INDUSTRY INSIGHTS YOUR PEERS ARE READING
Sephora, the beauty retailer, announced on Thursday (March 14) the launch of a new credit card program. The credit cards will provide customers with more ways to earn rewards for their purchases, the retailer said in the release. MORE
Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. MORE
Growth in the commercial card industry is being driven by more than the push for supplier acceptance in accounts receivable. An example of the conjunction of commercial card innovation and shifting corporate payment trends can be found in the evolving workforce. MORE
Fleet payments company FLEETCOR is facing criticism over fees associated with its fleet cards, according to reports in Bloomberg last week, which small businesses (SMBs) say are too high. There are also fees linked to paying card bills via wire transfer, and fees if the fleet cards go unused. MORE
However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. million payment cards, Giorgio said. She noted that, ever since EMV chip cards were introduced in the U.S., MORE
American Express, the payments company, reported Monday (April 15) that credit card delinquency rates in March were flat with February, which should be welcome news as investors look for more signs the U.S. consumer cards was 1.5 Net card fees increased 11 percent as well. MORE
Commercial card company Brex is rolling out a new card product designed to meet the specific needs of eCommerce businesses, the firm said in a press release Tuesday (Feb. When Brex first launched its initial commercial card solution last year, the company targeted technology startups. MORE
Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. Customers are able to use the card in millions of places around the world. MORE
Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. The number of chip cards in the U.S. Now, 71 percent of Visa credit and debit cards have chips. MORE
However, according to Ondot Systems CEO Bharghavan Vaduvur (BV) in a recent conversation with PYMNTS’ Karen Webster, win or lose, Apple will change the conversation about how we pay by spurring existing stakeholders — especially card issuers — to examine how they come to market. MORE
Supermarket firm Kroger has expanded its ban on accepting Visa credit cards, stating on Friday (March 1) that its Smith’s Food and Drug unit will stop offering that payment option beginning April 3. Kroger Pay can be linked to any major credit or debit card. MORE
Citigroup is the world’s largest credit-card issuer, with about 28 million customers, but the gap between its credit business and retail banking has grown larger. To combat this, Citi has begun testing perks for credit cards to encourage customers to get other banking products. MORE
launched a credit card last month, hoping to upend a $175 billion industry much like it did the phone business. Lending Payments Premium Retail Sales & Marketing Security & Risk American Express Apple credit card Goldman Sachs virtual cardApple Inc. MORE
Apple is reportedly blocking its person-to-person credit card payment service unless a user gets a new Apple Card. According to a report in Cult of Mac , as of Tuesday (March 25), you can no longer send a payment to another person using your credit card via Apple Pay Cash unless its the company’s credit card. The report noted users are still able to send payments via a debit card or via bank transfer. With it, users can send money to a debit card within minutes. MORE
News also has come in the past few weeks that, as evidenced by bank earnings, credit card debt has been on the rise, as have write-offs and provisions for loan losses. She also stated that “maxing out your card essentially means you are overutilizing your credit.”. MORE
The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate. MORE
To that end, Chase , the largest card issuer in the U.S., 14) that it’s rolling out tap-to-pay functionality across its Chase Visa card portfolio. Tapping the plastic card is much more familiar than some other form factors.”. How to speed the checkout process? MORE
China payment card issuer UnionPay is stepping into the market with prepaid cards for corporates and consumers, the company announced this week. 9) that payment service provider Moorwand , a principal member of UnionPay, will launch the first UnionPay prepaid cards in the U.K. MORE
Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. We do see card delinquencies a little higher, and a slight uptick in the most recent couple of quarters,” he said. MORE
The world knows by now that Apple has debuted its credit card — the Apple Card — in conjunction with Goldman Sachs and Mastercard. The card is available in both virtual and tangible, plastic forms. The broad outline is one where the digital version of the card can be used wherever Apple Pay is accepted. There is also a physical, titanium card on offer, too, with a notable absence of information that has been a hallmark of plastic cards through the past several decades. MORE
Just ask Fingerprints Card AB, which teamed up with Visa on a dual-interface biometric payment trial in the U.S. Cards Exclusive Mobile biometrics EMV chip fingerprint point of sale VisaEXCLUSIVE – Biometrics is expected by many to make it big in the payments space this year. MORE
