Remove Banking-Strategies Issuer
article thumbnail

Credit Providers Can Benefit From Newer Practices, Even in the Face of Uncertainty

Perficient

” That’s what Michael Jamesson, a principal at the bank consulting firm Jamesson Associates, told American Banker when asked about the long-term impact Covid-19 economic relief might have on the financial services industry. Not only will organizations boost their payment rates, but they will also increase customer loyalty.

Strategy 294
article thumbnail

To Flip or Not to Flip: Why Are Payment Card Issuers Still Asking This Question?

Gonzobanker

disrupted banks’ income on debit cards. While banks won’t immediately feel the effects that Durbin 1.0 Traditionally, bank and credit union card issuers have benefitted financially from the fierce competition between the Visa and Mastercard brands. TIP: A three-year PIN deal enables a bank to monitor and pivot if needed.

Cards 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chase, Air Canada, Mastercard Team Up For US Aeroplan Credit Card

PYMNTS

Chase Bank and Mastercard have partnered with Air Canada to introduce the airline’s Aeroplan credit card in the U.S. Air Canada, Canada’s largest airline and a Star Alliance founding member, said Chase will be the exclusive issuer of the card and Mastercard will be the exclusive payments network. . issuers at Mastercard. .

article thumbnail

How Card Issuers Can Stay Competitive In The Post-Pandemic World

PYMNTS

As consumers have been hit hard by the economic effects of the COVID-19 pandemic, card issuers have seen a sharp impact to their business. A lot of issuers are seeing balances run off, as spend has dropped precipitously.”. A lot of issuers implemented skipped and deferred payment options,” Chernivec said.

Cards 136
article thumbnail

US Airlines Use Loyalty Programs As Debt Collateral

PYMNTS

Pledging assets not in use right now, like the frequent flyer programs, could be one strategy, FT reported. Selling the miles, a strategy in the arsenal since April or so, is a way to help the airlines stay above water. Because of that, the card issuers have more freedom and incentive to pay up for miles.

US 254
article thumbnail

Deep Dive: Why FIs, Businesses Must Readjust Their Debit Fraud Protection Strategies In 2021

PYMNTS

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. New Year, New Fraud Protection Strategies .

Fraud 148
article thumbnail

Visa’s Bill Sheley: Eliminating FX Uncertainty Boosts Cross Border Commerce

PYMNTS

.” As Visa introduces new services and features to the market, the company’s focus on an open network strategy also makes it easier for businesses to implement these tools in a variety of ways. Nixing confusion around FX is an increasingly important component of that effort.

Policies 302