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Card-Linking Transaction Loyalty Sees Surge

PYMNTS

It appears that more and more consumers are getting better connected with loyalty programs by linking their cards to them. “Card-linking has a network effect, and it is accelerating,” stated Silvio Tavares, CardLinx president and CEO, in a press release.

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JCPenney Removes Apple Pay Support

PYMNTS

The retailer’s support account on Twitter noted the change during the weekend, 9 to 5 Mac reported. In the social media reply to a user who asked why the payment method was taken away, the retailer said, “JCPenney made the decision to remove Apple Pay for our stores, we apologize for any inconvenience this may have caused.

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Halloween Sales Expected To Reach Record $8.4 Billion In 2016

PYMNTS

Halloween sales, which would amount to an all-time high, according to data provided by the National Retail Federation. Retailers are preparing for the day by offering a wide variety of options in costumes, decorations and candy, while being aggressive with their promotions to capture the most out of this shopping event.”.

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DEMOvation Finalists for Bank Innovation 2016 Announced

Bank Innovation

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

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New Year, New Mergers Sizzle For Payments Companies

PYMNTS

The move pushes Visa ever further away from cards and toward its goal of becoming, as management has often described it, a “network of networks.”. Holiday (and Post-Holiday) Shopping: Throughout the month of December helped push retail sales up more than 5.8 Retail sales were up 3.6 branded cards business grew by 10 percent.

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2016 Innovators to Watch: 1 to 5

Bank Innovation

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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Best New Financial Apps 2016, The List

Bank Innovation

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.