Mobile wallets may be all the buzz, but debit cards were still the most popular of payment method in the U.S. According to the 2017 Debit Issuer Study released earlier this week, debit card transactions were at a record high in 2016, with 23.6 MORE
17) the Square Card, a business debit Mastercard aimed at helping businesses manage cash flow. In a press release , the payments company said Square Card users get a 2.75 Users can also export Square Card transaction data into formats for accounting. MORE
And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. For the physical card, the cash back rate is 1 percent. MORE
card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 Supreme Court ruling in favor of the card networks during a case in 2017, and with Australia in the midst of pondering either swipe fee limits or an outright ban. MORE
An issuer suspects a card has been compromised, or a consumer remembers that their debit card is in their jacket pocket only after leaving it at the cleaners. Either way, a card is cancelled and replaced with a new one. In BV’s experience, heavily used cards are replaced 1.7 MORE
Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Businesses increased their spend on commercial cards by 24 percent in 2017, Citi’s analysis found. MORE
Apple today unveiled its plans to launch a virtual credit card product with Goldman Sachs and Mastercard this summer called Apple Card, which will reside within the Wallet app on Apple devices. MORE
To push that goal, Mastercard — in partnership with the world’s three largest card manufacturers, Gemalto , Giesecke & Devrient and IDEMIA — has officially launched the Greener Payments Partnership to establish environmental best practices and reduce first-use PVC plastic in card manufacturing. Going green, historically, in cards has been linked to purchases, If the customer spends X amount in dollars, the card donates a set amount to an environmental cause. MORE
million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers. Boston-based startup Nift has raised $16.5 MORE
While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. MORE
the Credit Card appeared first on Credit Union Geek. Articles "On the other side of the screen it all looks so easy." - Flynn - Tron apple apple card ApplePay challenges credit cards credit union experience data security mobile app mobile wallet privacy MORE
Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments. Customers can still insert or swipe their cards or use their digital wallets for payments. Wells Fargo will add the feature to consumer debit cards in the summer. MORE
Consumers are looking to their smartphones to manage their money with the help of mobile card services (MCS) in 2019. percent: Portion of MCS users without financial dependents who use MCS with their primary cards. MORE
The Reserve Bank of India has released guidelines for what it calls the “tokenization” of debit and credit card transactions, according to reports. Instead of the card’s details, the token will act as the card at point of sale (POS) terminals and quick response (QR) code payment systems. MORE
Today Venmo will be rolling out its latest card offering for consumers. We’ve seen tremendous adoption of the card, which allows users to pick a card color that best suits their personality and style,” Venmo noted in a press release about the rainbow cards. MORE
And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. For the physical card, the cash back rate is 1 percent. MORE
When it comes to online shopping, one of the greatest frustrations for consumers — and friction points for merchants — is having to manually enter credit or debit card information for each purchase. MORE
These mobile controls, however, also offer consumers a powerful tool for dealing with arguably higher stakes: the risk of credit card fraud. As a part of fraud protection efforts, card issuers and financial institutions (FIs) already flag unusual locations for potentially fraudulent payments. MORE
8) the launch of its new Business Gold Card, which comes with four times Membership Rewards points on the top two categories that the business spends the most on each month. American Express said card members can get up to 250,000 points back per calendar year with the benefit. MORE
Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation. MORE
Cards Related Topics 
PYMNTS
MARCH 25, 2019
And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. For the physical card, the cash back rate is 1 percent.
PYMNTS
DECEMBER 12, 2018
The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate.
PYMNTS
MARCH 25, 2019
And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. For the physical card, the cash back rate is 1 percent.
PYMNTS
FEBRUARY 6, 2019
Fleet payments company FLEETCOR is facing criticism over fees associated with its fleet cards, according to reports in Bloomberg last week, which small businesses (SMBs) say are too high. There are also fees linked to paying card bills via wire transfer, and fees if the fleet cards go unused.
PYMNTS
APRIL 11, 2019
Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. Customers are able to use the card in millions of places around the world.
PYMNTS
MAY 16, 2019
These mobile controls, however, also offer consumers a powerful tool for dealing with arguably higher stakes: the risk of credit card fraud. As a part of fraud protection efforts, card issuers and financial institutions (FIs) already flag unusual locations for potentially fraudulent payments.
