PYMNTS

SEPTEMBER 22, 2020

In today’s top news in digital-first banking, digital payment processor Paya has come to an arrangement to purchase The Payment Group (TPG), and Purdue Federal Credit Union has tapped digital payment experience provider Payrailz for payment services. Paya To Purchase Utility Payments Processor, The Payment Group.

Groups 156

Groups Payments Texas Community 156

PYMNTS

DECEMBER 16, 2019

Mastercard is partnering with CleverCards and Appreciate Group to offer gift cards directly to mobile wallets, Mastercard announced in a press release on Monday (Dec. The Select Digital Gift Card can be sent immediately by email, text or messaging app, and is available now as a last-minute Christmas present. billion in 2019.

Cards 131

Cards Mobile Groups Compliance 131

Bank Innovation

FEBRUARY 21, 2019

to offer a jointly developed credit card with Goldman Sachs Group Inc. and not with Synchrony Financial, MoffettNathanson analyst Lisa Ellis said, since Synchrony dominates the market for co-brand offerings. It would be “odd” for Apple Inc. Goldman must be offering Apple a very good deal,” Ellis said by email.

Apple 150

Apple Cards Branding Groups 150

PYMNTS

APRIL 1, 2020

will allow its Apple Card users to defer April payments without interest or penalties to ease financial pressures of the COVID-19 pandemic. Bloomberg reported that the credit card, backed by the Goldman Sachs Group Inc., The Apple Card was launched last summer. Apple Card?

Apple 142

Apple Cards Payments Branding 142

PYMNTS

FEBRUARY 25, 2020

Mobile Cards: Make or Break? One way that banks or ambitious social media platforms will win this combat for customers is through the use of mobile credit and debit cards, with a highly configurable nature and full range of card and spend management controls to please the most vacillating of customers.

Mobile 153

Mobile Cards social media Survey 153

Accenture

AUGUST 20, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Despite ongoing rewards competition, card profitability remains strong. Retail Card, Payment Solutions, and CareCredit).

US 150

US Cards Capital Apple 150

Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Credit card profitability remains attractive for banks with our ROA proxies increasing 43 bps YoY?. New partnerships.

Cards 158

Cards US Taxes Apple 158

PYMNTS

NOVEMBER 28, 2018

First Data’s 2018 Prepaid Consumer Insights Study found that the average consumer is spending $59 more than the original value of their gift card, marking an increase from $21 a year ago. In a press release , First Data said the report shows a significant lift is being generated from gift card spending.

Cards 144

Cards Study Survey Branding 144

PYMNTS

AUGUST 4, 2019

Ahead of the launch of the Apple Card, backer Goldman Sachs said in the customer agreement it will not allow the purchase of cryptocurrencies, Reuters reported Friday (Aug. New iPhone sales have declined 12 percent and the new Apple credit card is part of a broader effort by the company to boost revenue from other services, the article said.

cryptocurrency 121

cryptocurrency Apple Cards Branding 121

PYMNTS

SEPTEMBER 9, 2019

JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. The app will be able to handle credit card payments as well as the government e-payment system, PromptPay.

Groups 125

Groups Google Lending Online 125

PYMNTS

AUGUST 9, 2018

The only thing that wasn’t price-related in the top five priority issues for drivers was the group of consumers who stated a preference for apps that could provide them with directions to the nearest gas station — with the best prices. People have been pulling up to a pump and using a card for a long time,” McCrary told Webster. “It

Branding 100

Branding Mobile Data Study 100

PYMNTS

MAY 29, 2019

A group of investors has acquired Sureswipe , a South African payments company, for an undisclosed amount. Although the three strong brands have been consolidated under one entity, they will continue to operate independently within their distinctive markets,” said Sureswipe MD Paul Kent, according to IT Web. “We

Cards 162

Cards Fintech Retail Operations 162

PYMNTS

FEBRUARY 23, 2018

First National Bank of Omaha announced that it is not renewing a contract with the National Rifle Association (NRA) to offer customers an NRA-branded Visa card. “The NRA supports efforts to prevent those who are in danger to themselves or others from getting access to firearms,” the group said in a statement.

