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? Such questions are addressed in a new PYMNTS story that features an interview with Sebastien Clamagirand, general manager of secure payment and identity at NXP Semiconductors.

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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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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.

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PYMNTS

SEPTEMBER 15, 2020

SBM Bank India , the Mumbai-based lender, and Mastercard have introduced a premium debit card for high-net-worth customers. It has also revealed the extreme disadvantage faced by shoppers and small businesses left out of the digital economy who need affordable financial products and services.

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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.

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PYMNTS

MAY 14, 2019

Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. The company was founded in 2015 by former employees of Tradeshift, Jeppe Rindom and Niccolo Perra.

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PYMNTS

DECEMBER 27, 2016

Commercial cards have struggled to gain widespread adoption in B2B payments, and new research from Mercator Advisory Group aims to explain why — and how to overcome those adoption barriers. But corporate buyers often prefer cards to obtain rewards points. There is substantial untapped potential, given the size of the market,” he said.

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PYMNTS

NOVEMBER 23, 2016

Nordstrom is broadening the scope of its B2B gift card operations by teaming up with prepaid card company CashStar. Using CashStar Business, Nordstrom is now offering Gift Cards for Business, a program that helps its business partners order Nordstrom gift cards and manage accounts. In an announcement Tuesday (Nov.

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PYMNTS

JULY 8, 2020

Both offerings, American Express said in its announcement , will “help businesses streamline and automate their invoicing and expense management processes.” Employees will be able to pay company invoices using American Express cards from within Concur Invoice. SAP acquired the company, then known as Concur , in 2015.

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PYMNTS

OCTOBER 19, 2017

Seed , which launched in 2015 to disrupt small business (SMB) banking, is emphasizing its focus on mobile-first solutions in the wake of revelations of its recent survey. According to Seed’s survey, less than a third of SMBs said their bank offers financial insights, and only about a quarter said banks offer them business management advice.

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PYMNTS

SEPTEMBER 8, 2016

New data suggests that they are buying more gift cards than ever before but then turning around and spending those cards on themselves. adults in June of this year to examine the shift in gift card consumers to prepaid and rechargeable cards issued directly from retailers. Mercator Advisory Group surveyed 3,009 U.S.

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PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards.

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Gonzobanker

OCTOBER 27, 2022

In early October, the Federal Reserve finalized a rule, known as Regulation II (Debit Card Interchange Fees and Routing), that requires every debit card transaction to have access to two unaffiliated payment card networks. The Federal Reserve reported that 23% of debit card transactions were CNP in 2019.

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PYMNTS

FEBRUARY 23, 2017

A board of appeals in New York state has revoked earlier regulations surrounding payroll cards developed by the New York State Labor Department after determining that the NYSDOL exceeded its rulemaking authority under the New York State Commissioner. Reports in the National Law Review Tuesday (Feb. The topic generated debate in the state.

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PYMNTS

JANUARY 26, 2017

The IRS has been using a John Doe summons to get access to taxpayers’ bitcoin information and is now using the same tactic to get debit card information. that may have offshore accounts created by Panamanian company Sovereign Management & Legal LTD. that received a Sovereign Gold Card debit card from 2005 to 2016.

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PYMNTS

JANUARY 11, 2021

Corporate travel management platform TripActions said in a press release that its TripActions Liquid payments and expense system now integrates with leading corporate finance systems. The company was founded in 2015. Palo Alto, Calif. based TripActions has 900 employees at six U.S.

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Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. ” – Tom Armstrong. And the winners are ….

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PYMNTS

AUGUST 9, 2017

Green Dot Corp released earnings on Tuesday that topped analyst expectations, with 55 cents a share reported, versus estimates of 40 cents a share, as organic growth and card counts both showed momentum in the period. Streit also said the company has entered an agreement to acquire a small tuck in secured credit card portfolio. .

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CFPB Monitor

MAY 3, 2016

The CFPB has issued a report covering its fair lending activities during 2015. The report states that in 2015, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $108 million in remediation. It also notes that in 2015, the CFPB referred 8 matters to the Department of Justice.

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PYMNTS

MARCH 21, 2017

Bank will enable its corporate customers to use their commercial cards via the mobile Apple Pay , Android Pay and Samsung Pay solutions, reports said Monday (March 20). According to the bank, this makes it the first to support mobile payments for Visa commercial card transactions. Bank corporate card customers.”.

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PYMNTS

DECEMBER 28, 2016

Payments 2016: The Year Of EMV-Enabled Cards. While the EMV liability shift took place in October 2015, many of the effects of that shift were felt throughout 2016. At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. Best of Times.

