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Capital One

Welcome to the News View for "Capital One".

Here, on these archive pages, you'll find all of the articles on Payments News for Capital One listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 26, 2013

Headline News - April 26, 2013

On the web:

On the wires:

  • Coming Soon!

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 24, 2013

Q. Have You Heard About Spark Pay from Capital One?

Spark Pay logo 140pxEarlier today, we noticed a couple of tweets about a new service from Capital One known as Spark Pay.

Turns out that Spark Pay is the latest entrant in the market of providing card acceptance to small merchants using a smartphone or tablet. Spark Pay and its encrypting card reader allow small merchants to "start accepting all major credit cards immediately." The Spark Pay app is available on Android and iOS (iPhone and iPad).

Spark Pay is offering two pricing plans to merchants: a Pro Plan and a Go Plan. "The Pro Plan Pro offers a lower per swipe fee of 1.95% per swipe for Visa®, MasterCard®, and Discover® cards plus a $9.95 monthly fee. The Go Plan offers 2.70% per swipe for Visa®, MasterCard®, and Discover® cards with no monthly fee."

We expect to hear more about Spark Pay soon.

March 18, 2013

Headline News - March 18, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

March 04, 2013

Capital One To Offer Real-time, Personalized Deals via ShopSavvy

CapitalOne logo 140pxCapital One announced that it has teamed up with ShopSavvy to deliver personalized deals from the Capital One deals program to ShopSavvy app users while they shop and search for deals.

“Capital One is enhancing the shopping experience for our customers with in-store targeted merchant offers. With ShopSavvy, we’re providing a convenient service and an exciting opportunity for our customers to take advantage of the power of mobile commerce,” said Paul Sun, general manager, Capital One Deals. “Capital One is committed to giving our customers an easy way to save money without the hassle.”

October 22, 2012

Isis Launches in Austin and Salt Lake City

Isis logo 140x60px Isis has announced the availability of the Isis Mobile Wallet in Austin and Salt Lake City. Consumers can visit their AT&T, T-Mobile or Verizon retail location and select from nine Isis Ready handsets, with an expected 11 additional handsets coming to market by year end.

“The launch of the Isis Mobile Wallet in Austin and Salt Lake City represents a milestone for both Isis and the mobile commerce industry,” said Ryan Hughes, chief marketing officer, Isis. “With as many as 20 Isis Ready handsets headed to market by year end, we are experiencing an unprecedented level of support for NFC and consumer choice.”

American Express, Capital One, and Chase are the card issuing partners.

October 03, 2012

February 27, 2012

Chase, Capital One and Barclaycard to use Isis Mobile Wallet

Isis logo 140x60pxIsis has announced that Chase, Capital One and Barclaycard have entered into agreements to enable their credit, debit and prepaid cards to be placed into the Isis Mobile Wallet.

“Today’s announcement is testament to the vision and commitment of Chase, Capital One and Barclaycard to make mobile commerce a real and positive experience for their customers,” said Michael Abbott, CEO, Isis. “Mobile commerce is more than a new way to pay; it’s about extending the relationships consumers enjoy with their banks and merchants into a powerful and convenient new form factor.”
Isis is the mobile commerce joint venture created by AT&T Mobility, T-Mobile USA and Verizon Wireless.

August 23, 2011

Capital One Cash

CapitalOne logo 140pxCapital One has launched the Capital One Cash card, "a new cash back credit card that offers 50% more value to customers without the restrictions commonly found in cash rewards cards. With this card, customers get 1% cash back on every purchase every day, a 50% anniversary bonus on cash earned on purchases in the previous year, and a one-time $100 bonus once they spend $500 in the first three months. And of course, as with all other Capital One cards, there are no foreign transaction fees."