Omaha 118

Omaha National South Dakota Cards 118

PYMNTS

JANUARY 15, 2018

Visa announced late last week that merchants can now tap into its suite of sensory branding via a pilot program. point-of-sale terminal manufacturers – such as Equinox Payments, Ingenico Group, Poynt and Verifone – to pilot sensory branding with merchant partners in the coming year.

Cards 138

Cards Branding America Study 138

PYMNTS

JUNE 20, 2019

UBS Bank USA is rolling out a new suite of commercial card products for its small business (SMB) customers, according to Bankrate reports this week. ” According to Jubitz, UBS first looked at clients of the bank with personal UBS credit cards, and found that many of those customers were using that personal card for business expenses.

Cards 100

Cards cryptocurrency Branding Groups 100

PYMNTS

DECEMBER 14, 2020

In today’s top payments news around the world, Chase Bank and Mastercard have joined forces with Air Canada to debut the airline’s Aeroplan credit card in the U.S., Chase, Air Canada and Mastercard Announce Partnership to Launch a Credit Card in the US. First Abu Dhabi Bank Collaborates With Visa on B2B Virtual Cards.

Regulation 141

Regulation Cards Payments United States 141

PYMNTS

JUNE 28, 2019

credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It To acquire the Bank of Ireland’s U.K.

Cards 100

Cards Charlotte Fintech Innovation 100

PYMNTS

APRIL 20, 2017

InterContinental Hotel Group, the U.K.-based based hospitality group which owns and operates brands like Crown Royale and Holiday Inn, recently reported finding malware in 1,200 of its U.S. The malware looks to have been designed to steal guests’ payment card information. franchise hotel locations.

Cards 113

Cards Data US Groups 113

PYMNTS

JUNE 14, 2018

And though this market presents brands with a large audience of potential customers, will digitally native millennials tune in to a shopping network? Since this age group has a short attention span, Gravy seeks to keep the daily show in a concise format. Attracting Millennials. Approximately 75 percent of Gravy’s users are millennials.

Millennials 118

Millennials Branding Mobile Apple 118

PYMNTS

FEBRUARY 21, 2018

As Priceline Group focuses in on its hotel and home rental business, the online travel company announced it had changed its name on Wednesday (Feb. Booking Holdings CEO Glenn Fogel said the new name will highlight Priceline’s biggest brand — booking.com — which boasts more than 1.5 million listed properties around the world.

Groups 100

Groups Arkansas US Online 100

PYMNTS

DECEMBER 3, 2019

Though commercial card innovation has recently hit an acceleration point, there is still plenty of room for progress. Power took one key friction point of the small business (SMB) credit card market to task. “Basics like credit card terms, and benefits and services, are the lowest-scoring factors in our study.

Cards 101

Cards Innovation Tools Study 101

South State Correspondent

MAY 1, 2024

Honkook Kim and his Gentle Monster Brand is a perfect example. The Banking Innovation Playbook – Step 1: Find a Niche Kim looked at the market and knew he needed traction in at least a single segment where he could create a brand and a following for Gentle Monster. Find the gap in one segment and build success from there.

Innovation 195

Innovation social media Branding Marketing 195

PYMNTS

MARCH 8, 2016

It is apparently getting harder to get a gift card out there, as retailers are making it harder to buy them. Some have started requiring cash-only purchases of the cards, others have cut them down to smaller denominations, others have put limits on buying multiple cards and some have just dispensed with selling them altogether.

Cards 100

Cards Fraud Retail National 100

PYMNTS

APRIL 4, 2018

For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all. Who Petal Serves.

Cards 133

Cards Regulation Groups Branding 133

TheGuardian

FEBRUARY 9, 2024

About 2,800 of supermarket group’s staff will transfer to bank, which will sell Tesco-branded services Tesco has struck a deal to sell the bulk of its banking business to Barclays for £700m in a deal that will include the transfer of about 2,800 staff to the bank. Continue reading.