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PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Sometimes the cards are ancillary to a different criminal purpose.

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PYMNTS

MARCH 1, 2020

Small- to medium-sized businesses (SMBs) were duped by salespeople from American Express (AmEx) who reportedly misrepresented card rewards and fees in an effort to close more approvals, according to a report from The Wall Street Journal (WSJ) Sunday (March 1). Customers could also use their Costco-branded cards at other merchants.

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PYMNTS

SEPTEMBER 7, 2016

Payroll cards have been hit with a new controversy. Filed last week, the suit accuses Dave & Buster’s of forcing employees to be paid via payroll card for their first and last month’s paychecks. That sentiment echoes other states’ legislative efforts to protect workers from payroll card fees.

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FICO

SEPTEMBER 13, 2022

UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis. Changes in card management, customer behaviour and regulations make card delinquencies and other trends very different from the crash of 2008. Darcy Sullivan. Tue, 11/10/2020 - 12:17. by Liz Ruddick. expand_less Back To Top. Tue, 09/13/2022 - 09:25.

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CFPB Monitor

SEPTEMBER 9, 2019

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews. The report discusses developments to platforms that allow consumers to manage their accounts.

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PYMNTS

FEBRUARY 11, 2020

11) to set up a bank card clearing business, granting access to a $27 trillion payments market, according to reports. . The People’s Bank of China said in a statement that it has approved an application by Mastercard’s Chinese joint venture to conduct bank card clearing business in the country.

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Independent Banker

AUGUST 31, 2016

As chip cards become standard, counterfeit card fraud in the U.S. Here are five ways to fight fraud in the wake of the widespread deployment of EMV chip cards. Card-not-present fraud will likely rise, especially online. When you send out a new card, include clear activation instructions. By Terry Dooley.

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BankBazaar

JULY 31, 2023

And as they say, the rest is history! $60 Million Jackpot: Funding Frenzy in 2015 Fast forward to 2015, and BankBazaar struck gold with a whopping $60 million in Series C funding. TurboLoan: The Lightning-Fast Loan Journey Alongside the co-branded Credit Cards, BankBazaar unveiled TurboLoan, powered by Chola Finance.

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FICO

NOVEMBER 14, 2017

UBS Card Center, which processes roughly 25% of the credit cards in Switzerland, has cut the amount of fraud write-offs per compromised card, stopped more fraudulent transactions and reduced false-positive rates using the FICO ® Falcon ® Platform.

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PYMNTS

FEBRUARY 7, 2020

The broad consumer appeal of free trading compelled the 2015 launch of Robinhood. Late last year , Robinhood began offering a cash management service. We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions.

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ABA Community Banking

JANUARY 31, 2016

SNL Report: Consumer spending rises for big bank card issuers despite lower gas prices Management Financial Trends Payments Cards.

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PYMNTS

SEPTEMBER 29, 2020

Sources said Talwar, 59, brought in $92 billion of deposits and is credited with teaming up with Apple and Mastercard to launch the Apple Card. Talwar has been at Goldman since 2015. He had previously led the cards division for Discover Financial Services, and also spent 15 years at Citigroup Inc. “I consumer business.

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MyBankTracker

OCTOBER 27, 2020

When picking a credit card, it’s tough to resist the allure of big rewards. In a year-long MyBankTracker survey, nearly 3 out of 4 respondents (72.6%) preferred to receive cash back rewards on their credit card purchases. of respondents had specific spending categories in mind for their next credit card while 47.3%

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Study Cards Survey United States 52

PYMNTS

DECEMBER 12, 2019

The banking platform enables its customers to roll all of their payment and banking cards into a single smart card and app. With this announcement, people using wearables can now pay with any card using Curve. By partnering with wearables, more Curve customers can leave their cash, wallet and cards at home.

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PYMNTS

JUNE 11, 2019

in 2015, has expanded Apple Pay support for customers in 16 markets in Europe. Revolut offers banking services that include a prepaid debit card, P2P payments and currency and cryptocurrency exchange. If a user lives in a supported market, they can add a Revolut card to Apple Pay through the wallet app.

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PYMNTS

MARCH 31, 2020

A Zhonglin Capital official said, per the announcement, “In the connected era, we are optimistic that business travel and expense management platforms have become standard applications for enterprises.”. Fueled by funding in the past, Huilianyi grew into Malaysia and Singapore in 2018, and then into Japan last year.

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