PYMNTS
APRIL 1, 2019
When it comes to online shopping, one of the greatest frustrations for consumers — and friction points for merchants — is having to manually enter credit or debit card information for each purchase.
PYMNTS
APRIL 9, 2019
An issuer suspects a card has been compromised, or a consumer remembers that their debit card is in their jacket pocket only after leaving it at the cleaners. Either way, a card is cancelled and replaced with a new one. In BV’s experience, heavily used cards are replaced 1.7
PYMNTS
MARCH 14, 2019
Sephora, the beauty retailer, announced on Thursday (March 14) the launch of a new credit card program. The credit cards will provide customers with more ways to earn rewards for their purchases, the retailer said in the release.
PYMNTS
APRIL 30, 2019
The adoption of fleet cards and electronic payment technologies in the fleet industry supports the sector’s push toward digitization and innovation.
PYMNTS
NOVEMBER 15, 2018
To that end, Chase , the largest card issuer in the U.S., 14) that it’s rolling out tap-to-pay functionality across its Chase Visa card portfolio. Tapping the plastic card is much more familiar than some other form factors.”. How to speed the checkout process?
PYMNTS
APRIL 2, 2019
Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments. Customers can still insert or swipe their cards or use their digital wallets for payments. Wells Fargo will add the feature to consumer debit cards in the summer.
PYMNTS
OCTOBER 26, 2018
Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Businesses increased their spend on commercial cards by 24 percent in 2017, Citi’s analysis found.
PYMNTS
JANUARY 17, 2019
17) the Square Card, a business debit Mastercard aimed at helping businesses manage cash flow. In a press release , the payments company said Square Card users get a 2.75 Users can also export Square Card transaction data into formats for accounting.
PYMNTS
APRIL 23, 2019
However, according to Ondot Systems CEO Bharghavan Vaduvur (BV) in a recent conversation with PYMNTS’ Karen Webster, win or lose, Apple will change the conversation about how we pay by spurring existing stakeholders — especially card issuers — to examine how they come to market.
PYMNTS
OCTOBER 26, 2018
To push that goal, Mastercard — in partnership with the world’s three largest card manufacturers, Gemalto , Giesecke & Devrient and IDEMIA — has officially launched the Greener Payments Partnership to establish environmental best practices and reduce first-use PVC plastic in card manufacturing. Going green, historically, in cards has been linked to purchases, If the customer spends X amount in dollars, the card donates a set amount to an environmental cause.
Bank Innovation
MARCH 25, 2019
Apple today unveiled its plans to launch a virtual credit card product with Goldman Sachs and Mastercard this summer called Apple Card, which will reside within the Wallet app on Apple devices.
PYMNTS
MARCH 26, 2019
Apple is reportedly blocking its person-to-person credit card payment service unless a user gets a new Apple Card. According to a report in Cult of Mac , as of Tuesday (March 25), you can no longer send a payment to another person using your credit card via Apple Pay Cash unless its the company’s credit card. The report noted users are still able to send payments via a debit card or via bank transfer. With it, users can send money to a debit card within minutes.
PYMNTS
MAY 2, 2019
However, it made a top priority of designing and determining the new features that Mastercard announced for its Business and World Elite cards earlier this week, which took much searching for common ground.
PYMNTS
JANUARY 2, 2019
While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card.
PYMNTS
MARCH 26, 2019
The world knows by now that Apple has debuted its credit card — the Apple Card — in conjunction with Goldman Sachs and Mastercard. The card is available in both virtual and tangible, plastic forms. The broad outline is one where the digital version of the card can be used wherever Apple Pay is accepted. There is also a physical, titanium card on offer, too, with a notable absence of information that has been a hallmark of plastic cards through the past several decades.
PYMNTS
MARCH 1, 2019
Supermarket firm Kroger has expanded its ban on accepting Visa credit cards, stating on Friday (March 1) that its Smith’s Food and Drug unit will stop offering that payment option beginning April 3. Kroger Pay can be linked to any major credit or debit card.
PYMNTS
JANUARY 8, 2019
The Reserve Bank of India has released guidelines for what it calls the “tokenization” of debit and credit card transactions, according to reports. Instead of the card’s details, the token will act as the card at point of sale (POS) terminals and quick response (QR) code payment systems.