ATM 73

ATM Cards Operations Branding 73

Perficient

APRIL 4, 2022

Recently, Digital Insurance issued the findings from Keynova Group on the 2022 Mobile Insurance Scorecard. While mobile has long been a part of the carrier offering – pay a bill, get an ID card, file a claim – this survey reflects the evolution of insurers from transactional into personalized servicing.

Mobile 294

Mobile Survey User Experience Analytics 294

PYMNTS

SEPTEMBER 8, 2016

New data suggests that they are buying more gift cards than ever before but then turning around and spending those cards on themselves. Mercator Advisory Group surveyed 3,009 U.S. adults in June of this year to examine the shift in gift card consumers to prepaid and rechargeable cards issued directly from retailers.

Millennials 100

Millennials Cards Retail Survey 100

PYMNTS

APRIL 3, 2018

Krebs on Security reported Monday night (April 2) that the fast-casual bakery/café chain had been leaking names, emails, addresses, birthdays and partial credit card numbers (the last four digits) from its website for at least eight months. The group said last week that it was planning to release more than 5 million stolen cards.

Branding 120

Branding Data Retail Security 120

PYMNTS

JULY 12, 2016

American Airlines said Tuesday (July 12) that it is retooling and expanding its existing relationships with partners in the AAdvantage credit card program, centered on offering air miles and also other rewards. The airline said that it has fashioned new agreements with both Citi and Barclay Card US.

Cards 100

Cards US Branding Groups 100

CFPB Monitor

AUGUST 23, 2018

I am pleased to announce that Chris Ford, an attorney who has led some of the country’s largest and most innovative Fintech and payment systems transactions, has joined Ballard Spahr as a partner in the firm’s Consumer Financial Services Group. He will be based in the firm’s Washington, D.C.

Groups 68

Groups System Fintech United States 68

The Paypers

JANUARY 19, 2021

Multinational corporation General Motors , US-based banking group Goldman Sachs , and Mastercard have announced joining forces to create co-branded, rewards-based credit cards in 2021.

Cards 53

Cards Branding Groups US 53

PYMNTS

OCTOBER 17, 2017

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. We have formed partnerships with brands like Bora Payment Systems, MineralTree, CSI globalVCard, to name a few.”.

Cards 119

Cards Payments Data Company 119

PYMNTS

SEPTEMBER 9, 2020

Sheila Warren, head of blockchain at the World Economic Forum, the Swiss-based trade group, said collaborations between the public and private sectors in the exploration of CBDC can help central banks understand the range of technology possibilities. The Mastercard-branded payment cards promise to allow consumers to pay with cryptocurrency.

cryptocurrency 330

cryptocurrency Regional Survey blockchain 330

Payments Source

MAY 10, 2018

Goldman Sachs Group Inc. s new co-brand credit card, according to a person familiar with the matter, as the investment bank deepens its push into consumer finance. will issue Apple Inc.’s

Apple 64

Apple Cards Branding Groups 64

PYMNTS

MAY 19, 2020

Citi ’s Institutional Clients Group ( ICG ) is developing a unified approach to its electronic platforms with a particular emphasis on corporate clients. The email states that the new outreach will look at digital brands, marketing, analytics and metrics, and making sure that the company is sufficiently invested in the new digital world.

Analytics 201

Analytics Groups ATM Strategy 201

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. Could this be a case of good intentions gone awry? Time will tell.

Regulation 100

Regulation Cards Digital Banking social media 100

CFPB Monitor

FEBRUARY 14, 2019

I am pleased to announce that Judy Mok, an attorney with extensive experience negotiating complex payments transactions for some of the world’s largest retailers and financial institutions, has joined Ballard Spahr as Of Counsel in the firm’s Consumer Financial Services Group. She will be based in the firm’s New York office.

Groups 68

Groups Payments New York System 68