PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. While the company is known for its payment solutions aimed at fuel for fleet services, it also has grown its corporate card and U.S. healthcare business.

Millennials 150

Millennials Examples Cards Groups 150

PYMNTS

FEBRUARY 13, 2020

The increasing number of businesses using cards over cash could prompt some companies in the U.K. Contactless transactions using commercial credit cards surged nearly a fifth higher in 2019 than they had been prior, according to the U.K. Tom Wood, head of global liquidity and cash management at HSBC U.K.,

Cards 153

Cards New York City New York Community 153

PYMNTS

DECEMBER 31, 2019

percent as of 2019 — PYMNTS’ 2019 numbers are historic, trailing 12-month numbers based on data from Q4 2018 through Q3 2019. percent as of 2019 data. In related grocery delivery news, Amazon Fresh, the company’s online grocery delivery program that pre-existed Whole Foods, dropped its $14.99 Webster added.

Retail 136

Retail Online Georgia North Carolina 136

PYMNTS

MARCH 20, 2019

Online and digital research company Juniper Research released a new report on Tuesday (March 19) saying the yearly value of virtual cards (temporary cards only usable for one transaction) is going to grow, but that adoption to the technology will be slow, according to a news release. percent from 2019 to 2022.

Cards 109

Cards Report Study Fraud 109

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.

Cards 110

Cards Payments United States Maine 110

PYMNTS

DECEMBER 28, 2018

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

Millennials 145

Millennials Lending System Data 145

PYMNTS

MAY 29, 2020

The department store chain earned a respectable first quarter as announced Thursday (May 28) through a mix of shrewd inventory management, financial reorganization and eCommerce strength. The company says that its offline-online split is about 66 to 33 percent of sales. He led with his strong card: eCommerce. “We

Cards 144

Cards Strategy Marketing Strategies Online 144

PYMNTS

OCTOBER 14, 2020

When the chips are down, consumers love and trust their debit cards. Among clear COVID-era trends is the embrace of debit for managing and mastering new realities. Debit cards remain the payment method of choice among U.S. With the proliferation of debit comes inevitable attempts to target debit cards.

Cards 182

Cards Fraud Study Online 182

PYMNTS

OCTOBER 24, 2018

24) a partnership to issue prepaid cards tailored to the Southeast Asian market. To overcome that, Grab, along with Mastercard, will issue virtual and physical prepaid cards directly from the Grab app. Customers can add cash to the card to spend at any merchant, online and offline, where Mastercard is accepted around the world.

Cards 126

Cards Regional Mobile Payments 126

PYMNTS

JANUARY 22, 2020

Two major Austrian card issuers are also using the technology. Experience counts when tight deadlines and project complexity raise the stakes,” said Uwe Härtel, Central Europe country manager at Entersekt. “We According to the release, Netcetera rolled out the solution before the September 2019 deadline. “We

Security 214

Security Payments Cards Fraud 214

CFPB Monitor

APRIL 13, 2020

Earlier this month, the Office of Servicemember Affairs (OSA) released its annual report covering the Office’s activities during fiscal year 2019, which covers the period of October 1, 2018 to September 30, 2019. Notably, only 2 percent of servicemember complaints involved struggling to pay their credit card bills.

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Report District of Columbia Survey social media 78

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. Trackers and Reports.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

APRIL 13, 2020

consumer, where spending was strong across cards, where auto loans remained resilient. We wouldn’t hazard to take a guess at the true breadth and depth of the coronavirus, but it’s a safe bet to assume that management commentary will delve into deferred mortgage, credit card and auto loan payments. and the U.K.,

America 312

America Cards Mobile Report 312

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. Decision Management Innovation. AI, Machine Learning and Optimization. Fraud & Security.

Analytics 52

Analytics Fraud Management Innovation 52

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. The pandemic has driven consumers to make the bulk of their purchases online, leading many businesses and retailers to struggle with securing their digital infrastructures and payments processes while managing floods of orders.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards. Around The Next-Gen Debit World.

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Security Fraud ATM Cards 182

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. That includes Marcus and the Apple Card.

Report 134

Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. That includes Marcus and the Apple Card.

Apple 132

Apple Lending Cards Report 132

PYMNTS

JUNE 3, 2020

MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. The company’s total revenue increased by 59 percent in 2019 to $2.30 One difference is the use of debit cards online. percent in YOY growth.

America 248

America Regional Fraud Mobile 248

PYMNTS

JANUARY 14, 2021

Via Mastercard’s relationship with Synchrony, it will work with Walgreens to launch new credit card products, as well as a pre-paid debit card. As of mid-2020, Walgreens has focused on its loyalty program, online capabilities and overall customer experience. But that’s where the standard co-brand partnership ends.

