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.

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Grab Launches GrabPay Card

PYMNTS

Grab is introducing Asia’s first numberless card in batches, with Singapore launching on Thursday (Dec. With the cashless card, GrabPay is striving to bring financial inclusion to the millions of underbanked and unbanked in Southeast Asia. . “As

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Apple Debuts Apple Card, A Virtual (And Physical) Credit Card

PYMNTS

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.

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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.”

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Top Issuers Embrace FinTech Collaboration For Biz Card Innovation

PYMNTS

Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. Such was the strategy of JPMorgan in its latest corporate card initiative. Check out the latest in corporate card innovation below.

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Apple Card Officially Released In US

PYMNTS

The Apple Card, a credit card created in partnership by the technology company, was officially released in the U.S. Apple said the process only takes minutes and that customers can start using the card immediately.

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Card Payment Use Rises Globally

PYMNTS

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.

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India Unwraps Its Commercial Card Opportunity

PYMNTS

Despite its demonetization policy, a thriving eCommerce climate, and continued growth in electronic and mobile payments, card penetration remains especially low in India, hovering at about 2 percent to 3 percent. “All of these expenses require a credit card,” he said.

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Mastercard Introduces True Name Card

PYMNTS

To address a major pain point for the LGBTQIA+ community, Mastercard is introducing the True Name card. The product will allow for chosen names to appear on the front of the card, according to news from Mastercard.

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The Competitive Advantage Of Commercial Card Acceptance

PYMNTS

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. Yet, the issue of vendor card acceptance remains the often-cited hurdle hampering the commercial card from gaining deeper traction.

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India Corporate Card Startup Karbon Lands Funding

PYMNTS

In seed funding from well-known angel investors, corporate card FinTech Karbon Card has notched $2 million. Amit Jangir and Pei-fu Hsieh started Karbon Card last year. The firm offers an alternative to corporate cards.

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Fleet Cards Caught In Crosshairs Of Corporate Card Fee Debate

PYMNTS

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.

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Commercial Cards Round Out B2B Financial Services

PYMNTS

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. CSI, Conferma Collaborate on Virtual Cards.

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Corporate Cards Extend Influence Beyond The Payment

PYMNTS

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. Cards Tackle Employee Expense Friction.

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BofA Debuts Digital Debit Card

PYMNTS

Bank of America (BofA) announced on Tuesday (June 25) that it’s launching a digital debit card, according to a release by the company. This digital debit card has the same protections and benefits of a physical debit card and is immediately available to use in the mobile app.

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How Apple Card Brings ‘Existential Crisis’ To Smaller FIs

PYMNTS

With the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. In fact, their slogan for the card is “Created by Apple, Not a Bank?.” And the card is no longer just a payment instrument; it’s more than the card itself.”.

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Apple Expands Apple Card Testing

PYMNTS

Apple has expanded the test phase of its credit card with Goldman Sachs to its retail employees, according to a report by Bloomberg. The card can be used directly from the iPhone, though there’s also a physical card available, too.

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The Great Credit Card Program Outsourcing Debate

PYMNTS

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer.

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Jack Henry Debuts Card-To-Card Bill Pay

PYMNTS

Jack Henry & Associates has announced the launch of iPay CardPay, which enables its banks and credit unions “to provide near-real-time, card-funded bill payments using credit and debit cards as an alternative funding option,” according to a press release.

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Mastercard Lauds Apple Card Security

PYMNTS

Apple Card, a new kind of credit card created by Apple, is being applauded by Mastercard for its enhanced security, simplicity, transparency and privacy, CNBC reported on Tuesday (Aug. The new iPhone-integrated credit card has teamed with both Goldman Sachs and Mastercard.

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Bending Card Rails For B2B Payments Optimization

PYMNTS

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner.

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Corporate Cards Tackle Industry-Specific Pain Points

PYMNTS

Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Increasingly, the corporate card industry is also looking at ways to take advantage of the unique challenges in particular industries.

Apple Card And The FinTech, TechFin Conundrum

PYMNTS

So far, the young life of the Apple Card has turned out pretty — perhaps even spectacularly — good, depending on the source. The recent news about Apple Card includes a big thumbs-up from Goldman Sachs CEO David Solomon. Is a card an enabler for commerce or for Apple?

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M&A, Open Banking Drive Commercial Card Innovation

PYMNTS

As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. Australian corporate card provider Archa announced a collaboration of payment and open banking technology firm i2c to debut a new corporate credit card program in the country designed to address key pain points for small and medium-sized businesses (SMBs). Payhawk Explores Open Banking’s Biz Card Opportunity.

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Apple Debuts Apple Card, A Virtual (And Physical) Credit Card

PYMNTS

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.

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Coronavirus creates turbulence for cobranded travel cards

Payments Source

Cobranded travel credit cards — including some of the most popular and profitable in the payment card industry — are looking at darker skies because of COVID-19. Coronavirus Credit cards Loyalty and rewards

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Mesh Eyes Virtual Cards For Global B2B Payments

PYMNTS

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department.

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CPI Card Group Launches Second Wave Cards For New Markets

PYMNTS

CPI Card Group announced that it has launched Second Wave cards for markets including transit, hospitality, entertainment and more. Cards are a staple in a multitude of sectors, from transportation and travel to hospitality and entertainment.

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Card Incentives Jump On Businesses’ Shift Away From Cash

PYMNTS

Analysis of contactless card transactions revealed that the volume of commercial card contactless payments, both debit and credit, jumped 24 percent between 2018 and 2019. At the same time, commercial credit cards’ cash advances dropped 14 percent last year.

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Commercial Cards: It’s All About The Data

PYMNTS

Leavitt, founder and CEO of Boost Payment Solutions , this is among the largest priorities for today’s accounts receivable departments, and commercial cards are stepping up to meet that demand. Commercial card transaction data can quickly become lost in a deluge of unstandardized information.

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Nilson Report: U.S. Payment Card Market Tops $6T 

PYMNTS

Commercial and consumer cards issued in the U.S. Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 Commercial card spending was $1.39 Consumer card spending was $4.74 Visa ’s commercial card was 43.2

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Visa Chip Cards Reduced Counterfeit Fraud By 87 Pct

PYMNTS

Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. . Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said.

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The Benefits Of Virtual Cards For B2B Payments

PYMNTS

Virtual credit cards are one of the more flexible electronic payment methods available, and the world continues its steady march toward greater digital payment use. They also offer more safeguards against fraud than traditional business credit cards.

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Citigroup Makes Credit Card Push

PYMNTS

Even as the economy in the United States softens, Citigroup has been making a push for credit cards. Customers can transfer their debt from a competitor’s card onto Citi’s plastic for a small charge and not pay any interest for 21 months.

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Payhawk Raises $3.35M For Virtual Corporate Cards

PYMNTS

Payhawk , which makes next-generation paperless company cards, closed a 3-million-euro ($3.35 Payhawk aims to eliminate the divide between corporate cards and expense management, working on top of existing banks.

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