Issuers Must Be Proactive to Keep 'Opinion Leader' Customers
The term "opinion leader" has been used to describe those consumers who are wealthy, involved in their communities and knowledgeable about the world around them. Turns out, they also spend the most money on credit cards.
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Costco Wholesale Corp., the largest U.S. warehouse-club chain, will stop accepting all American Express Co. cards in Canada on Jan. 1. more »
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Alliance Data Systems Corp. agreed to buy Conversant Inc. for $2.3 billion, gaining technology to distribute advertising across the Internet and measure the effectiveness of marketing campaigns. more »
Alliance Data Systems announced what it described as a long-term agreement to issue credit cards for the Midwestern grocery store chain Meijer. more »
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The Consumer Financial Protection Bureau issued a warning to credit card companies that use deceptive marketing to mask hidden charges within promotional interest rates. more »
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Home Depot is working with banks and law enforcement agencies to investigate a potential theft of its customers' credit and debit card information. more »
American Express launched two new credit cards for Canadian consumers, with a focus on cash-back rewards. more »
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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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Getting payment cards operating under a Single Euro Payments Area framework is the next big hurdle facing those seeking a common system in Europe. 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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