Cartes de Crédit

[unable to retrieve full-text content] A&K Adds Two New Luxury Expedition Cruises to 2023-24 Season    Luxury Travel Advisor

By Iain Withers 2 Min Read LONDON (Reuters) - Britain's Revolut saw its losses more than triple in 2019, providing further evidence of strain on financial technology firms even before the COVID-19 pandemic. FILE PHOTO: A Revolut logo is seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Revolut, which provides bank accounts via its app, reported a pre-tax loss of 107 million pounds for the year to December, compared to a 33 million pound loss the previous year, according to its annual report. The company said its losses increased after its costs nearly tripled to 270 million pounds last year as it invested in its growth and products. The losses came despite Revolut's revenue jumping 180% to 163 million pounds, while retail customers increased to 10 million from 3.5 million. Fintechs globally have been forced to cut costs and some have struggled to raise funding since the pandemic hit. Revolut said it was reducing discretionary spending a...

Christie's makes its Aspen debut Auction behemoth Christie's has savored a fruitful 20-year relationship with the posh resort town of Aspen, whether in the form of film screenings or art collector dinners. Those connections have now spawned an official Christie's outpost downtown that opened June 16 and will close for the season in September. The two-story 2,635-square-foot building was first designed as a gallery for Marianne Boesky by Selldorf Architects (the studio also handled Christie's new 20 Rock galleries in New York) in 2017, flaunting polished concrete floors, a deck, and an outdoor sculpture garden. "We are delighted that the space we designed will continue to be used as a place to see modern and contemporary art," says Annabelle Selldorf, founding principal at Selldorf Architects. "In renovating and expanding the original cabin that dated from 1886, we wanted to create a place that would be welcoming to all members of the vibrant Aspen communi...

Fitch Ratings has affirmed Morocco-based Banque Marocaine pour le Commerce et l'Industrie's ( BVC:BMCI ) National Long-Term Rating at 'AAA(mar)' with a Stable Outlook. Fitch has withdrawn BMCI's Support Rating of '3' as it is no longer relevant to the agency's coverage following the publication of its updated Bank Rating Criteria on 12 November 2021. Key Rating Drivers BMCI's ratings are based on potential support from the bank's 66.7% shareholder BNP Paribas S.A. (BNPP; A+/Stable). Fitch's assessment captures BNPP's strong ability - as indicated by its Issuer Default Rating (IDR) - and willingness to provide support to BMCI. Strategically Important Subsidiary: BMCI has a modest franchise in Morocco, controlling a 5% market share. Nevertheless, BMCI is BNPP's largest African subsidiary and supports the group's franchise in the broader Mediterranean region. Easy to Support: BMCI is small relative to BNPP, representing less than 0...

Corporate financing specialist Bank CIC in Switzerland last year boosted profits by almost one-third, while at the same expanding its employee base. Bank CIC in Switzerland reported a total income of 128.5 million Swiss francs ($133.7 million) for last year, a gain of more than 10 percent on the previous period, with all divisions contributing to the results, it said Tuesday. The corporate sector specialists, under the leadership of CEO Thomas Mueller , reported net income of 23.4 million francs, an increase of 31 percent from a year earlier. More Employees Along with improved income, the bank also reported higher costs, adding 20 employees, and bringing the total to 339 full-time staffers by the end of 2017, it said. The gain in staff was driven largely by increased regulatory requirements as well tighter control and reporting demands, it added. Despite the hirings, additional compliance costs and project resources, the bank managed to limit the rise in costs to 3.6 percent ...

[unable to retrieve full-text content] Some advice requested on which Carte de sejour / visa I...    Expat Forum

CAMDEN, N.J. – A Rhode Island man was convicted for his role in a bank fraud conspiracy that targeted financial institutions in southern New Jersey, southeastern Pennsylvania, and Rhode Island, U.S. Attorney Philip R. Sellinger announced today. Olayinka Peter Olaseinde, 42, of Providence, Rhode Island, was convicted on June 21, 2022, of one count of bank fraud conspiracy and three counts of bank fraud following a five-day bench trial before U.S. District Judge Noel L. Hillman in Camden federal court. According to documents filed in this case and the evidence at trial: Olaseinde was part of a Nigerian-based, multi-layered criminal organization that engaged in a bank fraud conspiracy in several states, including New Jersey, Pennsylvania, Maryland, and Rhode Island, from June 2016 to March 2020. Members of the group acquired business checks that were stolen from the United States mail, altered the payee on the checks to a fraudulent name and deposited the checks into bank accounts...

Sometimes, our credit can take a dive, despite our best intentions. It can affect your ability to get a new credit card, but the good news is that you could still be able to obtain a line of credit.  When you have bad or no credit, many credit card companies will require that you pay a deposit before extending a line of credit. These are known as secured credit cards. However, there are some credit cards that do not require a deposit called unsecured credit cards. Our editorial team has done the work to find the top offers based on factors like APR, card requirements, rewards, introductory offers, automatic reviews, and more. If you're looking for credit cards for bad credit, these are the best unsecured credit cards of 2022. Card Highlights Intro Bonus N/A APR 26.99% (Variable) Recommended Credit Average, Fair, Limited Reward Rates N/A Annual Fee $0 Intro Purchase APR N/A Additional Details Intro Balance Transfer APR N/A Balance Transf...

Unknown to most western investors, a huge innovation has been taking place in large developing countries India and Brazil, which I think can have profound changes in the payment industry. These countries have realized that democratization of finance is the lifeblood of a dynamic economy and are leap-frogging towards a "cashless" digital society. Curiously, this innovation has been birthed by the country's federal governments (more specifically their central banks) and not any private enterprise. These countries are laying the foundation for a frictionless cashless society. They have created what is known aspublic sector payment rails, which are experiencing exponential growth. These public payment rails are digital infrastructure that enables real-time (within seconds or minutes) digital money transactions between entities without any middle men. Payment rails in a nutshell A payment rail is essentially the backbone of all digital money transfer between one individual or ...

