Google Postpones Plans to Remove Cookies to Late 2023
DCA Member Collinson Signs Largest US Bank Chase for Airport Lounges
JPMorgan Chase is introducing travelers to a new airport lounge: Chase Sapphire Lounge® by The Club. Built and managed by DCA Member Collinson’s Airport Dimensions, this new loyalty offering will elevate the travel experience with a fresh approach to airport lounges. The new lounges will be announced in select US markets over time.
DCA Insight
Domestic US travel has rebounded more sharply than predicted. With more travel comes more commerce spending. JPMorgan Chase, the largest bank in the US, is betting big that travel and loyalty spending go hand in hand.
Visa Acquiring Swedish Open Platform Tink
The largest credit card company in the world, Visa, announced its plan to acquire Tink, a consumer-empowering open banking platform, and APIs, for $2.1 billion. The announcement comes after Visa backed out of a $3.5 billion deal to buy Plaid, a Silicon Valley fin-tech, in the wake of a DOJ antitrust investigation. Tink will retain its brand.
DCA Insight:
Visa’s motivation behind the new move to acquire the Stockholm-based fin-tech is to foster innovation and empower consumers to support Europe’s open banking goals. The acquisition supports the EU’s new Payment Services Directives (PSD2). Mandating banks facilitate data access to third-party financial management platforms, meeting the growing demand worldwide by consumers to control how and where they share their financial data.
Largest US Companies Boosted Numbers of Black & Latino Board Directors
This spring, S&P 500 companies tripled the share of new directors who are Black and more than doubled the share who are Latino, according to a recent article in the WSJ. Approximately 75% of the new directors are women, or belong to a racial or ethnic minority, up from 60% last year and 31% 10 years ago. Now, a third of the S&P board members are Black (compared with 11% the previous year) and 7% Latino (up from 3% last year).
DCA Insight:
While nearly 80% of the companies’ board seats are filled by white directors, and about 70% by men, the recent uptick in diversity and inclusion at the board level is positive. Opening boardroom doors to those with varied skills, backgrounds and experiences is good news for our society, reflecting recognition of the benefits of a Commerce with a Conscience best practice mindset.
EPISODE 67: Big Banking’s New Love Affair with Fin-Techs
We Want to Hear From YOU!
CardLinx Forum July Webinar
Bumped: How Stock Rewards are Changing the Loyalty Landscape
Wednesday, July 21st | 9:00am – 10:00am PST
2021 has brought the power of Retail Investors (individual consumers who own stocks) to the forefront of national conversations. As brands and financial institutions begin to look at what this surge of ownership means for them, David Nelsen from Bumped will share his insights on how owning even a small piece of a company can change the customer relationship. Join us for the exciting conversation about how stock rewards and ownership can transform loyalty for your company.
Speakers | David Nelsen, Chief Executive Officer – Bumped
CardLinx Forum (a division of DCA) hosts a live, interactive webinar each month featuring speakers from some of the world’s most influential companies. They share insights on important and relevant topics for your business—including the impact of Covid-19 on consumer credit behavior, mobile wallet adoption, card-linking and lending trends. The webinar is always free to members and non-members are invited to attend at $99 per registration. Members and non-members are encouraged to register now as space is limited!
