Tangerine Money-Back Rewards MasterCard to Rock Canada

Tangerine Money-Back Rewards MasterCard to Rock Canada

Tangerine, an independent, wholly-owned subsidiary of Scotiabank, is taking its new Money-Back MasterCard Credit Card to the national level in Canada. The new card offers 4% Money-Back Rewards for the first three months in two categories of choice and 1% Money-Back Rewards on all other purchases, with no annual fee. Tangerine’s Money-Back categories include restaurants,…

Details
MasterCard Ankles New President of U.S. Issuers.

MasterCard Ankles New President of U.S. Issuers.

MasterCard has ankled Raj Seshadri as president, U.S. Issuers. Most recently, Seshadri was a managing director at Blackrock, leading the company’s iShares U.S. retail ETF business. At MasterCard, she will be responsible for managing and expanding the company’s partnerships with banks and credit unions across the U.S. market. Earlier in her career, Seshadri held roles…

Details
Consumers - Not Just Merchants & FIs - Suffer From CNP Fraud

Consumers – Not Just Merchants & FIs – Suffer From CNP Fraud

While not widely discussed, CNP credit and debit card fraud creates cardholder anxiety and negatively affects consumers’ online shopping behaviors, much to the detriment of FIs and e-commerce merchants. A new study from Tender Armor, in partnership with Sparks Research, also found 78% of online shoppers want more protection for their payment card data when…

Details

CPI; PROPAY; NAB; and SIONIC

In Other News: CPI (ICMA); PROPAY (Samsung Pay); NAB (exec); and SIONIC (ION). CPI – CPI Card Group, a global specialist in financial and EMV chip card production and related services, announced 24 employees have recently passed the International Card Manufacturers Association’s (ICMA) Advanced Card Education Manufacturing (ACE-M) accreditation and/or the Advanced Card Education Personalization…

Details
Visa and MasterCard X-Border Volume Continues to Soften

Visa and MasterCard X-Border Volume Continues to Soften

Cross-border transaction volume for Visa and MasterCard continued to slide in the fourth quarter (4Q/15). Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 4.0% YOY, while MasterCard rose 12.3% YOY for FX GDV in the fourth quarter. Cross-border volume refers to payments and cash volume where the issuing country is different from the…

Details