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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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March 22, 2022
On the wires
ChargeAfter Raises $44M in Series B From World’s Leading Banks to Scale Global BNPL Financing Network
prnewswire
“ChargeAfter , the market-leading Buy Now Pay Later (BNPL) consumer financing network that provides shoppers with responsible, approved financing offers from multiple lenders with a single application, and bespoke white-labeled BNPL platform services for global banks and financial institutions has announced the completion of their $44M Series B. The round was led by The Phoenix, with participation from global banking giants Citi Ventures (Citigroup), Banco Bradesco, MUFG (Mitsubishi UFJ Financial Group), and existing investors. ChargeAfter’s new funding follows a strategic investment and partnership with Visa, bringing the company’s total amount raised to $60 million.”
September 18, 2019
On the wires
Capital One and Walmart Reimagine the Retail Credit Card Program
“Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted. The program’s signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart purchases, the Walmart Rewards Card, will be available beginning September 24.”
July 30, 2019
On the web
Capital One Reports Data Breach Affecting 100 Million Customers, Applicants
“Capital One Financial Corp. , the fifth-largest U.S. credit-card issuer, said Monday that a hacker accessed the personal information of approximately 106 million card customers and applicants, one of the largest-ever data breaches of a large bank. The bulk of the exposed data involves information submitted by customers and small businesses that applied for Capital One credit cards between 2005 and early 2019, the bank said, including addresses, dates of birth and self-reported income.”
July 27, 2018
Top Post
Synchrony Lost Walmart Card Deal In Battle With Capital One
Bloomberg
“Synchrony Financial said its credit-card deal with Walmart Inc. won’t be renewed and will expire next year. The largest issuer of store cards said Thursday that it’s evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards. Capital One Financial Corp.will take over as issuer of the Walmart’s private-label and co-branded credit cards beginning Aug. 1, 2019.”
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