PYMNTS

MAY 9, 2017

Credit, debit and prepaid cards issued in the U.S. saw purchase volume increase 7 percent year over year in 2016. That’s according to the Nilson Report, which said in a press release Monday (May 8) that credit, debit and prepaid cards’ purchase volume in the U.S. reached $5.648 trillion in 2016. percent, up from 45.84

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Cards America Report Branding 101

Bank Innovation

FEBRUARY 2, 2018

In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday. Danish credit card fraud significantly increased in 2016, Bloomberg said, and reports of online fraud in the country have increased 300% from reports in 2009. […].

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PYMNTS

MAY 27, 2020

has unveiled a partnership to power the expansion of Crypto.com ’s end-to-end crypto ecosystem, which consists of a Visa crypto debit card and a wallet app to buy and sell crypto and earn cash-back rewards in crypto form. They can directly top-up their cards for free, or top-up fiat currencies directly from their fiat wallets on Crypto.com.

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PYMNTS

MARCH 14, 2019

Sephora, the beauty retailer, announced on Thursday (March 14) the launch of a new credit card program. The company said in a press release that starting in the spring, it will offer the Sephora credit card, Sephora Visa® credit card and Sephora Visa Signature® credit card to its retail customers.

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Cards Retail Capital Marketing 215

Chris Skinner

JULY 27, 2016

Things we’re reading today include … Deutsche Boerse wins investor support for London Stock Exchange merger Australia’s big banks team up to challenge Apple on mobile payment apps Hedge funds see $20.7bn outflows in June Credit card firms ignore persistent debt, says FCA Virgin Money profits boom as customers splurge on credit cards (..)

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Apple Cards Mobile Payments 150

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.

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Cards Apple FDIC Samsung 167

Chris Skinner

DECEMBER 19, 2016

Things we’re reading today include … Ukraine leader urges calm after PrivatBank is nationalised Lloyds Bank buys MBNA credit card firm for £1.9bn Barclays braced to cut up to 7,000 trading customers Christine Lagarde: IMF chief convicted over payout Fed approves rule requiring banks to publicly disclose liquid assets Italy seeks 20bn euros (..)

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Cards 150

Chris Skinner

DECEMBER 21, 2016

Things we’re reading today include … Eurozone COLLAPSE fears as Italy demands £17BILLION bailout to prop up its ‘doomed’ bank London Stock Exchange in talks to sell French clearing house to Euronext Lloyds Bank swoops on credit card provider MBNA in £1.9bn deal What not to expect in 2017 Plastic £5 note maker Innovia snapped (..)

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Cards 150

Bank Innovation

DECEMBER 24, 2018

Card payments increased 10.1% by value from 2016 to 2017. The Federal Reserve’s triennial report on payments released last week shows accelerated electronic payments growth, as well as signs that fewer people are paying by check or withdrawing cash from ATMs. by number and 8.4% For comparison, these payments had increased 7.8%

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ATM Cards Comparison Payments 199

Chris Skinner

NOVEMBER 1, 2016

Things we’re reading today include … The rise, fall and fightback of Mark Carney, the rock star of finance Trade options Jose Manuel Barroso cleared of breaking rules for taking Goldman Sachs job Barclays customers hit by debit card glitch New pound coin: Firms told to prepare for redesign Mark Carney to leave Bank of England … The (..)

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Cards 150

Chris Skinner

OCTOBER 19, 2016

mln Indian debit cards: report Chancellor insists Bank of England will remain independent Fed risks repeating Lehman blunder as US recession storm gathers Handelsbanken shrugs off Brexit to post rising profits Bank of … The post Things worth reading: 20th October 2016 appeared first on Chris Skinner's blog.

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California US Security Cards 150

Chris Skinner

OCTOBER 16, 2016

Things we’re reading today include … Lack of new blood casts doubt over Wells Fargo’s change plan Euro ‘house of cards’ to collapse, warns ECB prophet Goldman Sachs vindicated but bruised in court battle with Libyan fund Lending Club tightens credit policies Redwood, a challenger bank founded by the Rowland family, seeks (..)

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Chris Skinner

SEPTEMBER 9, 2016

Things we’re reading today include … Mastercard faces £14bn card fee claim Stephen Fry: ‘Without tax, civilisation falters’ Wells Fargo will pay $190 million to settle customer fraud case Federal Reserve asks Congress to limit Wall Street merchant banking Quantum of scholars Carney’s arrogance has diminished the Bank’s (..)

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Chris Skinner

AUGUST 4, 2016

Things we’re reading today include … Goldman warns of Brexit restructuring Stop backing risky crowdfunding, MPs tell the government Bank of England unveils four-pronged stimulus package in bid to avoid Brexit recession US banks step up credit card push RSA profits jump as sterling’s Brexit slide boosts foreign earnings Banks offered (..)

