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

The Bank of Mauritius Cautions Against Skimmed/Cloned Cards

It has come to the knowledge of the Bank of Mauritius that skimmed/cloned cards are in circulation and fraudsters are trying to use them on banks’ ATMs. Card skimming is the illegal copying of information from the magnetic strip of a credit or ATM card. This involves stealing information off a credit card during a

Target Confirms Unauthorized Access to Payment Card Data in U.S. Stores

Target has confirmed it is aware of unauthorized access to payment card data that may have impacted certain guests making credit and debit card purchases in its U.S. stores. Target is working closely with law enforcement and financial institutions, and has identified and resolved the issue. “Target’s first priority is preserving the trust of our

Citi and American Airlines Announce Admirals Club Membership Benefits

Citi and American Airlines have announced that beginning in March 2014, the Citi Executive / AAdvantage World Elite MasterCard will be the only U.S. credit card offering full membership benefits at the American Airlines Admirals Club airport lounges. “The American Airlines Admirals Club lounges are an oasis in the airport to many travelers, and we

U.S. Bank Introduces Community Card for Tax-Exempt Organizations

Non-profit organizations and small municipalities can now apply for a U.S. Bank credit card with fewer fees, a powerful online expense-management tool and other features crafted to their unique needs. The U.S. Bank Visa Community Credit Card has no annual fees, no late fees and no over-limit fees and is now offered in all U.S.

MasterCard debuts Priceless Africa in Nigeria

MasterCard has announced the launch of the Priceless Africa campaign in Nigeria, a part of the global Priceless Cities campaign; that aims to reward consumers in Nigeria for their loyalty and to enhance their journey towards embracing cashless transactions. Nigeria will be joining the current 26 MasterCard Priceless destinations across the globe, as consumers get

Citi Completes Acquisition of Best Buy’s U.S. Credit Program

Citi announced that it successfully completed on September 6 the acquisition from Capital One Financial Corp. of Best Buy’s U.S. credit card portfolio and the conversion of the portfolio to Citi’s systems. Citi Retail Services, the premier provider of credit card products, services and solutions for North America retailers, will manage the portfolio going forward.

Alternative Payments Favoured Over Card for Gamers

Consumers globally are increasingly using alternative payment methods to purchase video games instead of credit or debit card, according to research findings unveiled by WorldPay, a global leader in payment processing, risk and alternative payments. Video Games Payment Preferences, a whitepaper exploring the payment landscape and purchasing frustrations in the video game industry based on

American Express Ranks Highest in Customer Satisfaction for the Seventh Consecutive Year

For the seventh year in a row, consumers have rated American Express highest in customer satisfaction among U.S. credit card companies, according to the annual nationwide study by J.D. Power. The study, released earlier today, places American Express highest in overall satisfaction among 11 of the largest card issuers in the U.S. American Express remains

Electronic Payments Stimulate Economic Growth According to New Study

The growth in the use of electronic payment products, such as credit and debit cards, added $983 billion to the Gross Domestic Product (GDP) of the 56 countries examined between 2008 and 2012, according to a study conducted for Visa by Moody’s Analytics, a leading independent provider of economic forecasting. The study of 56 countries