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Affinity relationships with major card issuers and brands is on the rise for 2020. In the “Age of The Credit Card Bonus,” there is an endless and growing list of card issuers with a long list of cards creating a highly competitive environment to attract customers.(1) Special introductory bonuses with their plastic has become not only the norm but has proliferated into a legal, but industry-detested byproduct called “credit card churning,” referring to the practice...

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Mastercard today unveiled a new augmented reality (AR) app that lets cardholders see, explore and access the benefits of their Mastercard. The industry-first card benefits app delivers a photorealistic AR experience that transports users to a 360-degree virtual environment, where a series of interactive portals brings their card benefits to life. According to the J.D. Power 2018 U.S. Credit Card Satisfaction StudySM, rewards continue to drive consumer satisfaction with cards, yet only a third of credit...

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Prepaid Financial Services has been successful in the tender process undertaken by The Home Office, through the Crown Commercial Services Framework for Prepaid Cards, for the payment services under the Support Payment Card contract. The Support Payment Card contract will facilitate payments for eligible Home Office Service Users via a physical prepaid card using the Financial Technology (FinTech). The new payment cards can be used in any location accepting Mastercard. The FinTech enabled solution is...

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Qudian Inc. (“Qudian” or the “Company”) (NYSE: QD), a leading provider of online small consumer credit products in China, today announced that Mr. Chao Zhu resigned as director of the board of directors (“Board”) and member of the Compensation Committee, effective on December 8, 2018. With this change, the Board will achieve majority independence. The Board has appointed Mr. Rong Shengwen, an independent director of the Board and member of the Audit Committee since August 24, 2018, to fill the Compensation...

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Self Lender, a leading fintech startup offering Americans a way to build their credit while also saving money, today announced a $10 million round of Series B financing, led by Altos Ventures, with additional participation from Silverton Partners, Accion Venture Lab and others. The funding will be used for expanding the team, building new products and increasing marketing efforts. According to the Center for Financial Services Innovation, there are approximately 53 million people with no to low credit...

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