ONE-YEAR AGO:
A new report has
found that U.S. debit card volume continues to grow even as consumer
deposits
. . . .
(click here to read more)
FIVE YEARS AGO:
GE Card Services
profits rose 80% in the third quarter to $266 million, compared to
. . . .
(click here to read more)
TEN YEARS AGO:
Internet advertising continued its
sharp upward trend with the top 25 industries increasing spending 92% in
the first
. . . .
(click here to read more)
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Shell Oil and Citi have added more octane for new cardholders of their joint "Platinum MasterCard." The new "Double Rebate" promotion offers new cardholders 10% rebates on Shell gasoline purchases and 2% rebates on all other purchases for the first 60 days....
Frank Andrews is a member of our Card Issuing team at First Annapolis. Frank joined First Annapolis from MBNA where he held management positions in a variety of partnership market segments, fraud and collections....
[Click here to read more]
Network
Visa
Issuer:
Discover
TSYS reported third quarter revenues of $500.4 million, an increase of 9% year-on-year. However, net income for the quarter deceased 1% to $64.1 million.
Consumer revolving credit declined in August as Americans reduced net debt, mostly credit card related, by $600 million, after adding $4 billion in the prior month. The remarkable turnaround has pushed revolving consumer credit down to $969.0 billion and is now contracting by 4.8% per annum.
Citibank today launched the Citibank Debit and ATM Card,
offering customers global access to cash, free of charge at 13,500
Citibank ATMs in over 100 countries, and convenience to make purchases
at more than 29 million Visa merchant outlets worldwide. Citibank is targeting to issue 100,000 new cards over the next 12 months.
