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The Target Corporation, the discount retailer, posted higher-than-expected quarterly earnings on Wednesday with an expanded selection of food in many stores and discounts for its cardholders that did not sacrifice its profit margins.
Sears, Roebuck, midway through a crucial effort to attract more shoppers to its stores, said yesterday that its credit division had suffered unexpected losses from delinquent cardholders that would depress earnings for the rest of the year.
Add another variation to the many types of insurance available for travelers: Travel Delay Protection, a plan for American Express cardholders that pays up to $200 a night for a hotel room if a trip is disrupted by a missed airline connection, delayed departure, canceled flight or denied boarding.
Its technology is already powering AskAmex, a personal concierge app for cardholders that launched its pilot program last year.
Just ahead of Apple Pay's public release, a top credit card provider, Capital One, has rolled out a new mobile wallet app for cardholders that will work with Apple's forthcoming mobile payments platform to provide users with detailed information on their Apple Pay transactions, in addition to balance rewards access, and other features.
Under the terms of the partnership, American Express cardholders that "check in" to certain businesses using Foursquare, a location-based service that allows users to share their locations and earn rewards for their patronage, will be able to redeem deals and receive credits when they shop, purchase meals and more.
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Only later do the cardholders realize that the new Card Act rules may not apply to these cards.
A separate analysis of purchases by Starbucks cardholders found that customers who consumed at least 250 calories per purchase cut their intake by 26 percent after the postings appeared.
Last month, in the wake of a $76 million first-quarter loss, Advanta said it would suspend further lending to its cardholders, meaning that as many as a million account holders would need to find credit elsewhere.
The CVV is your last barrier and theoretically only the cardholder has that piece of information – it isn't stored anywhere else.
For example, American Express would be in a position to direct cardholders to products that compete with a bank's other businesses.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com