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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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July 24, 2014

Headline News from PaymentsNews.com - July 24, 2014

On the Web:

On the Wires:

  • LoopPay Secures Investment from Visa Inc. - “Visa continually evaluates and invests in new technologies that have the potential to transform mobile devices into secure payment vehicles,” said Jim McCarthy, senior vice president of innovation and strategic partnerships, Visa Inc. “LoopPay has developed compelling technology that has the potential to enable merchants to accept payments from mobile devices using their existing point-of-sale infrastructure.”
  • Citi® Commercial Cards Joins With Concur® to Offer a New, Enhanced Reporting Solution - We’re excited to partner with Concur, a recognized leader in the industry, to provide these reporting packages to our clients. These enhanced travel reports will not only provide efficiencies for our customers by automating current manual processes, but also enable clients to make key travel program decisions more quickly and with more confidence,” noted Manish Kohli, Citi’s Global Head of Commercial Cards.
  • Discover® Fuels Summer Fun with Cashback Bonus® at Gas Stations - “Discover cardmembers who are commuting or traveling can earn up to $75 Cashback Bonus for the many miles they drive during the summer months,” said Heather L. Roche, vice president of rewards at Discover.

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 13, 2014

Headline News from PaymentsNews.com - May 13, 2014

On the Web:

  • Dark Wallet and Bitcoin Regulation - PaymentsViews.com (George Peabody) - "For those of us who believe that our tools give us the ability to create positive change, the next task will the development of stronger mechanisms to secure privacy and security on the Bitcoin ecosystem instead of increasing its vulnerability to regulation."
  • Square Finally Gives Up on Square Wallet and Bets on New Order-Ahead App - Re/Code.net (Jason Del Rey) - "As of today, Square has pulled the app from the Apple and Google app stores. At the same time, it is introducing Square Order, an app that lets shoppers place pick-up orders from, and pay at, coffee shops, cafes and other Square merchants..."
  • The Future of Retail Checkout: No Checkout at All? - The Atlantic - “People have said when checkout is working really well, it will feel like stealing. You grab a pair of shoes and you just walk out.”

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 10, 2014

Headline News from PaymentsNews.com - April 10, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

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.

On the Web:

On the Wires:

  • 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."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

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.

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 16, 2014

Headline News from PaymentsNews.com - January 16, 2014

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On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

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.

On Twitter:

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

October 22, 2013

Headline News from PaymentsNews.com - October 22, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

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

On the web:

On the wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

July 22, 2013

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

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

May 22, 2013

Headline News - May 22, 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.

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."

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