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Underbanked's Rising Demand for Credit Shifts PreCash's Strategy
A week after making Discover the first credit card offered in its mobile bill-pay service, PreCash Inc. has already seen a spike in the use of Evolve Money, which previously accepted only debit cards.
Blair Jeffrey, senior vice president of sales and business development for PreCash's Evolve Money.
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Discover Financial Services will take a $178 million charge in the fourth quarter to make changes to its cashback rewards program. more »
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FleetCor Technologies has completed its purchase of business-to-business electronic payments provider Comdata. more »
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Co-branding credit card partnerships has never been smooth sailing, but competition has clearly gotten tougher amid Apple Pay's launch. more »
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JetBlue Airways Corp. is in talks to replace American Express Co. as its credit-card partner, according to two people briefed on the matter. more »
Melissa Smith, CEO of WEX
WEX Inc.'s virtual card business has continued to grow as the company makes more payments to hotels for its online travel company clients. more »
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An Israeli company is hoping to make installment plans a routine part of credit card transactions in the U.S., relying on retailers, banks and other partners to promote its technology. more »
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American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay. more »
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American Express Co. said third-quarter profit rose 8.1 percent, beating analysts' estimates, as customer spending increased. more »
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FleetCor Technologies is providing outsourcing services for Shell fuel cards in Germany. more »
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More than half of the value of B2B receivables 90 days or more overdue were written off as uncollectable by businesses in the U.S., Canada, Mexico and Brazil, according to the latest Atradius survey of B2B suppliers in those countries. more »
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PayItSimple, a credit card installment provider based in Herzliya, Israel, has announced its launch in the United States. more »
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Banks must take the time to educate mid-size business clients about how to defend themselves against hackers, Javelin Strategy & Research says. more »

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