Fleet Card Leader WEX Adopts Aggregate Data via Custom APIs

Corporate payment solutions WEX inked a new agreement with Crawler2api. Crawler2api is a major provider of custom real-time APIs and transactional bots. The company aims to make data easily accessible for clients while eliminating the need for websites to maintain costly APIs or structured data feeds. Crawler2api’s proprietary crawling framework enables its clients to request data…

Details

Desjardins & Monetico Propel Discover Card Acceptance in Canada

Discover Global Network has inked an agreement with Desjardins Group, the top cooperative financial group in Canada through its Monetico payment solutions, to expand acceptance in Canada. Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.…

Details

CardConnect to be Gobbled Up by First Data in 3Q

First Data has inked a deal acquire CardConnect for $750 million. The transaction is expected to close in the third quarter. CardConnect is a provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. CardConnect processes approximately $26 billion of volume annually from about 67,000 merchant customers which are…

Details

30K+ Attendees to Check-Out Mobile World Congress Americas in Sept

Mobile World Congress (MWC) Americas will debut September 12-14 in San Francisco at the Moscone Center and will be the premier mobile industry event for the Americas. Under the theme “The Tech Element”, Mobile World Congress Americas will be expecting 30,000 professionals from across the mobile industry and adjacent industry sectors to attend. The exhibition…

Details

Late-Stage Delinquency Edges Down Sequentially – Storm Clouds Gather

The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers edged down 1 basis points (bps) sequentially, but up 14 bps year-on-year (YOY) for the first quarter (1Q/17). Early stage delinquency, the precursor of 90+ day delinquency, among the peer group, rose in 1Q/17, according to CardData. For the Top…

Details

Ingenico to Unveil Just Works POS Pairing for Seamless Bluetooth Coupling

Ingenico is set to unleash the RP450BT, a versatile mobile card reader, which expands upon its robust line of secure EMV-ready mobile solutions. The key features of the RP450BT include “Just Works” pairing for seamless Bluetooth coupling, an innovative design to increase stability and portability, standard compatibility with hundreds of iOS and Android handhelds, and…

Details

Cap One Puts More Spark into its Business Card Product with SBA Month

Capital One Spark Business launched the “We Work As One” campaign to light-up its business credit card product. The initiative will start in Chicago (June), then San Francisco (July), New York City (August), Denver (September) and Boston (October). The new program partners small businesses in select markets with local Capital One Cafés for a series of…

Details

Mastercard Globally OK But U.S. Business Spirals Down for Another Quarter

Mastercard’s U.S. purchase dollar volume (PDV) quarterly year-on-year (YOY) growth has been spiraling down this year tumbling for the fourth consecutive quarter to 2.5% in the first quarter (1Q/17), compared to 2.7% for 4Q/16, and 10.3% for 1Q/16, according to CardData. While overall Mastercard is solid globally its U.S. business is sinking fast. Mastercard reported…

Details

FleetCor on Fire – Q1 Profits Solid & Major B2B Acquisition in the Wings

GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported first quarter (1Q/17) profits jumped 11.3% year-on-year (YOY) as domestic and international transactions also posted double-digit YOY gains in 1Q/17, according to CardData. FleetCor says its fundamentals were strong, organic revenue growth was approximately 10% in the quarter,…

Details