[unable to retrieve full-text content] Mastercard Board of Directors Announces Quarterly Dividend | Nation/World    Bluefield Daily Telegraph

Global digital payments giant Visa and East Africa's biggest telecom Safaricom, the operator of the M-Pesa mobile money product, have today launched a virtual card, enabling millions of M-Pesa users to make digital payments globally, and giving Visa extended reach across Africa. The launch of the M-Pesa GlobalPay Visa virtual card follows a partnership between the two companies forged in 2020 to develop "products that will support digital payments for M-Pesa customers." The virtual card will enable 30 million M-Pesa users to make cashless payments at Visa's global network of merchants. Users can activate the virtual card through the M-Pesa mobile app or by USSD. Previously, M-Pesa users could only make mobile money payments within M-Pesa's network of nearly 400,000 merchants. "Safaricom has changed how money moves in Kenya. We are pleased to be working together to build new and innovative payments products and services that will help merchants and custo...

By Yingzhi Yang, Josh Horwitz 2 Min Read WUZHEN, China (Reuters) - China's increasing oversight of internet platforms is both "timely and necessary", Alibaba Group CEO Daniel Zhang told the World Internet Conference on Monday. Slideshow ( 4 images ) Zhang said Chinese internet companies had moved to the forefront of the global industry with the help of government policies, but regulations need to evolve. "To ensure a more orderly and healthy development of the internet and the digital economy, relevant state departments are seeking opinions on policies and regulations for the internet platforms ... this is very timely and necessary," he said. A planned $37 billion stock listing of Alibaba affiliate Ant Group was suspended this month after regulators warned its lucrative online lending business faced tighter scrutiny. Zhang is one of the few Chinese technology chiefs to appear in person at the Cyberspace Administration of China's annual event, which was scale...

The Credit Card Program enables customers to earn points by shopping across Old Navy, Gap, Banana Republic, Athleta and anywhere else Mastercard ® is accepted, plus receive exceptional rewards on groceries, dining, travel, and more . Gap Inc. (NYSE: GPS), a collection of purpose-led, lifestyle brands including Old Navy, Gap, Banana Republic and Athleta and the largest specialty apparel company in the U.S., shared today the launch of a new suite of credit cards with Barclays US Consumer Bank. First announced last year, Barclays is now the official issuer of Gap Inc.'s co-branded and private label credit card program in the U.S. and Puerto Rico through the Mastercard global payment network. Gap Inc.'s existing 10 million Cardmembers will be fully migrated to the Barclays program and will receive their cards later this month. Customers who are interested in becoming a Cardmember can apply online or through any of the company's retail stores in the U.S. and Puerto Ri...

VANCOUVER, BC , May 30, 2022 /CNW/ -- Camp Fiorante Matthews Mogerman LLP, Branch MacMaster LLP and Consumer Law Group Inc. announced today court approval of a plan for the distribution of settlement funds in the Canadian credit card interchange fees action.  The class action alleges that certain banks and Visa and Mastercard conspired to set higher interchange fees and to impose rules restricting merchants' ability to surcharge or refuse higher cost Visa and Mastercard credit cards. Interchange fees are charges that businesses have to pay in order to accept Visa and Mastercard credit cards. The class action was commenced in 2010. Settlements totalling $131 million in net compensation have been reached with Visa, Mastercard, Bank of America, Citigroup, Capital One, Desjardins, National Bank, CIBC, Royal Bank, BMO, TD and Bank of Nova Scotia . The settled defendants do not admit any wrongdoing or liability. The BC, Alberta , Saskatchewan , Ontario and Québec c...

[unable to retrieve full-text content] State aid: Compensation for La Banque Postale approved    European Union

Apple appears to have recently updated the Wallet app to allow users to add an Apple Account Card, which displays the Apple credit balance associated with an Apple ID. If you receive an App Store or Apple Store gift card, for example, it is added to an Apple Account that was previously visible in the ‌App Store‌ and ‌Apple Store‌ apps. As of today, the Apple Account balance can also be added to a new card in the Wallet app. To add the card, open up the Wallet app and under "Available Cards," tap on "Add Apple Account." As long as you have an Apple Account balance, you'll be able to add the card. Once added, you can view your Apple Account balance right from the Wallet app and use it to purchase Apple products, apps, games, and music. It works in the same way as any other card in the Wallet app when at an ‌Apple Store‌. The Apple Account Card replaces the iTunes Pass that used to be available quite some time ago. The Apple Account Card can be added on devi...

New York, NY --News Direct-- The new 60-second commercial for Justin Bieber's next Tim Hortons collab has dropped, with Justin reconnecting with his Tims partner Pam and showing his devotion to co-developing the perfect Biebs Brew. Justin is the last one in the Tims office and pulling an all-nighter so he can be the first to try Biebs Brew, which is made with 100 per cent premium Arabica beans and is slowly steeped for 16 hours to enhance the bold and smooth flavor. The first part of the Tims x Justin Bieber collab was focused on Justin putting his own spin on his favorite treats at Tim Hortons: bite-sized Timbits donuts. For the second collab, Justin and Tims decided to develop a new twist on what the iconic brand is best known for: brewing the perfect cup of coffee. In product brainstorms with the Tims team, Justin shared that he prefers his coffee on ice, which led to working on a new flavor of Tim Hortons Cold Brew. Also inspired by a slight sweet tooth an...