
The next street performer you see may be marketing automated banking products.
September 14 -
Two point-of-sale terminal makers recently introduced new products or updates to their product lines.
September 14 -
The Bank of Namibia late last month authorized Mobicash Payment Solutions Pvt. Ltd. to offer a new mobile-payment service in the country, according to a Mobicash spokesperson. The service, which is scheduled to launch in October, will enable the institution’s customers to use their mobile phones to pay for goods and person-to-person funds transfers.
September 14 -
State-owned telecommunication operator Bharat Sanchar Nigam Ltd. on Sept. 13 launched a service that enables customers who have credit cards to pay their telco bills using their mobile phones, according to a spokesperson for the India-based company.
September 14 -
Domestic spending on Visa-branded cards in the U.S. continued to grow during the second three months of this year, while the economy and market effects took their toll on MasterCard Worldwide.
September 14 -
MasterCard Inc. is trying to reach the small but growing number of people who might be ready for mobile payments by sending them time-sensitive offers that can help them save money and become more comfortable using their phones to make purchases.
September 14 -
MasterCard Inc. has appointed Betty K. DeVita the president in charge of the payment network's Canadian operations.
September 14 -
The College of the Holy Cross is adopting a campus card program to let students, faculty and staff spend, on and off campus.
September 14 -
PayPal Inc. has hired an American Express Co. veteran, Leonard Shen, as its chief compliance officer.
September 14 -
In what Discover Financial Services says is a first for the payment card industry, the Riverwoods, Ill.-based card company on Sept. 13 announced an agreement in which it will offer consumers optional extended-warranty services through SquareTrade for electronics and appliances bought with Discover cards.
September 13 -
In a move one analyst says might be tied to poor results following a change in company sales strategy, Heartland Payment Systems Inc. has reassigned its chief sales officer to a regional director position, the Princeton, N.J.-based payment processor announced Friday in an 8-K report filed with the Securities and Exchange Commission.
September 13