PYMNTS
APRIL 15, 2019
American Express, the payments company, reported Monday (April 15) that credit card delinquency rates in March were flat with February, which should be welcome news as investors look for more signs the U.S. consumer cards was 1.5 Net card fees increased 11 percent as well.
PYMNTS
NOVEMBER 26, 2018
Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market.
PYMNTS
MAY 1, 2019
Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. We do see card delinquencies a little higher, and a slight uptick in the most recent couple of quarters,” he said.
PYMNTS
DECEMBER 7, 2018
With commercial cards continuing to press their way into accounts payable, a new report from Accenture suggests it’s the virtual card driving adoption of card-based B2B payments.
PYMNTS
FEBRUARY 27, 2019
Commercial card company Brex is rolling out a new card product designed to meet the specific needs of eCommerce businesses, the firm said in a press release Tuesday (Feb. When Brex first launched its initial commercial card solution last year, the company targeted technology startups.
PYMNTS
FEBRUARY 27, 2019
card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 Supreme Court ruling in favor of the card networks during a case in 2017, and with Australia in the midst of pondering either swipe fee limits or an outright ban.
PYMNTS
NOVEMBER 8, 2018
8) the launch of its new Business Gold Card, which comes with four times Membership Rewards points on the top two categories that the business spends the most on each month. American Express said card members can get up to 250,000 points back per calendar year with the benefit.
PYMNTS
FEBRUARY 13, 2019
Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. The number of chip cards in the U.S. Now, 71 percent of Visa credit and debit cards have chips.
PYMNTS
JANUARY 24, 2019
News also has come in the past few weeks that, as evidenced by bank earnings, credit card debt has been on the rise, as have write-offs and provisions for loan losses. She also stated that “maxing out your card essentially means you are overutilizing your credit.”.
Bank Innovation
AUGUST 17, 2017
Mobile wallets may be all the buzz, but debit cards were still the most popular of payment method in the U.S. According to the 2017 Debit Issuer Study released earlier this week, debit card transactions were at a record high in 2016, with 23.6
PYMNTS
FEBRUARY 22, 2019
Today Venmo will be rolling out its latest card offering for consumers. We’ve seen tremendous adoption of the card, which allows users to pick a card color that best suits their personality and style,” Venmo noted in a press release about the rainbow cards.
PYMNTS
MAY 7, 2019
Citigroup is the world’s largest credit-card issuer, with about 28 million customers, but the gap between its credit business and retail banking has grown larger. To combat this, Citi has begun testing perks for credit cards to encourage customers to get other banking products.
PYMNTS
JANUARY 24, 2019
However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. million payment cards, Giorgio said. She noted that, ever since EMV chip cards were introduced in the U.S.,
Bank Innovation
APRIL 9, 2019
launched a credit card last month, hoping to upend a $175 billion industry much like it did the phone business. Lending Payments Premium Retail Sales & Marketing Security & Risk American Express Apple credit card Goldman Sachs virtual cardApple Inc.
Bank Innovation
APRIL 2, 2018
million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers. Boston-based startup Nift has raised $16.5
PYMNTS
JANUARY 10, 2019
China payment card issuer UnionPay is stepping into the market with prepaid cards for corporates and consumers, the company announced this week. 9) that payment service provider Moorwand , a principal member of UnionPay, will launch the first UnionPay prepaid cards in the U.K.
PYMNTS
NOVEMBER 30, 2018
Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation.
Bank Innovation
JANUARY 16, 2018
Just ask Fingerprints Card AB, which teamed up with Visa on a dual-interface biometric payment trial in the U.S. Cards Exclusive Mobile biometrics EMV chip fingerprint point of sale VisaEXCLUSIVE – Biometrics is expected by many to make it big in the payments space this year.
PYMNTS
FEBRUARY 25, 2019
Consumers are looking to their smartphones to manage their money with the help of mobile card services (MCS) in 2019. percent: Portion of MCS users without financial dependents who use MCS with their primary cards.
PYMNTS
DECEMBER 20, 2018
Growth in the commercial card industry is being driven by more than the push for supplier acceptance in accounts receivable. An example of the conjunction of commercial card innovation and shifting corporate payment trends can be found in the evolving workforce.
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