ONE-YEAR AGO:
VISA officially names Joe Saunders as Chairman and
. . . .
(click here to read more) FIVE YEARS AGO:
Air Canada reaches a new agreement with CIBC in regard to the "Aerogold VISA" credit card
. . . .
(click here to read more) TEN YEARS AGO:
NYCE amends its "Network Operating Rules" to allow selective surcharging at
. . . .
(click here to read more)
CardWeb.com Stock Index
** VISA,
** MasterCard,
** American Express
** Discover
Visa has introduced a new card product to give corporate expense managers the most cost effective method for managing meetings and related expenses. The new "Visa Meetings" card includes the features of the existing "Visa Purchasing" and "Visa Corporate" payment cards.
Joy Hall is production manager at BannerDirect. In keeping with BannerDirect's ongoing practice of distinction in all areas of direct marketing and particularly in client service, Ms. Hall's position will bolster the firm's already solid record of exceeding...
[Click here to read more]
Network
N/A
Issuer:
American Express
Visa and MasterCard debit cards added 120 basis points to its share
of the two network's U.S. payment card gross dollar volume last year.
For the fourth quarter, V/MC debit card GDV rose 13.7% and V/MC credit
card GDV increased 8.4%, compared to 4Q/06.
First Data reported first quarter consolidated revenues of $2.13 billion, a 16% increase as EBITDA rose 8% to $586 million, over 1Q/07.
Effective January 1st, FDC revised its segment reporting structure into Merchant Services, Financial Services, International, Prepaid Services and Integrated Payment Systems.
Credit card debt retrenched to A$43.0 billion in March after peaking in February. Credit card volume also lost some ground in March slipping to A$17.1 billion.
