DENVER -- Electronic commerce and payments leader First Data Corp. (NYSE: FDC) announced today that David P. Bailis, has been appointed to oversee the company's Card Issuing Services unit, while the previously announced strategic review of its U.S. card issuing business continues. Effective today, David will serve as president of...
BEIJING, China, October 18 /PRNewswire/ -- Misys Banking Systems, a global leader in banking software and solutions, announces today that China Merchants Bank, CMB, the largest credit card issuing bank in China, has gone live with Misys Opics BEIJING, China,...
JPMorgan Chase & Co., the nation's second-largest financial services firm, will continue issuing credit and debit cards with Visa and MasterCard logos. Last summer, JPMorgan acquired Bank One Corp. in a $60 billion stock deal. Bank One, one of the largest U.S. card issuers, will use the Chase brand for...
NASHVILLE, Tenn. -- FirstBank has launched a new gift card division, Community Bank Products, which makes it one of the only community banks in the nation issuing pre-paid VISA gift cards to community banks across the country.
Every day, millions of customers pay for purchases by credit card. When customers review monthly statements, and do not recall a specific purchase, they may suspect possible fraud and dispute the charge either directly with the store or with the bank issuing the credit card. Since nearly all credit card...
MINNETONKA, Minn. -- Datacard Group, the world leader in secure ID and card personalization solutions, today introduced a new, modular suite of DatacardR AffinaR smart card software solutions designed to address the full range of card issuers' needs through the complete lifecycle of their smart card programs.
MasterCard and Visa have taken independent actions designed to restrict competition in the US credit card market. Both card issuing firms intend to limit the right of banks to issue cards other than Visa and MasterCard. Banks should resist these anti-compMasterCard and Visa have taken independent actions designed to restrict...
Based in Muncie, First Merchants Corp. is a bank-holding company that offers financial services, such as accepting deposits, making commercial and credit card loans and issuing commercial credit cards. For the quarter ended June 30, the company had net in Based in Muncie, First Merchants...
While many of the credit card companies and issuing banks continue to hawk procurement card products as devices designed to help clean up petty cash buying, some purchasing operations are using them as part of powerful MRO buying control programs. In While many of the credit...
Bank of america is hoping that a smaller size does matter when consumers consider its newest credit card. The bank just launched its "mini card," which is about half the size-1 1-2" x 2 1-2"-of its regular card. The thinking: It can be easily attached to Bank of america is...
MINNEAPOLIS & FORT COLLINS, Colo. -- Colorado State University CSU has partnered with U.S. Bank to introduce the Colorado State University VisaR Platinum Card. The card generates support for the organization each time a new card is activated and repeatedly thereafter each time the card is used.
NEW YORK -- Fitch Ratings affirms all outstanding Class A notes issued from the Bank of America BA Credit Card Trust as listed below. The affirmation affects approximately $48.5 billion of credit card securities backed by a pool of Visa, MasterCard, and American Express receivables originated by FIA Card Services...
MINNETONKA, Minn. -- Datacard Group today introduced a new release of its DatacardR MPR5000 card production and personalization system that is capable of issuing 5,000 smart cards per hour, a 28% increase in speed. This enhanced speed is a result of newly designed card personalization features including modules for high...
MINNEAPOLIS & MALIBU, Calif. -- Pepperdine University has created a new affinity credit card partnership with U.S. Bank that generates donations to the Pepperdine Alumni Association each time a new card is activated and repeatedly thereafter each time the card is used.
MINNEAPOLIS & NEW BRUNSWICK/PISCATAWAY, N.J. -- Rutgers, The State University of New Jersey, through its alumni federation, has created a new affinity credit card partnership with U.S. Bank that generates donations to Rutgers each time a new card is activated and again each and every time that card is used.
"Under the proposal, a national bank would be deemed an ""independent credit card bank"" if it engages primarily in credit card operations and is not affiliated with a full-service national bank. This proposal reflects the fact that many independent credit card banks securitize or sell receivables, thereby removing those assets...
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