PYMNTS

OCTOBER 16, 2020

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Consider a typical credit card purchase. Here’s why. .

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PYMNTS

SEPTEMBER 30, 2020

In today’s top payments news around the world, American Express launched co-branded credit cards with Amazon targeting small to medium-sized businesses (SMBs) in Britain, while Volopay is teaming with Nium for a new and enhanced corporate credit card. American Express, Amazon Roll out UK Credit Card Aimed at SMBs.

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PYMNTS

OCTOBER 19, 2020

He told Webster companies that formerly relied heavily on checks have had no choice but to move to digital forms of payment like virtual cards or ACH. You’ve got a process for paper checks, [but] you’ve got a different process for cards [and] you’ve got a third process for ACH,” he said. 2021 Could Be All About Digitization .

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Payments Fintech System Cards 276

PYMNTS

NOVEMBER 13, 2020

In today’s top news, people are still stocking their savings accounts despite low interest rates, and Instacart could file an IPO in early 2021. Instacart IPO Could Come Early 2021 With $30B Valuation. The IPO could be announced early in 2021. Plus, Amazon is expanding its in-garage delivery to 4,000 cities.

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PYMNTS

JANUARY 13, 2021

In the months to come, the retailer will roll out Synchrony-issued credit cards in addition to a prepaid debit card that will be fueled by the Mastercard network, according to a Wednesday (Jan. The credit cards will link up with myWalgreens , the retailer's new customer rewards program. 13) announcement.

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PYMNTS

SEPTEMBER 20, 2020

Cape , a new Australian FinTech made up of professionals in finance, is debuting its new “recession fighting” credit card, powered by open banking and intended to allow access to new functions like buy now, pay later (BNPL), according to a report from AltFi.

Cards 254

Cards Fintech Management Lending 254

PYMNTS

NOVEMBER 23, 2020

Retailers, too, had to respond and revise their checkout experiences when fears over the new coronavirus lingering on surfaces led to consumers becoming reluctant to exchange cash with store clerks or insert payment cards into point-of-sale (POS) terminals. About The Playbook.

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PYMNTS

JANUARY 20, 2021

Ryan Frere, executive vice president and general manager of B2B for Flywire , believes that embedded finance in B2B is key to payments optimization in 2021. There is no need to fumble with cash or hand a payment card to the driver — it happens automatically. Ridesharing is an example we all know well. Apple iTunes is another.

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PYMNTS

OCTOBER 5, 2020

United Airlines and Chase Card Services today launched a “United Gateway” credit card that carries no annual fee and offers new users who charge $1,000 within three months of enrolling 20,000 frequent-flier miles. The card's rewards program includes 3 travel miles for every $1 spent on groceries through Sept.

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PYMNTS

JANUARY 26, 2021

In today’s top news, Flywire could file for an IPO later this year that could value that company at $3 billion, and Mastercard debuted new quantum-resistant technology for contactless payments. Flywire Said To IPO In Late 2021 With A $3 Billion Valuation. Flywire Said To IPO In Late 2021 With A $3 Billion Valuation.

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Technology Payments Strategy Retail 154

PYMNTS

DECEMBER 11, 2020

Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Digital Gift Cards ’ Growth. For instance, people are simply directing more spend at gift cards this holiday season. Not All ‘Gift’ Cards Are Gifts .

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Cards United States Strategy Retail 291

PYMNTS

NOVEMBER 8, 2019

But here at the PYMNTS Weekender, we want to make sure you didn’t miss any important news this week. Goldman Extends $10B In Apple Card Credit In First Month. According to regulatory filings made public this week, Apple Card? According to regulatory filings made public this week, Apple Card?

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Apple Cards Fraud User Experience 100

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov. Three Components .

Cards 287

Cards Payments Mobile Management 287

PYMNTS

OCTOBER 6, 2020

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. Splittable Card Payments . Instead, Venmo’s entire DNA is digital. Designing In Choice.

Cards 313

Cards Mobile User Experience Payments 313

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021. Capital One Halts BNPL Transactions On Its Credit Cards.

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PYMNTS

DECEMBER 14, 2020

Chase Bank and Mastercard have partnered with Air Canada to introduce the airline’s Aeroplan credit card in the U.S. He added that the partnership and new program will “drive significant growth and engagement” and extend the new offering to some two million people with ties to both Canada and the U.S. issuers at Mastercard. .

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PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. suggests businesses could be following suit.

Cards 188

Cards Payments Taxes Study 188

PYMNTS

FEBRUARY 7, 2020

The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new cards, according to a report in the Telegraph. If a customer goes over that limit on several card payments, then they’ll have to enter a pin.

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PYMNTS

JULY 14, 2020

employees and shoppers who expected to see the California-based technology giant reopen its stores this summer got some bad news. In a video conference call with its workforce last weekend, Deirdre O’Brien, Apple’s senior vice president of retail and people, encouraged employees to serve customers from home, Bloomberg News reported. . “If

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Apple Video Retail California 145

PYMNTS

NOVEMBER 30, 2020

Outback Steakhouse has rolled out a new “curbside concierge” option for holiday gift card shopping, according to a Monday (Nov. Customers call ahead or go to their nearby restaurant and drive into a set gift card drive-up parking spot with the service. Customers who purchase $50 in gift cards up to Dec. 30) announcement.

