Payment Cards Slow to Comply with SEPA
Getting payment cards operating under a Single Euro Payments Area framework is the next big hurdle facing those seeking a common system in Europe.
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Amadeus, a payments vendor for travel companies, has integrated UnionPay credit and debit cards into its platform. more »
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WEX, a corporate payment provider, has signed an agreement to provide its Virtual Credit accounts payable platform to Zibrant, a U.K.-based events management company. more »
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Square Inc. has received an investment from Victory Park Capital that it says will allow the company to significantly expand its Square Capital business financing program. more »
Manning Field, director of marketing and innovation for Ultimate Rewards, JPMorgan Chase
The paper check has received another death knell, as it is being eliminated as a redemption option in JPMorgan Chase's Ultimate Rewards Program as the issuer encourages more consumers to request statement credits instead. more »
Steve Pedersen, head of North American corporate credit card products at BMO Financial Group.
Even if it pushes the bank past the October 2015 deadline for EMV-chip card adoption, BMO plans to stick with its magnetic-stripe cards until each one reaches its natural expiration date. more »
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Fleet card provider FleetCor's planning a major push into B2B electronic payments, and hopes to get a substantial boost from its planned $3.45 billion acquisition of Comdata. more »
Fair Isaac Co. revealed Thursday that its revamped credit score model will not weigh medical debt as heavily as previous versions, a key change given that medical debt accounts for nearly half of all unpaid collections on consumers' credit reports. more »
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Metrobank Card Corp. in the Philippines has signed an agreement to license the latest version of Total System Services' (TSYS) payment processing platform. more »
Melissa Smith, President and CEO, WEX
WEX Inc. is working to finalize several key acquisitions to bring the corporate payments provider into new markets. more »
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The Justice Department's legal case against American Express will not benefit consumers and will weaken competition, said Jeff Campbell, executive vice president and CFO of American Express. more »
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BJ's Wholesale Club is planning to convert its co-branded credit card program to chip-enabled MasterCards. more »
Image: Bloomberg News
David Nelms, CEO, Discover
The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats. more »

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