August 10, 2011

April 21, 2011

Capital One Reports 1Q2011 Financial Results

CapitalOne logo 140pxCapital One has reported first quarter 2011 financial results. In its credit card business, first quarter Domestic Card purchase volumes grew $3.0 billion, or 13.8%, from 1Q2010 but declined by $2.0 billion, or 7.3%, compared to 4Q2010 due to seasonal patterns. The net charge-off rate for Domestic Cards improved 108 basis points to 6.20% from 7.28% in the prior quarter.

May 12, 2010

Capital One Introduces Small Business Rewards Card: Venture for Business

Capital OneCapital One has launched Venture for Business, a premium rewards credit card offering small business owners double miles on every purchase, the opportunity to earn up to 15,000 bonus miles within the first three months and a flexible redemption process that eliminates the restrictions commonly found in rewards programs. According to Capital One, there are no limits on when, where or how double miles can be earned, no retailer specifications or spending categories, no separate rewards enrollment or re-enrollment requirements, and no limit on the number of miles cardholders can accumulate. READ MORE »

June 08, 2009

US Credit Card Issuers Adapting to New Card Law

In an article titled "Capital One Looks to Adapt to Credit Card Laws", Thomas Heath writes for the Washington Post about Capital One's plans to "reinvent itself for a new age of regulation."

June 02, 2009

Capital One Introduces Card Lab Connect for Nonprofits

Capital One has launched Card Lab Connect, a credit card affinity program that Capital One says helps nonprofits expand their giving channels while providing their supporters with a convenient and meaningful way to donate to charity programs. Unlike most affinity card programs which generally cater to larger, national organizations, Capital One Card Lab Connect is available for nonprofits of all sizes. READ MORE »

April 21, 2009

Capital One Reports 1Q2009 Financial Results

Capital One has reported first quarter 2009 financial results. In its credit card business, credit card purchase volume declined 11.9% vs 1Q2008 and the number of loan accounts declined over 13%. The U.S. credit card charge-off rate increased to 8.4 percent for the first quarter of 2009 vs. 5.85% a year ago.

February 18, 2009

Help With My Credit Launched by US Credit Card Issuers, Networks

A group of credit card issuers and payments networks (Bank of America, Capital One, Citi and Discover Card along with MasterCard and Visa) have introduced Help With My Credit, a resource to assist and educate consumers struggling to make their credit card payments.

According to a press release issued late Tuesday, "Help With My Credit invites consumers to call a toll-free telephone number (1-866-941-1030) where operators will provide them with information about speaking with customer service representatives within participating credit card issuers or to accredited credit counseling agencies, depending on the individual’s situation and needs."

Consumers can also visit a new Web site, http://www.HelpWithMyCredit.org, which provides consumers information on how to manage credit cards and better communicate with their credit card companies, and how to identify and speak with an accredited credit counselor. READ MORE »

January 22, 2009

Capital One Reports 4Q2008 Financial Results

Capital One has reported financial results for the fourth quarter of 2008. In Capital One's US Card business, purchase volume in the fourth quarter declined over 10% vs. 4Q2007 and was down 5% from the third quarter of 2008. Chargeoffs on the US Card business increased from 4.84% to 7.08% between 4Q2007 and 4Q2008.

September 16, 2008

Capital One Bank Launches Checking Account with Rewards

Capital One Bank has announced it has introduced a Rewards Checking account that "allows customers to easily earn rewards for everyday banking activities." READ MORE »

July 03, 2008

Capital One's Decoupled Debit MasterCard Spotted in the Wild

Morriss Partee, CEO of EverythingCU.com, blogs on the Payment Industry Insider blog about an email he recently received from Capital One offering him "big rewards for his debit purchases - without changing banks." Partee writes: "No longer a regional effort tied to rewards at a supermarket chain, they now (presumably) have gone national, and have tied it to their own reward program. On top of that, they are charging the consumer $19.95 per year for the service."

You can read more about Capital One's Debit MasterCard at the Capital One web site. A comprehensive FAQ on the product is available. Rewards are only earned on signature-based (not PIN-based) purchases. Note that the new debit card is also "paperless" - a paper statement of account activity is only available upon request each month and has a $3.00 fee.