Payments 174

Payments Branding Analytics Data 174

CFPB Monitor

SEPTEMBER 23, 2019

The CFPB has released the Summer 2019 edition of its Supervisory Highlights. The report discusses the Bureau’s examination findings in the areas of automobile loan originations, credit card account management, debt collection, furnishing, and mortgage originations. Credit card account management.

Cards 60

Cards Report Policies Regulation 60

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

PYMNTS

OCTOBER 10, 2019

Today in the payments news roundup, average interest rates on credit cards are approaching record levels. Credit Card Interest Rates Rise To Near-Record Levels. Average interest rates on credit cards are coming close to record levels despite a 50-basis-point decline on a 10-year note yield. 14) in Switzerland.

Cards 109

Cards Payments Meeting Regulation 109

PYMNTS

SEPTEMBER 14, 2020

Friendly fraud has been on the rise for years, with customers contacting their banks to falsely assert that their credit cards have been used online for unauthorized purchases. Retailers suffer significantly from friendly fraud, reportedly losing $35 billion to such issues in fiscal year 2019 alone. Combining Friendly Fraud.

Fraud 176

Fraud Retail Cards Examples 176

PYMNTS

SEPTEMBER 3, 2019

. “Starling understands that many SMEs want to manage their banking online as well as through mobile applications and to support this, it will launch its web portal in Q3 2019,” Starling wrote In its update. “Construction of this portal is underway and on track for launch in September 2019.”

Lending 171

Lending blockchain Security Management 171

PYMNTS

AUGUST 28, 2019

A significant share of Generation Z consumers — those aged 18 to 25 — are turning to buy online, pick up in store ( BOPIS ) purchasing models to meet their speed needs. Some stores are leveraging automation to make the click-and-collect experience faster as well as cheaper and easier to manage. Quick Access and Impulses.

Retail 108

Retail Online Study Alaska 108

PYMNTS

FEBRUARY 21, 2020

Upon releasing its latest earnings, LendingClub , known up until now for its personal loans delivered through its online platform, said it had struck a deal to buy Radius Bancorp. The $185 cash and stock deal would bring an online bank with $1.4 Data breaches: MGM has admitted to a 2019 hack , where 10.6

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

MAY 27, 2020

Account takeovers (ATOs) rose 347 percent from 2018 to 2019 — a problem that will only worsen if financial institutions (FIs) are not vigilant. Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds.

Fraud 245

Fraud How To Analysis Strategy 245

PYMNTS

JANUARY 4, 2019

Quick-service restaurant (QSR) managers are a conservative bunch when it comes to payments, new PYMNTS research found. That’s a potential source of tension going into 2019 when it comes to QSRs’ ability to keep up with consumer preferences, and hold on to the loyalty of their customers. Amazon Pay. Mobile Unfamiliarity.

Apple 177

Apple Cards Retail Management 177

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Fraud 52

Fraud Cards Trends Report 52

PYMNTS

FEBRUARY 25, 2020

Online marketplace eBay has announced that it’s going to expand its “management of payments” to the United Kingdom, which will mean more payment options for customers, according to a release. We’re creating a modern managed marketplace. By starting to manage payments in the U.K. and Germany. and Germany. Rob Hattrell.

Payments 141

Payments Apple Management Google 141

PYMNTS

JANUARY 12, 2021

Plus, Salesforce has revealed a new loyalty management platform for companies. percent Q3 fiscal 2019, while interest expense was $115.9 million in Q3 fiscal 2019. Salesforce Unveils Loyalty Management Platform For Businesses As Online Sales Boom. Dollar Shave Club Names New Chief Executive Officer.

Retail 145

Retail Branding Study Management 145

PYMNTS

AUGUST 14, 2020

It looks like a race is shaping up to determine the future management of General Motors ’ credit card business. However, the Journal cited unnamed sources as saying that the London-based Barclays is also bidding for GM’s card business, while current issuer Capital One is unlikely to let the account go without a fight.

Cards 245

Cards Apple Google Technology 245

PYMNTS

JUNE 29, 2020

Facebook is upping the ante again in its bid to lure online video personalities to its platform. The additions include fan subscriptions, which allow fans of particular online video stars or up-and-comers to pay a monthly fee, as well as the expansion of its “Stars” program, Facebook said.

Video 131

Video social media Tools Online 131

PYMNTS

APRIL 15, 2020

Ethoca’s Digital Receipts service offers transparency about online purchases to make it easier for people to keep track of what they buy. It estimates that each dispute costs $15-$70 for both card issuers and merchants. It is being integrated into Mastercard’s suite of fraud management and security products. . and globally. .

Fraud 167

Fraud Cards Tools Online 167

PYMNTS

JUNE 10, 2020

In April, Flutterwave launched an online portal that will enable African businesses to set up online shops. At the heart of Flutterwave is its online payments business. In addition, Uber Cash in Africa will also accept transfers from Flutterwave’s Barter payment app, launched with Visa in 2019.

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San Francisco Online Cards Examples 130