American Express Rewards Program Revamps Credit Card for US Small Business

American Express OPEN has announced the launch of the Enhanced SimplyCash Business Credit Card, a small business card that gives entrepreneurs the flexibility to choose 3% cash back in one of seven business-related expense categories. In addition, the Card will continue to give small business owners: 5% cash back at U.S. office supply stores and on wireless

Chase Bank, ElectraCard and MasterCard Launch Student Prepaid Card in Kenya

ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that the student prepaid cards program at Chase Bank, Kenya has been launched on the electra platform. ECS is the technology and processing partner for the program and leverages its PA-DSS certified electraPREPAID platform to provide a seamless, safe

Credit Card Data Breach at US Neiman Marcus Stores

Hagens Berman Sobol Shapiro LLP, a consumer-rights law firm, has announced it is investigating a breach of customer data at Neiman Marcus stores following the chain’s disclosure on January 13, 2014, that its Point of Sale (POS) system and more than 1.1 million debit and credit cards may have been compromised. The company disclosed that

TSYS Announces Consumer-Driven Account Controls

TSYS  has announced plans to release TSYS Authorization Controls — a new product that enables credit and debit cardholders to turn their account “on” or “off” from any user interface. This innovative product can be integrated with existing mobile and other online customer service tools, and will help financial institutions empower their consumers to manage

MasterCard and Ecobank Announce Multi-country Agreement in 28 Sub-Saharan African Countries

Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries. The agreement is the culmination of a Memorandum of Understanding (“MOU”) originally signed in November 2011, and importantly, enables electronic payments access to more than 60%

Commerce Bank Introduces the National Association of Social Workers Visa Rewards Credit Card

The American National Association of Social Workers (NASW) and Commerce Bank have come together to offer NASW members a Visa rewards credit card. The card offers reward points with unlimited earnings, as well as no annual fee. Cardholders can redeem points for statement credit, gift cards, merchandise, or travel. Additional features and benefits include $100,000 travel

Starmount Partners with Ingenico and Servebase to Provide an End-to-End Solution for EMV Payments

Starmount has announced that it has partnered with Servebase and Ingenico to enable the company to deliver complete end-to-end solutions that meet all requirements for EMV (Europay, Mastercard, Visa) payments. The partnerships underscore Starmount’s leadership role in the transition to EMV and chip and pin technologies and will enable Starmount to deploy its solutions for

hyperWALLET Provides Solution to Multi-Billion Dollar Direct Selling Company

hyperWALLET Systems Inc., a payments provider to top-tier organizations that make payments to employees and other beneficiaries, has announced that Forever Living has launched hyperWALLET’s branded payment services to provide a unified, multi-currency commission payment solution for their organization and Distributors. Founded in 1978, Forever Living is a multi-billion dollar company that manufactures and distributes

Mercury Unveils Mobile- and Social-Powered Gift Card and Rewards Service for Small Business

Mercury Payment Systems, LLC, a provider of payment technology and services for small to mid-sized businesses, have announced the launch of Mercury StoreCard, a gift, rewards, mobile payments and promotions card all in one. Consumers can use the Mercury StoreCard as a gift card or a reloadable stored-value card to earn cash back loyalty rewards

Europe’s Largest Commercial Mobile Contactless Payments Service Launched in Spain

Visa Europe and leading Spanish bank CaixaBank along with mobile network operators Orange, Telefόnica and Vodafone, have announced the launch of Europe’s largest commercial mobile contactless payments service. From February 2014 CaixaBank customers will be able to make contactless payments quickly and safely using their contactless-enabled smartphones. The partnership with Orange, Telefόnica and Vodafone enables