Credit cards

PenFed Credit Union Expands 5x Points Offering and Adds 15,000 Point Sign-Up Bonus for PenFed Platinum Rewards Visa Signature® Card

Retrieved on: 
Thursday, July 1, 2021
Money, Debit cards, Economy, Payment cards, Pentagon Federal Credit Union, Payment systems, Credit cards, Personal finance, Gift card, Visa Inc., Loyalty program

Platinum reward points can be redeemed with gift cards for shopping, dining and entertainment, and travel though the PenFed Rewards catalog and shopping.

Key Points: 
  • Platinum reward points can be redeemed with gift cards for shopping, dining and entertainment, and travel though the PenFed Rewards catalog and shopping.
  • Additional features and benefits of the PenFed Platinum Rewards Visa Signature Card include:
    1x Points** on all other purchases.
  • To learn more about the ways the PenFed Platinum Rewards Visa Signature helps members earn more on all of their everyday purchases, visit the PenFed Website .
  • Established in 1935, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving 2.3 million members worldwide with $28 billion in assets.

SMI acquires innovative financial literacy and capability platform PayPerks for smiONE cardholders

Retrieved on: 
Thursday, July 1, 2021
Payment cards, Credit cards, Money, Finance, Gaming, Gamification, Financial literacy, Visa Inc.

CARROLLTON, Ga., July 1, 2021 /PRNewswire-PRWeb/ -- Systems & Methods, Inc. (SMI) today announced that it has acquired the PayPerks platform, brand, and assets.

Key Points: 
  • CARROLLTON, Ga., July 1, 2021 /PRNewswire-PRWeb/ -- Systems & Methods, Inc. (SMI) today announced that it has acquired the PayPerks platform, brand, and assets.
  • The PayPerks platform has been successfully used for 10 years to improve the financial health of its millions of users, and will now power the education, gamification, and rewards functionality of the smiONE Visa Prepaid Card.
  • SMI plans to integrate the functionality of the PayPerks platform directly into its smiONE Card product, bringing the same education and rewards solutions to its 1.9 million cardholders.
  • "There continues to be a real need to help Americans across the financial spectrum with basic financial literacy and advanced financial capabilities, all in service of improving not only financial health, but overall health.

American Express Enhances the U.S. Platinum Card® with New Suite of Travel and Everyday Benefits

Retrieved on: 
Thursday, July 1, 2021
Banking, Professional services, Finance, Credit cards, Money, Payment systems, Finance, American Express, Travel management, Wells Fargo, Economy, Velocity Frequent Flyer

American Express today launched a refreshed U.S. American Express Consumer Platinum Card, which now offers even more value to Card Members with additional and expanded travel and everyday benefits and services across dining, wellness, retail and entertainment.

Key Points: 
  • American Express today launched a refreshed U.S. American Express Consumer Platinum Card, which now offers even more value to Card Members with additional and expanded travel and everyday benefits and services across dining, wellness, retail and entertainment.
  • The suite of benefits now offers Card Members access to more than $1,400 in value each year.
  • As Card Members begin to book their trips and travel again, the Platinum Card can elevate their travel journeys with new benefits including:
    $200 Hotel Credit: An annual statement credit for prepaid bookings at Fine Hotels + Resorts or The Hotel Collection properties made through American Express Travel.
  • From travel rewards, dining perks and unforgettable experiences to no additional charge benefits and more, Platinum Card Members can count on American Express to be there for lifes expected (and unexpected) moments.

Wheels Up Teams with American Express to Provide New Premium Private Jet Program Benefit to Platinum® Card Members

Retrieved on: 
Thursday, July 1, 2021
Credit cards, Money, Finance, Economy of New York City, Timeshare, Wheels Up, American Express, Jet card

NEW YORK, July 1, 2021 /PRNewswire/ --Wheels Up, the leading brand in private aviation, today announced, as part of the new American Express Premium Private Jet Program, exclusive benefits for Platinum Card Members to elevate the overall travel experience.

Key Points: 
  • NEW YORK, July 1, 2021 /PRNewswire/ --Wheels Up, the leading brand in private aviation, today announced, as part of the new American Express Premium Private Jet Program, exclusive benefits for Platinum Card Members to elevate the overall travel experience.
  • The American Express Premium Private Jet Program provides exclusive discountsand flight credits on new Wheels Up Memberships.
  • The Premium Private Jet Program also provides Platinum Card Members benefits through Wheels Up Marketplace Access for those wishing to fly without purchasing a membership.
  • "We know our Card Members will appreciate the level or safety and service of the Wheels Up private jet experience."

Mastercard Invites Consumers Across the U.S. To Join A 60 Million Person “Stand Up” in Support of Stand Up To Cancer

Retrieved on: 
Wednesday, June 30, 2021
Retail, Finance, Banking, Oncology, Professional services, Philanthropy, Restaurant, Bar, Fund Raising, Supermarket, Foundation, Family, Science, Consumer, Health, Research, Television specials, Cancer organizations, Credit cards, International broadcasting, Simulcasts, Stand Up to Cancer, Cancer, MasterCard

Mastercard is calling on consumers across the country to participate in a 60 million person Stand Up by taking an action with a purpose, in support of Mastercards $60 million Stand Up To Cancer (SU2C) donation pledge milestone.

