PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology. has seen slow adoption compared to other regions.

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Samsung Management Cards Regional 230

PYMNTS

JANUARY 13, 2021

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. Small Business Card Use On The Rise. Use of a charge card similarly grew year over year from 23 percent to 31 percent.

Cards 167

Cards Apple FDIC Samsung 167

CFPB Monitor

JANUARY 26, 2023

The CFPB has issued a new request for information (RFI) to inform its biennial review of the credit card market mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act). Comments on the RFI must be received by April 24, 2023.

Cards 78

Cards Marketing Report 78

PYMNTS

OCTOBER 17, 2018

A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards. Google Play cards were not reported in significant numbers until this year.

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Cards Payments Fraud Google 174

PYMNTS

DECEMBER 12, 2018

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate. million, according to a report.

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Cards Payments Regulation Regional 178

PYMNTS

FEBRUARY 6, 2019

Fleet payments company FLEETCOR is facing criticism over fees associated with its fleet cards, according to reports in Bloomberg last week, which small businesses (SMBs) say are too high. The issue mirrors the debate over payroll card fees, and raises new concerns over fees linked to card products for businesses, including interchange fees.

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PYMNTS

FEBRUARY 27, 2019

card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 Payment Systems Regulator (PSR) continue their probes into competition of the card-acquiring space, with Mastercard and Visa offering late last year to cut swipe fees on tourist cards to help end the EC’s investigation.

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Cards Retail Regulation Payments 176

PYMNTS

NOVEMBER 10, 2016

Contactless card payment usage in Europe continues to explode as more and more merchants accept this form of payment, according to a new study by consulting firm RBR. In a report dubbed “Global Payment Cards Data and Forecast,” the firm found that one in five card payments will be contactless by 2021.

Cards 181

Cards Study Payments Retail 181

PYMNTS

OCTOBER 27, 2016

billion on all credit, debit and prepaid general-purpose and private-label payment cards issued globally. percent in 2015, outpacing the growing global card volume. where issuers poured EMV cards into the market, merchants lagged in deploying terminals.”. 20.6% | The growth percentage of global fraud in 2015.

Fraud 100

Fraud Data Cards Report 100

PYMNTS

DECEMBER 21, 2018

Among the numbers was the fact that the number of card payments were up 10.1 That card payment data, according to the Fed, includes credit cards, debit cards and prepaid debit cards. Within that mix, prepaid debit cards were up 10.5 percent, and debit cards that were not prepaid grew by 10.4

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Cards Payments United States ATM 122

CFPB Monitor

FEBRUARY 21, 2023

A new report from the Urban Institute examining the 2015 expansion of the Military Lending Act (“MLA”) concludes that it did not lead to better credit and debt outcomes for servicemembers and may instead have limited access to credit for some servicemembers with deep prime credit scores. Continue Reading

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Lending Cards Study Report 78

PYMNTS

NOVEMBER 23, 2018

To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. That figure rose from only 7 percent in 2015, which marked an increase of 270 percent.

Fraud 156

Fraud Cards Retail New York 156

Bank Innovation

MAY 17, 2016

First announced in December 2015, the latest in the mobile wallet pipeline – Walmart Pay – is live as of yesterday to Walmart shoppers at 110 branches in Arkansas and a further 500 in Texas. Card transactions carry Read More. The feature will be available in all stores “soon,” the company said.

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Arkansas Cards Texas Mobile 199

PYMNTS

SEPTEMBER 8, 2017

A new study has found that the number of payment cards issued globally reached 14 billion last year and is predicted to rise to 17 billion by 2022, boosted by an increase in overall debit card issuance. RBR , a strategic research and consulting firm, recently published its “Global Payment Cards Data and Forecasts to 2022” report.

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Cards Payments Study Maine 149

PYMNTS

SEPTEMBER 13, 2018

Bank of America is adding mobile wallet functionality to its suite of commercial card products, the bank said Wednesday (Sept. According to Bank of America, mobile wallets can enhance payment security by tokenizing account numbers, effectively using a physical commercial card to generate a virtual card for a particular purchase.

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Mobile Cards Samsung America 141

Payments Dive

FEBRUARY 23, 2016

The Emerging Markets Payment Index is intended to be used by digital media companies, web and game developers for benchmarking their revenue in markets with high smartphone growth and low credit card penetration.

Marketing 150

Marketing Payments Cards Company 150

PYMNTS

JULY 6, 2018

billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of shipments in “a growing number of territories,” the association said in an announcement. marking a twofold increase over 2014.

Cards 110

Cards United States America Payments 110

Accenture

OCTOBER 9, 2019

The credit card partnership market is off to an aggressive start in 2019, given issuers’ robust activity in the first half to try to fuel new growth amidst a leveling-off in receivables. Already, 10 new credit card programs launched in the second quarter of 2019 (Figure 1), compared to the 16 launched in 2018, based on our analysis.

Cards 150

Cards Analysis Retail Apple 150

PYMNTS

JULY 17, 2018

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. The debate involves virtual cards and their use by insurers to pay healthcare providers. But, much like the payroll card debate, the legal questions around virtual cards also focus on fees.

