Holiday shoppers boost card use this year

Payments Dive

Families of all income levels plan to increase holiday spending this year, and they expect to rely more heavily on credit cards for their purchases

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Durbin maps path for card bill

Payments Dive

Roger Marshall, seek to attach their credit card competition legislation to a defense spending bill Dick Durbin and his Republican ally, Sen.

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Gun merchant code approved for card purchases

Payments Dive

An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard

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Card amendment misses defense funding bill

Payments Dive

Dick Durbin wasn’t able to attach the Credit Card Competition Act proposal to a defense funding bill this week, but he will try again next month

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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.

Credit card alternatives rise

Payments Dive

Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power

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Tipalti introduces new card

Payments Dive

last year, the company this year is targeting more growth with a new card, a newly promoted president and 100 more employees After entering the U.K.

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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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DailyPay releases card with Visa

Payments Dive

The earned wage access provider introduced the new debit card after major changes in leadership earlier this year

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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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.

Restaurant gift card sales dip

Payments Dive

Restaurant gift card sales for the first half of this year were down about 2% over the period last year, according to foodservice industry software provider Paytronix

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Uber adds debit card, instant deposit for drivers

Payments Dive

Uber’s new debit card will provide drivers up to 10% cashback on gas, 12% on EV charging and instant pay after completion of a ride or delivery

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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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Card delinquency rates, balances rise: TransUnion

Payments Dive

As card issuers report an uptick in delinquencies and balances, the credit reporting bureau offers new research to help lenders spot trouble

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CFPB's Chopra blasts potential card hikes

Payments Dive

In a rare TV appearance, the director of the Consumer Financial Protection Bureau said that the payments industry isn't competitive enough and that fee hikes by the big card companies would add "insult to injury" at a time of inflation.

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Credit card interest rates reach record

Payments Dive

With the Federal Reserve pushing up interest rates to calm inflation, the average credit card interest rate is climbing, too, reaching a two-decade-plus record in August

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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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Card companies urged to code gun sellers

Payments Dive

Calls from government officials urging Visa, Mastercard and American Express to support creating a merchant category code for gun sellers are growing louder

Plastiq sees inflation boosting B2B card payment use

Payments Dive

As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital

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House lawmakers add credit card competition bill

Payments Dive

Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly &rdquo

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Let the credit card battle begin

Payments Dive

Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry.

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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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DoorDash teams with Chase, Mastercard on credit card

Payments Dive

Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty

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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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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Consumers need credit card reform

Payments Dive

“It's not just merchants at the mercy of the oligopoly,” writes Ed Mierzwinski, a senior director at the Public Interest Research Group. “Consumers all pay more at the store and more at the pump &rdquo

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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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CFPB seeks more credit card transparency

Payments Dive

The Consumer Financial Protection Bureau is considering requiring top credit card issuers to share more information on their products to increase transparency for consumers

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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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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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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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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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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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