Wells Fargo & Co. on April 11 reported a jump in first quarter credit card penetration in its retail banking households, to 38 percent, up from 34.1 percent a year earlier. The issuer also noted a 9 percent jump in its overall average consumer credit...
JPMorgan Chase & Co.’s Card, Merchant Services & Auto unit on April 11 reported a 4 percent drop in net revenue for the first quarter ended March 31, to $4.5 billion. Net income also was down, by 15 percent, to $1.1 billion, driven by lower...
Ripple Labs is hoping to continue to gain support for a concept that moves away from monetary incentives. What makes this protocol different from mining is that the Ripple Protocol involves gateways and move money along something that’s called validators, which establish trust within the...
Needles are painful, no matter how you cut it. Healthcare payments, however, don’t have to be. InstaMed Go, is a new payments solution that will help providers reduce the payment pain of healthcare payments. Get the Full Story Complete the form to unlock this article...
The payments rumor mill is on fire with speculation that Square is up for sale. We thought it would be fun to take a look at the potential slate of Square’s suitors - what they bring to the table and why Square might want to...
H&R Block Inc. on April 10 announced plans to divest its H&R Bank through a definitive agreement with BofI Federal Bank. The company expects the closing to occur before next tax season, as it still must go through legal and regulatory approvals. Get the Full...
Carl Icahn has officially brokered a truce with eBay Inc. in regards to his plan to spin-off the company’s payments arm, PayPal into a separate business. This significant reversal from investors’ rights activist Icahn came with a big concession from eBay- the e-retailer has agreed...
VeriFone Systems Inc. this week announced the launch of its first handheld EMV-capable payment terminal, the VX 690, which features Bluetooth, 3G radio and Wi-Fi connectivity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Last year Telefonica announced that were going to partner with CaixaBank and Santander. Now the company says that they will be launching the money transfer service within the next few months, according to Mobile World Live. Get the Full Story Complete the form to unlock...
