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Citi Cards

Welcome to the News View for "Citi Cards".

Here, on these archive pages, you'll find all of the articles on Payments News for Citi Cards 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 10, 2014

Headline News from PaymentsNews.com - April 10, 2014

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February 13, 2014

Headline News from PaymentsNews.com - February 13, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

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  • Nok Nok Labs Delivers on Vision for Modern Authentication - "Nok Nok Labs, founded by Ramesh Kesanupalli, the visionary behind the FIDO Alliance, has launched the S3 Suite to enable organizations to support a broad variety of authentication technologies from a single, unified infrastructure."
  • Mastercard and Uber Offer Priceless Surprises This Valentine’s Day - "With planes ready to go, MasterCard will sponsor the launch of UberSky, a one day promotion brought to you by Uber giving a limited number of users a chance to deliver a personal on demand sky-writing service, valued at $10,000, to their loved ones for the small price of $500.00."
  • Citi Introduces New Way to Use ThankYou® Points - "With ThankYou Select and Credit, available ThankYou Points can be used to cover purchases in certain categories made with an eligible consumer Citi credit card that participates in ThankYou Rewards."
  • Synaptics and Nok Nok Labs Work Together to Enable the Future of Mobile Authentication - "The new joint solution will allow Synaptic's Natural ID Fingerprint Sensors to interact with the NNL(TM) Multifactor Authentication Client (MFAC), providing a fully integrated FIDO Ready(TM) solution for smartphone manufacturers looking to add strong, seamless authentication to Online Services from their mobile devices."

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February 11, 2014

Headline News from PaymentsNews.com - February 11, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

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January 16, 2014

Headline News from PaymentsNews.com - January 16, 2014

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December 16, 2013

Headline News from PaymentsNews.com - December 16, 2013

In addition to tracking the daily news of the payments world here on PaymentsNews.com, we can also provide you and your organization with monthly and quarterly market scans - contact me to learn more about this unique service customized to your special needs.

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October 22, 2013

Headline News from PaymentsNews.com - October 22, 2013

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September 23, 2013

VeriFone Names Paul Galant CEO

Verifone logo 140pxIn a press release Monday afternoon, VeriFone named Paul Galant as CEO and a Member of the Board of Directors, effective October 1, 2013.

In the press release, Galant said:

“I am honored to have been selected as VeriFone’s new CEO. I am impressed with the progress the company has made during the past year and recognize there is still much work to be done.

I am committed to VeriFone’s business success and look forward to working with the talented senior leadership team and VeriFone’s 5,500 employees worldwide to deliver the quality and innovation that our clients need and the value that our shareholders expect.

VeriFone has established a tremendous presence in the payments ecosystem with its managed services, platform software and data analytics offerings across its core global network of more than 20 million devices in 150 countries. This is a strong foundation to build upon, and I look forward to continuing to serve our clients and grow our device and services businesses leveraging new technologies and powering new commerce channels.”

Galant has held several positions at Citigroup including serving as head of Citi Cards and, most recently, as the CEO of Citigroup Inc.’s Enterprise Payments business.

August 01, 2013

Headline News from PaymentsNews.com - August 1, 2013

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July 22, 2013

Headline News - from PaymentsNews.com - July 22, 2013

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May 22, 2013

Headline News - May 22, 2013

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

April 15, 2013

Citigroup - 1Q2013 Financial Results

Citi logo 140pxThis morning Citigroup reported financial results for the first quarter 2013. Its card-related business in North America reported flat results for its combined Citi-branded and Citi retail services businesses.

"Citi-branded cards revenues declined 1% to $2.0 billion, reflecting lower average loan balances as Citi-branded cards loans declined 5% partially offset by an improvement in net interest spreads."

November 13, 2012

Citi 'Price Rewind' Price Protection Program

Citi logo 140pxCit has announced a new price protection program called Citi Price Rewind. Here's how it works. After a Citi cardmember purchases and registers an eligible item, Price Rewind will search hundreds of retailers’ sites for 30 days after the purchase to find a lower price. If a price is at least $25 less than what the cardmember paid, Citi will refund the difference in price – up to $250 per item.

“During the holiday season when the clock is ticking on getting popular gifts and toys, our customers can make their purchases today with more confidence that we will help get them a lower price,” said Ralph Andretta, Head of Co-Brands and Loyalty at Citi Cards. “Citi Price Rewind is another way that we’re delivering value to our cardmembers by using unique technology, and we’ve found a lower price for one-out-of-four registered purchases over $100.”

For more information on Citi Price Rewind, including a full description of coverage, eligible categories and Citi credit cards, visit http://www.citi.com/pricerewind.

September 19, 2012

August 21, 2012

August 06, 2012

July 17, 2012

Citi Reports 2Q2012 Financial Results

Citi logo 140px Citigroup has released financial results for the second quarter 2012. In its North American Consumer Banking sector, Citi reported that its Citi-branded cards revenues declined 8% to $2.0 billion versus the prior year period. Citi-branded cards loans also declined 3% from second quarter 2011

July 02, 2012

June 20, 2012

May 15, 2012

May 02, 2012

April 16, 2012

Citi Reports 1Q2012 Financial Results

Citi logo 140pxCitigroup has released financial results for the first quarter 2012. In its North American Consumer Banking sector, Citi reported that its Citi-branded cards revenues declined 6% to $2.1 billion versus the prior year period. Citi-branded cards loans also declined 2% from first quarter 2011.

April 02, 2012

March 19, 2012

February 06, 2012

January 31, 2012

December 19, 2011

August 11, 2011

Citi Commercial Cards to Issue Chip & PIN Card Solution in U.S.

Citi logo 140pxCiti has announced the launch of the Citi Corporate Chip and PIN card, a compliant smart card designed for U.S. corporate cardholders traveling abroad

"Many of our clients are leading multinational organizations with cardholders that travel extensively,” said Julie Monaco, Head of North America Global Transaction Services, Citi. “They require a payment product that can meet their needs wherever their business takes them and Citi is at the forefront of bringing this product innovation to our commercial card clients."

May 26, 2011

Google, Citi, MasterCard, First Data and Sprint Team up on Google Wallet

Google logo 140pxGoogle, Citi, MasterCard, First Data and Sprint have announced and demonstrated Google Wallet, "an app that will make your phone your wallet so you can tap, pay and save money and time while you shop. For businesses, Google Wallet is an opportunity to strengthen customer relationships by offering a faster, easier shopping experience with relevant deals, promotions and loyalty rewards."

“Today, we’ve joined with leaders in the industry to build the next generation of mobile commerce,” said Stephanie Tilenius, vice president, commerce and payments, Google. “With Citi, MasterCard, First Data and Sprint we’re building an open commerce ecosystem that for the first time will make it possible for you to pay with an NFC wallet and redeem consumer promotions all in one tap, while shopping offline.”

Google Wallet is currently in a field test and will be available to consumers this summer. The official site is www.google.com/wallet. The Google Wallet merchant acceptance site is www.firstdata.com/googlewallet.

If you missed the announcement — and all the Q&A — EnGadget was live blogging everything with photos. Nice job.

Sprint, VeriFone, and NXP all issued related announcements.

May 25, 2011

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