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US Cards 150

PYMNTS

SEPTEMBER 29, 2019

Consumer bank Marcus , launched by Goldman Sachs in 2016, has lost $1.3 Goldman’s entry into savings accounts and credit cards resulted in early loan losses, people familiar with the matter told the news outlet. In 2016, Marcus launched consumer savings accounts with an opening balance of just $1.

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Utah Apple Texas Cards 115

Chris Skinner

AUGUST 23, 2016

Contactless customers urged to ‘check’ before they tap Contactless cards grow in popularity as payments reach £9bn City firm axes big-money bonuses to stop ‘wrong … The post Things worth reading: 23rd August 2016 appeared first on Chris Skinner's blog.

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Chris Skinner

AUGUST 10, 2016

Things we’re reading today include … CMA outline plans to ‘radically change’ retail banking The competition watchdog is letting the banks off the hook Q&A: Banking reforms Brexit latest ‘Project Sauron’ malware hidden for five years Old Mutual sells £238m Italian wealth arm as part of separation Money laundering (..)

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Chris Skinner

JUNE 12, 2016

Things worth reading today include … New criminal gadget can clone up to 15 contactless bank cards a second Farewell BBA: Lobby group backs plan to merge bank industry bodies after Libor scandal Libya SWF trial against Goldman Sachs set to start at London High Court Big Bang spawned a dark-trading monster UK financial services … The post (..)

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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

OCTOBER 26, 2018

Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Businesses increased their spend on commercial cards by 24 percent in 2017, Citi’s analysis found. Reports in The Asset on Thursday (Oct. Reports in The Asset on Thursday (Oct.

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Cards Regional Survey Tools 199

Bank Innovation

JUNE 27, 2016

Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit.

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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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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

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P. Following The Consumer Trend.

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Mobile Cards Samsung America 211

PYMNTS

JANUARY 30, 2020

Pleo , a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard , and will now offer company credit cards instead of prepaid spending cards, according to AltFi. CEO Jeppe Rindom announced the move on Thursday (Jan.

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PYMNTS

JUNE 19, 2017

The company believes that exposure of cardholder data that could be used to create counterfeit cards – including names, addresses, emails and Social Security numbers – was limited, but some credit card numbers may have been compromised. The breach may affect users who paid via credit card at affected Buckle store locations between Oct.

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PYMNTS

APRIL 27, 2017

million complaints in the second half of 2016 concerning financial products. In its figures, the FCA noted that total complaints were higher in the second half of 2016 compared to the first — when 2.05 In its figures, the FCA noted that total complaints were higher in the second half of 2016 compared to the first — when 2.05

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PYMNTS

FEBRUARY 2, 2017

The number of identity fraud victims rose 16 percent in 2016, marking the highest level since Javelin Strategy & Research began tracking the trend in 2003. According to the research, during 2016 there was a resurgence in existing card fraud, which saw an increase of 40 percent in card-not-present fraud.

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Fraud Strategy Cards Security 100

PYMNTS

JUNE 20, 2017

Prepaid card rules have been under fire ever since the Consumer Financial Protection Bureau (CFPB) put out its new regulations back in October 2016. 10 days | Time allotted for issuers to credit a cardholder’s account for disputed claims under October 2016 regulations. New regulations would remove this limit.

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PYMNTS

JULY 11, 2019

To offer customers greater choice and convenience in time for the summer holiday season, Hertz , Dollar and Thrifty are welcoming debit cards at selected European locations. The majority of people renting cars today pay with a credit card, according to the announcement, but many people across Europe do not have access to one.

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PYMNTS

DECEMBER 20, 2016

From open APIs to omnichannel, from EMV chip cards to faster payments, it’s hard to put a finger on exactly which happenings in the payments space had the biggest impact in 2016. PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016.

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PYMNTS

DECEMBER 8, 2019

The Apple Card is planning to offer 0 percent installment financing on iPhones by the end of 2019, 9to5Mac reported on Saturday (Dec. During Apple’s October earnings call , chief executive officer Tim Cook hinted that the Apple Card was planning 24-month 0 percent financing for iPhone purchases. Apple Card?

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Apple Cards Branding Retail 139

PYMNTS

DECEMBER 23, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip.

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PYMNTS

JUNE 21, 2019

Southwest Airlines is introducing a credit card for small business owners aimed at enhanced travel rewards. Business Insider reported Thursday (June 20) that Southwest announced the Southwest Rapid Rewards Performance Business Card, offering small business users 80,000 Rapid Rewards points when they spend $5,000 in the first three months.

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PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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South State Correspondent

MARCH 10, 2016

It was almost with equal sadness that we bid the 2016 ICBA Live conference goodbye this morning and Dos Equis’ World’s Most Interesting Man.Yesterdayboth announced their completion.

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PYMNTS

NOVEMBER 3, 2019

Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. According to regulatory filings made public this week, Apple Card? There are no fees with the card, and it integrates with Apple Pay and the iOS Wallet app.

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Apple Cards Branding Retail 129