Citigroup this week posted second-quarter gains in both its branded card and retail services operations, aided by increased sales volume and the acquisition last year of Best Buy’s card portfolio. Citi appears poised to jump at other retail card opportunities, if the right portfolio becomes...
Fuel company Pilot Flying J recently entered into an agreement with the Justice Department where it confirmed its employees, including supervisors, schemed to withhold diesel rebates from many of its trucking customers. As a result, the company is paying millions in fines, and its employees...
Chase Card services performed well in Q2, acquiring new 2 million new consumers with end of quarter receivables hovering around $2 billion. Delinquency rates also fell, while active mobile users were up more than 20 percent to 17 million. So if consumers were using their...
Pop quiz. How does Apple make money? Selling hardware. Very good. So, is anyone really surprised that it may have its own plans to sell its own iBeacon transmitter? Well, recent filings with the Federal Communications Commission would suggest that is exactly what’s on the...
It’s becoming an increasingly popular question, but why are so many companies and their vendors so hesitant to give up using checks to settle their transactions? Surely they want to reduce their costs and increase efficiency. Much of the issue stems from reliance on old...
Remember 30 years ago when Apple ran a Super Bowl ad that likened IBM to “Big Brother”? As it turns out, time does heal all wounds, as Apple and IBM have buried the feuds of the past to collaborate on creating over 100 new business-centered...
Last week Intuit announced the launch of PayWithBitcoin, a new service that integrates its new online bitcoin wallet with processing provider Coinbase. PYMNTS spoke to Manish Shah and Clinton Neilsen, the two Intuit engineers who are the brains behind this Bitcoin payments integration. But will...
Procurement managers want to find the best supply chain options for their firms, with as little risk involved as possible. That’s the old news. The new story, data finds, is in procurement manager who are thinking beyond traditional cost-savings and risk strategies and exploring instead...
We all know it, or at least we should, that cybercrooks target the areas of least resistance, and they’re very good at finding them. As it turns out, easy to access hotel business centers are providing data thieves a rich opportunity to capture previous users...
