PYMNTS

DECEMBER 9, 2019

has received a license to operate in Canada in a move that will expand the company’s global reach, according to reports. The company obtained a money service business (MSB) license in Canada, and it said the procurement of the license was its first step in expanding more deeply into North America. Paysend , a FinTech out of the U.K.,

Operations 130

Operations America Cards Fintech 130

PYMNTS

SEPTEMBER 28, 2016

Corporate payments firm WEX is pushing virtual card technology within Latin America and has announced a new partner to help the cause. Argo will integrate WEX’s virtual card number (VCN) technology as an additional payment option for its corporate and travel agency clients.

America 100

America Cards Regional Payments 100

PYMNTS

OCTOBER 6, 2020

In today’s top news in digital-first banking, Bank of America has launched its Life Plan program, while United Airlines and Chase Card Services launched a United Gateway credit card. unveiled its new generation of automated teller machine (ATM) operating software. Plus, NCR Corp.

Cards 176

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Bank Innovation

DECEMBER 8, 2017

EXCLUSIVE – Bank of America has rolled out a series of features and upgrades to its mobile banking app including a timely partnership for the holiday season with Blackhawk Network Holdings’ gift card marketplace Gift Card Mall.

America 170

America Mobile Cards Management 170

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Course 202

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PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

Cards 246

Cards Tools Capital Payments 246

Bank Innovation

MARCH 6, 2020

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments.

Strategy 293

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PYMNTS

SEPTEMBER 27, 2017

Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. The Wall Street Journal reported that the joint venture, which has operated in conjunction with First Data Corp. In 2013, Bank of America Merchant Services was the top U.S.

America 125

America Operations Meeting Strategy 125

Bank Innovation

JULY 16, 2018

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today.

America 247

America Technology Innovation Report 247

Bank Innovation

APRIL 15, 2016

Bank of America Corp. “We’re up and operating Read More. needs to wait “a few months” for its clearXchange partners to catch up to it. The megabank’s CEO, Brian Moynihan, said yesterday that clearXchange was “a few more months” from “heavy” marketing of the P2P payments platform.

America 150

America Operations Marketing Payments 150

PYMNTS

SEPTEMBER 11, 2019

Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. The company has partnered with UnionPay to provide virtual and physical cards that will be accepted at point-of-sale terminals in China.

Cards 147

Cards Payments Illinois National 147

Bank Innovation

MARCH 6, 2020

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments.

Strategy 221

Strategy US America Cards 221

PYMNTS

SEPTEMBER 17, 2020

In today’s top news in payments around the world, Delivery Hero said it has acquired Glovo’s Latin America operations, and Telefónica is teaming with Rakuten for the development of an OpenRAN (radio access network). Students will have the capacity to use their own currencies for payments via Mastercard debit or credit cards.

Operations 154

Operations Payments United States Groups 154

PYMNTS

MAY 30, 2018

What will it take to make Latin America more digital — in payments, commerce, FinTech or even healthcare? Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. Revenue hit about $250.5 million in Q1.

America 109

America Regional Mobile Pennsylvania 109

PYMNTS

AUGUST 21, 2019

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. avoids cross-border and FX fees , as payments are settled in GBP, euros, U.S.

Cards 146

Cards Payments United States America 146

PYMNTS

MARCH 11, 2016

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Operating locally can give a payments service provider a distinct advantage. WHY GOING LOCAL MAKES A DIFFERENCE.

America 100

America Payments Fraud Case Study 100

CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. .

America 101

America Lending Cards San Francisco 101

PYMNTS

NOVEMBER 8, 2016

First Data saw a turnaround in its North American global business solutions (GBS) operations in the third quarter of 2016, notching the first positive results in several quarters, and that was fuel for a rally of as much as 12 percent intraday in the company’s stock price. GFS, said management, saw strength in Latin America.

America 171

America Data New York City New York 171

Perficient

FEBRUARY 2, 2023

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471

Industry Trends social media Payments 471

PYMNTS

NOVEMBER 8, 2017

Through an agreement with Citibank, corporate payments company WEX is now able to link government agencies to its fleet card solutions, according to an announcement made Tuesday (Nov. Bank, to have landed a contract to operate GSA SmartPay 3, a government payments program. Citibank is one of two banks, the other being U.S.

Cards 100

Cards America Operations Management 100

PYMNTS

SEPTEMBER 24, 2018

based Volopa has unveiled contactless multi-currency prepaid cards and India- based Obopay purchased mobile app company Mubble. London-based Volopa has unveiled contactless multi-currency prepaid cards geared toward businesses and consumers, according to reports. In addition, U.K. In the U.K.

