Sources say that the company has lost roughly $340 million, $20 million was from the Starbucks deal.
Walmart got the entire financial services industry buzzing last week with its Walmart-2-Walmart domestic P2P play. But what everyone forgot to focus on is the real story: the value of this service to the consumer, one that actually likes cash in this digital age. MPD...
Pinpoint, a Sydney-based provider of loyalty and rewards services for banks and merchants in the Asia Pacific region, has struck an acquisition deal with MasterCard for an undisclosed sum. “Not only does Pinpoint offer a competitive edge in Australia, its growing presence across Asia Pacific also...
The news about who’s doing what in the dynamic restaurant ordering/mobile apps space is dizzying – and for two players of late who just went public, filled with big $$$. So, we’ve created a little slide show to show you who’s doing what, and what...
According to T.C.Guruprasad, CEO & Managing Director, CentrumDirect Ltd, more travelers are using prepaid cards in order to avoid the high rates. Along with low rates, prepaid cards also carry a security feature – they are chip-based and come with a back-up card. So there...
Consumers aren’t likely to be loyal to any one brand, companies that spend more on loyalty programs aren’t as profitable as companies that don’t and companies with the most loyal customers don’t even have loyalty programs. Try putting that business case in front of your...
More companies are beginning to offer automatic coupon and merchant-discount deals directly to specific cards when used to shop. American Express this week launched an online dashboard to simplify how its card members secure couponless savings as statement credits through the Amex Offers program. Coupons.com...
Boost Mobile recently announced that the fees for check loading and money transfers will be waived as part of a promotion. The Boost Mobile Wallet allows prepaid subscribers to manage their money, send payments, and pay bills. Mobile payment provider Wipit will power the service, which...
There was a time that Americans consumption of staple products – toothpaste, soap, toilet paper – was an area one could always count on for consistent growth, but in recent memory this has not been true. For the last three years, sales of staple consumer...
