Getting in contact with contact-less cards

Mobile Payments Today

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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Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments

PYMNTS

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes.

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Blackhawk Network Buys National Gift Card

PYMNTS

Global branded payments provider Blackhawk Network has acquired National Gift Card , one of the biggest North American prepaid tech and card companies, according to a press release emailed to PYMNTS.

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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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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Driving Corporate Card Innovation With Collaborations, Card Issuing Platforms

PYMNTS

The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. FinTech firm Nium has teamed with Southeast Asia neo-bank Aspire to enable a mobile payments feature with its cards.

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Mastercard Introduces Sustainable Credit Card

PYMNTS

has introduced a sustainable credit card to consumers in more than a dozen countries made from recyclable, bio-sourced, chlorine-free, degradable and ocean plastics. The New York-based, multinational financial services (FI) company said six billion cards are produced annually from PVC.

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Q2 2020: US credit card issuer snapshot

Accenture

The post Q2 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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Corporate Card Innovators Bank On Continued Business Spend

PYMNTS

Corporate travel may still be at record lows, but that doesn't mean corporates aren't making good use of their commercial card products. From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card. Emburse Debuts T&E Cards.

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Making Digital Card Features Stick – And Sticky

PYMNTS

That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversation.

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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group.

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Danske Bank Debuts Payment Automation For Corporate Cards

PYMNTS

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says.

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Dynamics Unveils the Wallet Card, First ‘Connected Card’ at CES

Bank Innovation

EXCLUSIVE—Card company Dynamics Inc. revealed its Wallet Card, described by the company as the “world’s first” connected payment card, at the CES conference currently taking place in Las Vegas, the company announced today. The card, which was developed in tandem with global banks and payment providers such as Visa and Mastercard, relies on Internet of […].

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Visa pilots card-not-present security app with Michigan State University FCU

Payments Source

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

BBVA Streamlines Expense Management For Card Purchases

PYMNTS

Spanish financial firm BBVA has created a Global Commercial Cards product that lets firms have more control over the utilization of business cards by staffers. B2B Payments B2B BBVA corporate cards News What's Hot In B2B

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OP Financial prepares Nordic biometric card pilot in 2021

Payments Source

Finland’s OP Financial has announced that it will be launching a biometric payment card pilot in the Nordic countries in the second half of 2021. Payment cards Biometrics

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Uber Teams With Marqeta To Issue Global Cards

PYMNTS

Card-issuing firm Marqeta is forming a strategic partnership with rideshare giant Uber , to provide global cards and a payments infrastructure. “A With our platform, Uber will be able to issue physical, virtual or tokenized cards while significantly reducing time to market.” .

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The Corporate Card Goes Contactless

PYMNTS

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. BofA Expands Contactless Biz Card Service. Apple Pay Lands More Commercial Cards.

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How Virtual Cards Promote Healthcare Cash Flow Wellness

PYMNTS

Speaking with PYMNTS, Innes described how the virtual card is sometimes an optimal payment method to optimize payment flows and support the cash flow of both ends of the B2B transaction. The Virtual Card Value Prop. B2B Payments ACH Processing Company B2B Healthcare News virtual cards

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Mastercard: Inside The Samsung Pay ‘Super Card’

PYMNTS

The New Samsung Pay Card . One of the most recent developments was this week’s announcement of the Samsung Pay Card powered by Curved and Mastercard technology. In a typical digital-wallet offering, one registers their card credentials into the wallet directly.

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. The Earthwise High Content Card seeks to help eliminate plastic waste. There are many approaches to sustainable cards — and some approaches use scraps left over from the card manufacturing process.”.

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Virtual Commercial Cards May Guide A New Future For Business Travel

PYMNTS

But companies large and small are still making purchases, and with the pandemic fueling the need for contactless payments, commercial card technology adoption is on the rise. One of those partners is Brex , which targets startups with its commercial card product.

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Mastercard, Network International To Introduce Commercial Cards In Middle East, Africa

PYMNTS

In the fourth quarter, the two companies aim to work with "business and corporate cards, travel cards, fleet cards and procurement cards, among other corporate payment solutions" to aid businesses of varying sizes and sectors to move cashless payments.

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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

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.

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Corporate Card Innovators Showcase Value-Added Versatility

PYMNTS

From flexible repayment plans for cash flow management to sustainability programs that offset carbon emissions from fleet vehicles, the commercial card is versatile in this week's innovation roundup. Sally Beauty Offers Cards, Rewards To Entrepreneurs.

Looking Beyond The Card To Drive Commercial Adoption

PYMNTS

The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Lawmakers Eye Expanded Fleet Card Use. Fleet service cards act just like credit cards at a gas station," Rep.

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PayPal Launches Cashback Credit Card

Bank Innovation

PayPal launches its first cash-back credit card called PayPal Cashback MasterCard in the U.S. The card will be issued by Stamford-based Synchrony Bank, which has partnered with PayPal since 2004. The card offers 2% cash back on all purchases, with […]. Cards Commerce Exclusive Mobile Payments Apple Pay Citibank JP Morgan Chase MasterCard Mobile Payments PayPal Synchrony Bank

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Consumers Use Stimulus Money To Pay Down Credit Card Debt

PYMNTS

With one in five workers collecting jobless benefits thanks to the pandemic, banks braced for increased credit card debt and delinquencies as families struggled to pay bills. total outstanding credit card debt fell by $100 billion, or 11.4

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The Commercial Card Seeks Value For Both Buyer, Supplier

PYMNTS

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. OnPay Talks V-Card Adoption. Boost Enables STP For Corporate Cards.

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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. In addition, now users can have an Apple Card without the need for an iPhone or iPad. The tech giant has been promoting the card in the past several weeks and months.

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B2B Finserv Finds Value In The Virtual Card's Versatility

PYMNTS

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards.

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Mastercard opens Apple Card digital-first card-issuing model to processors

Payments Source

Mastercard is making the much-admired Apple Card-like experience—nearly instant access to a payment card issued on the spot through a mobile device—available through mainstream and digital card processors. Mobile payments Mastercard Payment processing Credit cards Apple

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CapOne Credit Card Business Shrinks, Delinquencies Fall

PYMNTS

Capital One reported on Tuesday (July 21) that its credit card business shrank during the second quarter, but that delinquencies fell despite the pandemic. In our credit card business, loan balances, purchase volume and revenue declined year over year.

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bitFlyer Launches Bitcoin Visa Prepaid Card

Bank Innovation

Japan’s largest bitcoin exchange, bitFlyer, announced on Friday that it has launched a yen-dominated bitcoin Visa prepaid card, bringing Japanese consumers one step closer to being able to use bitcoin for their daily purchases. Users will be able to load their card with bitcoin via their bitFlyer accounts, and then use the card to purchase […]. Orico Corporation payments prepaid card Vandle Card Visa Yen

The end of cards and cash … just fifteen years late

Chris Skinner

I just received a report from Deloitte about credit and debit cards. It says the future is not so bright: “more payment choices, along with changing consumer preferences, are threatening the long-term viability of the credit card business model.” It made me think … The post The end of cards and cash … just fifteen years late appeared first on Chris Skinner's blog.

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