In a statement JPMorgan Chase & Co said, it would acquire the global loyalty division of cxLoyalty Group Holdings Inc – a third-party credit card loyalty program service provider. JPMorgan did not disclose the financial terms of the acquisition. “People… Read More ›
Bloomberg has reported citing sources briefed on the matter as saying, JPMorgan Chase & Co plans on cutting hundreds of jobs across its consumer division. Bloomberg’s report did not mention the exact number of jobs JPMorgan plans on cutting but… Read More ›
Hyundai Card has asked banks to pitch proposals for a potential IPO and expects to receive the proposals from banks by October 22. On Tuesday, Hyundai Card, the credit card unit of Hyundai Motor Group, disclosed it is preparing for… Read More ›
The partnership is a win-win situation for both companies. Partnering with Paytm will help Citi expand its financial product base given Paytm’s market dominance in India’s digital payment services market. In a strategic move, India’s biggest digital payments firm Paytm… Read More ›
Despite the hit, Mitsubishi UFJ Financial Group Inc (MUFG) has continued to forecast a net profit. On Monday, As per a report from the Nikkei, Japan’s MUFG is set to book a charge of around $893.34 million (100 billion yen)… Read More ›
As per KrebsOnSecurity this could be related to the the sale of credit & debit card numbers on the dark web. Sonic Corp, a U.S. fast food chain operator has disclosed that it has detected unusual credit card related activity… Read More ›
While Samsung Pay allows its users to make offline credit or debit card transactions through its Android powered devices, Samsung Pay Mini allows its South Korean users, to transact online, using its devices. In a significant development, South Korean electronics… Read More ›
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