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Gonzobanker

AUGUST 3, 2023

The time has come for some truth on the world of payment card flips. disrupted banks’ income on debit cards. had in 2011, they’re likely to see an 18% to 25% volume shift from signature to PIN card transactions by the end of 2025. And the threat of disruption on credit cards looms large. What interchange differential?

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PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Reuters quoted unnamed sources as saying the offering would occur in early 2021, valuing the company at about $30 billion. Connected-economy companies led 2020’s surprisingly successful roster of U.S.

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Marketing Company Online Management 198

PYMNTS

JANUARY 26, 2021

Nearly a year of trial-by-fire, pandemic-era learning within the payments business has not only provided some great lessons but has also set the stage for some major advances in 2021 that have been in the cards for years.

Payments 274

Payments Fraud Taxes Tools 274

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept.

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Cards Management Tools Guidelines 249

PYMNTS

OCTOBER 23, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. Small and medium-sized businesses (SMBs) can accept payments via a mobile program or touch-free card reader with QuickAccept and get the funds immediately. 2021: The Year Business Payments Go Digital And Lose The Paper Check.

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Gonzobanker

AUGUST 31, 2021

News of waiving overdraft fees may sound like a big win for consumers. Checking fee income is facing extreme downward pressure during 2021, influenced by competitive factors and the specter of greater future regulation. The post Quandary 2021: Responding to Competitive Shifts in Overdraft Fees appeared first on Gonzobanker.

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Strategy Analytics Retail Mobile 134

PYMNTS

SEPTEMBER 29, 2020

Marqeta , the global card issuing platform, debuted its new Tokenization-as-a-Service (TaaS) product, which allows card issuers to access its tokenization technology, the Oakland, California-based company announced on Tuesday (Sept. It is used to instantly provision cards into a mobile wallet.

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PYMNTS

DECEMBER 2, 2020

Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement. The BlockFi Bitcoin Rewards Credit Card , which will be available in the spring of 2021, will give 1.5 The card carries a $200 annual fee.

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PYMNTS

OCTOBER 30, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. I think in terms of market recognition, 2020 was the breakout year — [and] in terms of commercial adoption, 2021 will be more like it,” Harris said. Visa To Acquire YellowPepper To Expand Network Of Networks In LATAM. 3 election.

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Technology Apple Payments Capital 161

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities.

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Cards Data Compliance Payments 207

PYMNTS

OCTOBER 26, 2020

BPCL has teamed with Fino Payments Bank in order to provide digitized card refills for fleet drivers in India, according to a report from The Hindu BusinessLine. Before this, truck drivers had difficulty refilling their BCPL Smartfleet cards in and around Erode. 1,800+ crore since the start of the 2020-2021 fiscal year.

Cards 184

Cards Payments Regional Management 184

PYMNTS

JULY 17, 2020

Mobile card apps went from nifty to necessary when the darkest imaginings of last March had people picturing COVID-19 on every surface, suspended in every breath. Consumers are interested in applying mobile card management tools in different ways, however,” the report states. Meet the 2021 Cardholder.

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Cards Mobile Groups Tools 151

PYMNTS

JANUARY 21, 2021

They’ve been receptive to digital issuance options where they can (digitally) get their cards on their mobile devices to begin transacting before the physical plastic ever arrives. So that way, we can customize the program specifically for the credit union based on a target demographic or based on how their members use their cards.”.

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PYMNTS

OCTOBER 14, 2020

14) that it is seeing a full restoration of customer spending, along with declines in delinquencies on credit cards, car loans and mortgages, even as the pandemic rages on. Moynihan also said card and mortgage delinquencies declined year over year during Q3, in both dollar amounts and as a percentage of the total portfolio.

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PYMNTS

NOVEMBER 17, 2020

In other news, a previous Bank of Japan official said Japan will probably need many years to release a cryptocurrency because of different challenges, such as steps needed to stop large private bank deposit outflows from occurring, Reuters reported. The price of bitcoin was $ 17,764.38 as of 7:16 p.m. on Tuesday (Nov.

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PYMNTS

DECEMBER 30, 2020

6 is the Current mobile banking app and Visa debit card, with Starling Bank steady at No. Not much to say about the bottom half of the Top 10 digital banking apps in this update, as we find a stack of players just where we left them in the previous ranking. Still at No. 7, Berlin-based N26 solid at No. 8, and the Empower app sticking at No.

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Digital Banking Mobile Fintech Cards 198

PYMNTS

SEPTEMBER 30, 2020

It’s happened to almost all consumers: They’re idly perusing their credit card statements when they come across completely confusing, seemingly random charges from businesses they don’t recognize in locations they’ve never visited. By 2021, we’re looking already at a cost of $8.6 billion related to chargebacks and disputes for the U.S.

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