June 03, 2008

New Orbitz Visa Credit Card Powered by Capital One Rewards

Orbitz Worldwide has introduced a new Orbitz Visa Credit Card powered by Capital One No Hassle Rewards, a new credit card that it says "makes it easy for travelers to earn triple Capital One No Hassle Rewards points by booking airfare, hotel accommodations and vacation packages on Orbitz.com." READ MORE »

May 20, 2008

Are You Frustrated About Waiting to Pay?

New survey results announced by Capital One Canada find that "individual Canadians spend more than 115 hours - almost five days - each year waiting in line and paying for daily purchases" - and that contactless payments can help save between 28 and 46 hours of that time. READ MORE »

May 05, 2008

Decoupled Debit Card Tests Shutdown by Capital One

Will Wade reports for the American Banker (subscription required) that Capital One is shutting down two merchant pilots of its decoupled debit card product that was announced last May.

April 03, 2008

Capital One Moves to Fixed Interest Rates on Some Credit Cards

Jane J. Kim writes for the Wall St. Journal about Capital One's changing of interest rates on some of its credit cards from variable to fixed rates. With a fixed rate, any further reductions in interest rates as the result of Federal Reserve actions aren't passed along to the cardholder as lower interest charges.

February 21, 2008

Capital One Introduces Enhanced Rewards Card for Small Businesses

Capital One has announced the Preferred No Hassles Miles card, a card that it says "offers small business owners double rewards for travel and entertainment purchases."

READ MORE »

January 14, 2008

Reading the Credit Card Delinquency Tea Leaves

In an article titled 'High-End Cards Fall From Grace', the Wall St. Journal's Robin Sidel and David Enrich report on last week's news from American Express and Capital One about increasing delinquencies in their credit card portfolios. Later this week, other major issuers will report financial results - including JP Morgan Chase, Citigroup. Another very large issuer, Bank of America, will be reporting financial results next week.

Over the weekend, the New York Times' Floyd Norris reported on last week's Federal Reserve report about the recent surge in growth in consumer revolving debt.

January 08, 2008

Capital One Supports Personalized Images on Credit Cards

Capital One has announced the addition of a new “personalized image” feature for its customers. All Capital One consumer credit card customers now have the option to visit the Capital One web site and upload their own photo images – family, friends, pets, or a favorite picture – to be printed on their card, at no cost.

READ MORE »

December 07, 2007

A Look at Capital One's Card Lab

Ron Shevlin writes on his Marketing ROI blog about Capital One's Card Lab. Shevlin's verdict? "Card Lab is a winner"

November 26, 2007

Capital One's Card Lab

You've probably already seen the ads. Capital One Financial Corporation has announced the launch of the Capital One Card Lab, calling it "a convenient online tool designed to help consumers select from a menu of terms and options to build their own credit card. The Capital One Card Lab site offers an array of options related to interest rate, annual fee, rewards and even the design on the front of their card and allows consumers to select the combination of features that are most important to them."

READ MORE »

November 20, 2007

Card Issuers Introduce New Credit Card Loyalty Plans

Jane J. Kim writes for the Wall St. Journal about new credit cards from Capital One, Chase Card Services and Discover that offer more "flexibility and convenience" in their rewards programs - intended to make their cards "top of wallet" in terms of consumer preference.

November 19, 2007

Capital One, NetSpend Terminate Acquisition Agreement

Capital One and NetSpend have announced that "they have mutually agreed to the termination of their previously announced acquisition agreement and that they have entered into a Letter of Intent to expand their existing strategic relationship. As part of the expanded strategic relationship, Capital One intends to acquire a minority interest in NetSpend, a leading retail marketer of prepaid debit cards, along with an option to purchase additional shares of the company. In addition, the parties expect that a Capital One representative will join the NetSpend Board of Directors."

READ MORE »

November 07, 2007

Capital One Holds Annual Investor Conference

Capital One held its Annual Investor Conference yesterday. An audio replay along with accompanying slides are available online.

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