Cards 138

Cards Analytics Mobile ATM 138

PYMNTS

JULY 26, 2017

Credit card processor Total System Services reported results Tuesday after the markets closed that topped Wall Street expectations. Also at an all-time high: operating income, which passed $100 million, amid greater cost control (and which also factors in the TransFirst deal). Sales came in at $1.2 billion, up from $1.1

Cards 100

Cards America Compliance Operations 100

PYMNTS

JULY 5, 2020

The German payment processing company’s operating performance in Europe and the Americas was far worse than previously known, according to a report from KPMG, the Netherlands-based global accounting firm, obtained by the newspaper. Wirecard’s filing insolvency two weeks ago has exposed a pair of deposits totaling $2.1

Payments 170

Payments Cards America Report 170

PYMNTS

OCTOBER 28, 2016

WEX and ExxonMobil are apparently pleased with their current partnership to offer fleet payment cards. The deal sees WEX offering a commercial card program across the U.S. ” WEX offers fleet commercial card solutions to help fleet managers and their businesses manage spend. . The companies announced Thursday (Oct.

Cards 100

Cards Regional Analytics America 100

Payments Source

DECEMBER 3, 2020

promoted Linda Kirkpatrick to president of North American operations as incoming Chief Executive Officer Michael Miebach shuffles some of his top managers before taking the reins next month. Mastercard Inc.

America 92

America Operations Management Cards 92

PYMNTS

JULY 15, 2016

The Children’s Place , the Secaucus, New Jersey-based retailer that is the “largest children’s pure-play specialty apparel retailer in North America,” revealed plans on Thursday (July 14) to team up with Alliance Data on a new loyalty-driven, private-label credit card program, the two companies announced in a joint statement.

Cards 100

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PYMNTS

AUGUST 8, 2017

7) that it charged twelve people with money laundering millions of dollars in credit card charges via fraudulent merchant accounts. According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let it process credit card charges close to $6 million.

Cards 112

Cards Fraud America Lending 112

PYMNTS

OCTOBER 1, 2020

A Mastercard survey revealed 76 percent of small businesses in North America said the pandemic prompted them to become more digital. Six key elements are examined: business strategy, management and operations, growth and marketing, getting paid, making payments and protecting employees and customers.

Tools 262

Tools Cards Guidelines Online 262

PYMNTS

NOVEMBER 11, 2020

So it was not completely surprising when news came this week that MercadoLibre has obtained a license to operate as a financial institution (FI) in Brazil, which will help the company expand its portfolio of credit offerings. In addition, the company also has gotten a 400 million reais ($74.2 And mPOS has also been gaining traction.

America 178

America Operations Regional Survey 178

PYMNTS

APRIL 12, 2018

Fiserv, a global provider of financial services technology solutions, announced Wednesday (April 11) it has named Kim Crawford Goodman president of card services. Operating margins for those segments grew by a respective 330 basis points and 140 basis points to (respectively) 36.4 percent and 35.1

US 124

US Cards Leadership ATM 124

CB Insights

OCTOBER 25, 2021

Argentina-based Pomelo enables its clients to create virtual accounts and distribute credit and debit cards. The company currently operates in Argentina, Brazil, and Mexico, and it plans to move into Colombia and Chile. HOW’S THE COMPANY PERFORMING? The 7-month-old startup currently has 100 employees. Want the full post?

America 59

America Fintech Capital Cards 59

PYMNTS

JUNE 2, 2020

To that end, and as announced Friday (May 29), Mastercard launched its new Recovery Insights tool that is aimed at helping governments pinpoint where aid needs to flow, and businesses fine-tune operations to serve consumers more efficiently.

Data 131

Data America New York New York City 131

PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. “In trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

PYMNTS

FEBRUARY 28, 2020

The banking industry has seen a trend toward more digitization, with many banks investing in digital experiences for customers and making sure that online operating efficiency is at an acceptable point. Banks like Bank of America, JPMorgan, Zions Bancorp and Huntington Bancshares have all been spending on technology upgrades.

Capital 209

Capital ATM Customer Experience Cards 209

PYMNTS

JULY 28, 2020

The new tool, called Payment Solutions for SYSPRO, aims to offer real-time credit card processing for sales order entry and invoicing within SYSPRO. SYSPRO customers will now have access to seamless deposit collections for open invoices made with credit cards, which will help improve cash flow and reduce debt, the release stated.

Company 140

Company Resources Cards America 140

PYMNTS

APRIL 13, 2020

Miles, of course, are a form of loyalty, a way to keep individuals and businesses tethered to a particular airline and to keep certain cards “top of wallet.”. But we are certainly not in a normal operating environment. But we are certainly not in a normal operating environment.

Cards 294

Cards America Course Operations 294

PYMNTS

SEPTEMBER 18, 2020

With a focus on optimizing cash flow for merchant customers, EVO Payments has announced a new feature that enables businesses to access funds from card transactions in real time. The company is using Visa 's Visa Direct solution, which wields Visa's card rails to push funds to debit cards. VSoft Debuts Real-Time Platform.

Innovation 291

Innovation Payments cryptocurrency Cards 291