Key Points: 
  • Mastercard is calling on consumers across the country to participate in a 60 million person Stand Up by taking an action with a purpose, in support of Mastercards $60 million Stand Up To Cancer (SU2C) donation pledge milestone.
  • As a longstanding partner, Mastercard continues to support SU2C by inviting cardholders to give back through its first-ever 60 million person Stand Up.
  • Mastercard cardholders can participate and take their stand in the following ways:
    Eat: Stand up by gathering with friends and loved ones for a meal.
  • Digital Stand Up To Cancer Placard: Stand up and join the MLB All-Star Game placard moment virtually on July 13th.

$103 Billion Credit Card Global Market Report 2021: COVID-19 Impact and Recovery to 2030 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, June 30, 2021
Banking, Professional services, Finance, Money, Finance, Payment cards, Credit cards, Payment systems, Debit cards, Banking in India, RuPay, MasterCard, Visa Inc., Interchange fee

The "Credit Card Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Credit Card Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The credit card market consists of sales of credit card services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data.
  • The credit card market covered in this report is segmented by type into reward card, credit builder card, travel credit card, balance transfer card, others, by card type into base, signature, platinum, by a service provider into visa, mastercard, rupay, others.
  • The impact of COVID-19 on a new credit card is expected to hinder the growth of the credit card market.

Credit Card Issuing Technology Veteran Gregg Hoffman Joins Corserv as Director of Business Development

Retrieved on: 
Wednesday, June 30, 2021
Payment systems, Finance, MBNA, Economy, Bank, Credit cards, Trade

ATLANTA, June 30, 2021 /PRNewswire-PRWeb/ -- Corserv, a company that empowers banks and fintechs with payment programs, has added Gregg Hoffman, a 20+ year veteran of credit card issuing technology companies to their executive team as the Director of Business Development.

Key Points: 
  • ATLANTA, June 30, 2021 /PRNewswire-PRWeb/ -- Corserv, a company that empowers banks and fintechs with payment programs, has added Gregg Hoffman, a 20+ year veteran of credit card issuing technology companies to their executive team as the Director of Business Development.
  • Prior to joining Corserv, Hoffman has had a successful career in the credit card issuing industry with companies including FNBO, Marlett Funding, The Kessler Group, and MBNA.
  • "We are fortunate to have Gregg join the Corserv's team," said David Luther, Chief Business Officer of Corserv.
  • "Gregg brings top-notch knowledge, integrity, and skills to help Corserv partner with community and regional banks for successful credit card issuing."

Russian national payment system "Mir" becomes available in South Korea

Retrieved on: 
Wednesday, June 30, 2021
Money, Credit cards, Finance, Payment systems, BC Card, Mir, Payment processor, Payment cards

BC Card, the biggest payment processing company in South Korea, firstly affiliates with NSPK to process Russian national payment system "Mir" among its 3.2 million domestic merchants.

Key Points: 
  • BC Card, the biggest payment processing company in South Korea, firstly affiliates with NSPK to process Russian national payment system "Mir" among its 3.2 million domestic merchants.
  • From last year, BC Card had started to cooperate with NSPK, a Russian national payment card system company, the operator of national payment system "Mir", to establish their cross-border payment network.
  • SEOUL, South Korea, June 30, 2021 /PRNewswire/ -- BC Card, the biggest payment processing company in South Korea, firstly affiliates with NSPK, a Russian national payment company, to process card payment of "Mir" system in South Korea.
  • As a Russian national payment system, Mir has 158 Issuers and 265 acquirers.

Russian national payment system "Mir" becomes available in South Korea

Retrieved on: 
Wednesday, June 30, 2021
Money, Credit cards, Finance, Payment systems, BC Card, Mir, Payment processor, Payment cards

BC Card, the biggest payment processing company in South Korea, firstly affiliates with NSPK to process Russian national payment system "Mir" among its 3.2 million domestic merchants.

Key Points: 
  • BC Card, the biggest payment processing company in South Korea, firstly affiliates with NSPK to process Russian national payment system "Mir" among its 3.2 million domestic merchants.
  • From last year, BC Card had started to cooperate with NSPK, a Russian national payment card system company, the operator of national payment system "Mir", to establish their cross-border payment network.
  • SEOUL, South Korea, June 30, 2021 /PRNewswire/ -- BC Card, the biggest payment processing company in South Korea, firstly affiliates with NSPK, a Russian national payment company, to process card payment of "Mir" system in South Korea.
  • As a Russian national payment system, Mir has 158 Issuers and 265 acquirers.

Carbon teams up with Visa to enable payments across Africa

Retrieved on: 
Tuesday, June 29, 2021
Money, Finance, Payment cards, Debit cards, Credit cards, Financial District, San Francisco, Visa Inc., Touchpoint, Financial technology

By leveraging Visa's payment functionalities, Carbon will deploy an instant issuance process in three key markets including Nigeria, Ghana, and Kenya.

Key Points: 
  • By leveraging Visa's payment functionalities, Carbon will deploy an instant issuance process in three key markets including Nigeria, Ghana, and Kenya.
  • The collaboration between both companies includes financial support from Visa and will be spread over the five-year partnership period.
  • "Carbon is focused on delivering an unparalleled banking experience that is both safe and reliable across all touchpoints," said Chijioke Dozie, CEO/Co-founder of Carbon.
  • "We want more customers to enjoy some of our popular products like Carbon Zero through their Carbon card, and key to achieving this is our partnership with a leading payments and fintech-friendly company like Visa."