Facebook Ad Boycott Grows To Include Coca-Cola, Unilever A leading ad agency is asking clients to pull Facebook ads to support a boycott against the company. The move is to protest Facebook’s failure to remove certain hate speech and reluctance to correct US Government statements made using the social media platform. Civil rights groups including the NAACP and the Anti-Defamation...

Leading global payments provider and shopping service Klarna announced it has grown its customer base significantly since the Covid-19 crisis. In partnership with major apparel, beauty and footwear retailers—including H&M, Sephora, Timberland and The North Face—Klarna offers flexible payment options to consumers, giving them the convenience and purchasing power needed now. CardLinx Insight: CardLinx member Klarna is turning the economic...

As part of a global partnership, Ant Financial, the payment affiliate of Chinese e-commerce giant Alibaba, has invested in Klarna. The companies announced that Ant Financial has purchased a <1% ownership in the Swedish financial technology start-up, known for offering shoppers interest-free financing over monthly installments. CardLinx Insight: Ant Financial is an affiliate of Alipay, China’s largest mobile wallet and...

Publicis to Buy Epsilon from Alliance Data Alliance Data’s Epsillon Business has agreed to be sold for over $4 billion to Publicis. Alliance Data Systems Corporation is a publicly traded provider of loyalty and marketing services, such as private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data. The war for...

Last week’s mega bank merger announcement from BB&T and SunTrust will result in the 6th largest commercial bank in the US. These two regional banks are both headquartered in the Southeast and will create a new bank based in Charlotte, North Carolina. This yet-to-be-named new bank is a bet that increased scale will help keep up with larger competitors in the drive...

We welcome RBC Ventures to The CardLinx Association! RBC Ventures was created in 2016 by Royal Bank of Canada, Canada’s largest diversified financial institution, to support innovation and the development of transformational technologies through the direct investment in startup, early and growth-stage companies as well as indirectly through limited partnership fund investments. In July 2018, RBC Ventures announced RBC Reach, a corporate...

Headquarters: Rancho Cucamonga, CA Founded: 1981 Category: Credit Union Service Organization Industry: Payments and Financial Technology MEMBER SPOTLIGHT CO-OP FINANCIAL SERVICES How does your company fit into the card-linking or online-to-offline commerce ecosystems? CO-OP is a provider of payment processing services to the credit union market and our card rewards offering includes a card-linked offer (CLO) solution.  Our primary clients to whom we...