Grubhub launches corporate pay card

Payments Dive

Employers with a Grubhub Corporate Account can set parameters on when workers can use the pay card or choose to give them a daily or weekly credit to use when ordering from partner restaurants on the delivery marketplace

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Chip shortage drives up card costs

Payments Dive

Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips

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Fed delivers mixed credit card data

Payments Dive

While first-quarter consumer credit card debt rose relative to the same period last year, it dropped compared to the fourth quarter. Meanwhile, consumers' outlook on the availability of credit deteriorated

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Durbin proposes card fee reforms, not legislation

Payments Dive

Dick Durbin pushed for a handful of reforms of credit card fee practices at Wednesday's Senate Judiciary Committee hearing on "excessive swipe fees," but didn't offer plans for new legislation.

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The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

CFPB takes aim at card late fees

Payments Dive

The Consumer Financial Protection Bureau seems to think credit card late fees are out of control. Now, it plans to do something about it

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How does Gen Z feel about credit cards? It's complicated.

Payments Dive

As they turn toward credit cards, industry analysts say these consumers are likely to keep card companies on their toes Each generation has approached credit differently; Gen Z is no exception.

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Corporate Card Innovators Dive Into Virtualization

PYMNTS

As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce.

Customer satisfaction with card apps declines

Payments Dive

"When it comes to delivering that level of personalization through high-touch digital channels, most banks and credit card providers are missing the mark," J.D.

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BurgerFi and Anthony's launch co-branded Visa rewards card

Payments Dive

The card offers customers 3% cashback on all purchases at any of the restaurant brands’ 185 locations

Q1 2022? US credit card issuer snapshot

Accenture

US credit card issuer snapshot appeared first on Accenture Banking Blog. Payments Credit Card Issuer Snapshot Credit Cards Payments NavigatorKey themes Receivables growth continues to gain momentum with issuers reporting single and double-digit YoY growth.?

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Klarna taps Marqeta for card

Payments Dive

The partnership comes as buy now-pay later providers seek to expand their customer bases amid market volatility and regulatory pressure

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DoorDash extends gas card rewards program

Payments Dive

The program, which provides drivers 10% cash back on gas purchases on a prepaid Visa card, will now run through August

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Card companies called on congressional carpet

Payments Dive

Visa and Mastercard will be in the hot seat next week at a hearing of the Senate Judiciary Committee led by their long-time nemesis, Sen. Dick Durbin. A notice for the hearing teases that the discussion will zero in on "excessive swipe fees" and a lack of competition in the industry

Lawmakers seek to cancel card fee increases

Payments Dive

Four members of Congress are suddenly pushing Visa and Mastercard to cancel the credit card "swipe" fee increases they planned to impose this month. The lawmakers cited inflation and a lack of competition in the card industry

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PayPal launches small business credit card

Payments Dive

The digital payments company is targeting small business owners as they seek credit financing and loans

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Q2 2021 US card issuer earnings commentary

Accenture

Credit Card Receivables & Purchase Volume YoY Growth: 2Q21 Earning call commentary Growth “We’ve ramped up our acquisition engine. We’re pleased to see overall acquisitions of proprietary cards, which include our co-brands, increased to 2.4 million new cards acquired in the quarter.”–

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Card fees: the price hike nobody is talking about

Payments Dive

"The Visa-Mastercard duopoly controls about 80% of the market share, allowing them to raise fees indiscriminately and with no formidable opposition," contends Doug Kantor, general counsel for the National Association of Convenience Stores

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Debit's on a Roll. Are Small Merchants Getting Rocked?

Payments Source

Compliance Debit cards DoJ VisaThe Justice Department's probe of Visa highlights whether merchants are properly equipped to adapt to the cost of debit spending as more commerce goes digital. ]].

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Credit card fees likely to keep climbing, CFPB says

Payments Dive

Total credit card late fee volume is rising again after a dip during the pandemic, and current inflation levels mean the largest issuers are likely to keep increasing fees, the Consumer Financial Protection Bureau said

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Inflation hands cards a mixed bag

Payments Dive

Higher spending due to inflation is poised to drive up credit card volumes, according to an S&P Global Market Intelligence report. Card issuers have been eager to see stronger loan growth, but if delinquencies rise, that could be concerning for the industry

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Getting in contact with contact-less cards

Payments Dive

The world of payments is changing and what was once a preferred way to pay, with a debit or credit card, is being overtaken by the contactless and card-not-present methods.

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Bank of America cards go green

Payments Dive

The bank said all of its plastic credit and debit cards will be made from at least 80% recycled material starting next year. The move is expected to reduce its use of non-recycled plastics by some 235 tons

Visa sees long runway with cash-to-card transition

Payments Dive

For Visa, plenty of opportunity remains in cash-to-card digitization, offsetting any slowdown in consumer spending, CFO Vasant Prabhu said this week

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Apple Card Users Can Now Make Online Card Payments

PYMNTS

With a new website Apple has launched, Apple Card holders will be able to check balances and do business online, the company said, according to MacRumors. The site, card.apple.com , allows users to sign in and see their balance, their next payment due date and the total limit of their card.

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Q4 2021 US credit card issuer snapshot

Accenture

The post Q4 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog. Payments Credit Card Issuer Snapshot Credit Cards Payments Navigator

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Card … short for Cardbored

Chris Skinner

I’ve been finding it increasingly frustrating on my travels, thanks to one of my credit card companies. My travelling depends on two credit cards: a bank issued corporate MasterCard and American Express. The reason I carry these two is that the MasterCard works across Europe, where quite a few countries … The post Card … short for Cardbored appeared first on Chris Skinner's blog.

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Kohl's boosts reward benefits for card members

Payments Dive

The Menomonee Falls, Wisconsin-based retail chain tested the program in eight markets over the past year and found an increase in Kohl's Card acquisitions and overall sales

Coupa, American Express Team On Virtual Cards

PYMNTS

American Express is working with Coupa on a new partnership to use virtual cards for Coupa's B2B solution, a press release says. The move toward virtual cards comes with a rising demand for work-from-home solutions, more popular now during the pandemic.

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Q3 2021 US credit card issuer snapshot

Accenture

The post Q3 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog. Payments Credit Card Issuer Snapshot Credit Cards Payments NavigatorKey themes Receivables showed positive YoY growth for the first time in five quarters.

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Visa On How To Make Plastic Cards Sustainable

PYMNTS

Improving the world — and the environment — one (card present) transaction at a time. To that end, Visa said Tuesday (June 16) that it has joined with CPI Card Group to launch a card for Visa cardholders composed of up to 98 percent “upcycled” plastic.

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Tango Card: Innovations Through Uncertainty

PYMNTS

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement.

Q4 2020: US credit card issuer snapshot

Accenture

The post Q4 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog. Payments Credit Card Issuer Snapshot Credit Cards Payments Navigator

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Infineon Debuts Employee ID, Mastercard Payment Card

PYMNTS

The new tech is called the Campeon Card, according to the report. In Munich, employees will be able to enter buildings, make cashless payments and transmit their digital business cards using near-field communication (NFC).

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Q2 2021 US credit card issuer snapshot

Accenture

The post Q2 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog. Payments Credit Card Issuer Snapshot Credit Cards Payments Navigator

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