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Cards Georgia Alabama New York 100

PYMNTS

MARCH 12, 2020

And according to Jennifer Schroeder, executive vice president of product management at PULSE, prepaid and payroll cards are proving increasingly popular among forward-thinking employers. As has been reported, the platform can help issuers manage, or restrict, transactions across groups of compromised cards.

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Cards Fraud United States Payments 154

PYMNTS

JANUARY 24, 2019

However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. million payment cards, Giorgio said. She noted that, ever since EMV chip cards were introduced in the U.S., Australia and Canada.

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Community Bank Community Cards United States 156

PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., The card giant said that, as of July of this year, 88 percent of its U.S.-based based consumer credit cards are chip cards, a tally that represents a 105 percent boost in chip card adoption since the liability shift took root on Oct. 1 of last year.

Fraud 100

Fraud Cards Customer Experience Regional 100

PYMNTS

OCTOBER 15, 2019

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. According to the leaked data, card information for sale on BriansClub showed a steady increase of inventory. In 2015, the website added 1.7

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Cards New York City New York Data 122

PYMNTS

SEPTEMBER 4, 2018

What does the future hold for the plastic payment card? Or will cards with cutting-edge technology win more loyalty from shoppers? The payment card has “a long life ahead of it,” he told Karen Webster. Even if you consider technologies like mobile, you can see that the consumer is still paying with payment cards.”.

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Cards Payments United States Maine 110

PYMNTS

OCTOBER 5, 2016

It’s been a year since the EMV card reader deadline. Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. Florida-based B&R Supermarket Inc. Florida-based B&R Supermarket Inc.

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San Francisco Cards Company Florida 183

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

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Cards Study Maine Payments 147

PYMNTS

DECEMBER 23, 2016

Credit and debit card payments are continuing to increase in terms of usage, with the Federal Reserve finding credit and debit card payments accounted for more than two-thirds of all noncash payments in the U.S. from 2012 to 2015. percent by value from 2012 to 2015. billion in 2015 with a value of $2.56

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Cards Payments US United States 100

PYMNTS

OCTOBER 17, 2018

between 2012 and 2015, surpassing growth in noncash payments, the Federal Reserve found. billion in 2015 from $6.1 The Federal Reserve said in a press release that the fraud data was collected as part of surveys of depository institutions in 2012 and 2015 and payment card networks in 2015 and 2016. billion in 2012.

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Fraud Payments Cards United States 184

PYMNTS

APRIL 12, 2018

Bank is mobilizing Mastercard commercial card products, the financial institution (FI) announced on Wednesday (April 11). Bank Corporate Travel Card said it will now support mobile payments for corporate customers using business travel cards that run on the Mastercard network. In a press release , U.S. According to U.S.

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Mobile Cards US Apple 116

PYMNTS

JULY 11, 2017

More CFOs are guiding their organizations toward corporate cards in lieu of offering after-the-fact reimbursements via expense reports, The Wall Street Journal recently reported. Research suggests companies are turning to corporate cards for their security as well. Many businesses are turning to virtual cards for these benefits.

Cards 100

Cards Comparison Groups Report 100

PYMNTS

JUNE 5, 2017

billion EMV cards in circulation worldwide as of the end of 2016. billion cards over the last 12 months. percent of all card-present transactions globally were handled with EMV tech — a 35.8 percent increase from the same time two years ago in 2015. According to new figures out from EMVCo, there were a total of 6.1

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Cards Regional America Fraud 146

PYMNTS

OCTOBER 17, 2018

Fraudsters Prize Payment Via iTunes, Walmart Gift Cards. Losses due to this type of fraud reached $40 million in 2017, an increase from $20 million in 2015 and $27 million in 2016. Starbucks has big hopes in China, CVS isn’t sweating Amazon competition and Ingenico inks a new European payments deal. Volkswagen Eyes eCommerce Sales.

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Cards Fraud Payments Online 155

PYMNTS

SEPTEMBER 5, 2017

Top credit card companies are taking an early opportunity to ensure their corporate cards work with new smartwatches. The move is a sign of support for contactless and mobile payments for corporate use; with the Fitbit and Vioactive watches, users can integrate their commercial cards for use within apps on the smartwatches.

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Cards Mobile America Survey 125

PYMNTS

OCTOBER 26, 2017

McDonald’s franchise owners in Pennsylvania have settled a lawsuit filed in 2015 over their use of payroll cards, news reports on Wednesday (Oct. Employees were forced to pay fees whenever they went to an ATM to withdraw funds from their payroll cards, as well as when they made online bill payments. as defendants.

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Cards Pennsylvania New York ATM 116

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. saw the biggest increase in 10 years in 2015, with the number rising by 41 percent. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. Across the U.S.,

Fraud 100

Fraud Cards South Dakota West Virginia 100

PYMNTS

MAY 30, 2019

Visa said this week that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously. EMV” is shorthand for Europay, Mastercard and Visa chip cards. storefronts now accept chip cards, according to the data.

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Fraud Cards Data Payments 198

PYMNTS

SEPTEMBER 23, 2019

As we noted in the recent Digital Banking Tracker, the CNP fraud has taken a leg down in favor of fraud that looks to snag credit card numbers. They took the details and applied for credit cards. Vendors even made payments to Jelfo’s credit card accounts, according to reports in patch.com. Check Fraud, Too.

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Cards Data Florida Fraud 124