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
Amazon is linking with Synchrony Financial to offer a new credit card for Amazon Prime members who have bad credit. Upon establishing credit, those users can obtain other Amazon cards, which may be unsecured cards. 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
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
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. MORE
American Express said its May card delinquency rate was unchanged from April, according to reports. percent, and the small business card delinquency rate went up to 1.3 Small business card net write-offs also increased, from 1.8 MORE
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. 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
Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Stay tuned for next quarter’s report on US consumer credit card trends. MORE
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. MORE
In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. 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
Mastercard is launching a new service designed to make it easier for B2B vendors to accept virtual cards. This offers an alternative to the traditional methods that virtual card payment information is submitted to a vendor, which often occurs via fax or email. 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
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
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
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. MORE
They can also let consumers know something arguably more important: when a purchase posts to their credit cards or cards they share with partners or dependents. This is just one the many useful functions of Mobile Card Services (MCS) — the Swiss Army knife of card management. MORE
Southwest Airlines is introducing a credit card for small business owners aimed at enhanced travel rewards. B2B Payments B2B Commercial Card News small business credit card Southwest Airlines What's Hot In B2B 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
Commercial card solutions provider WEX has announced the completed takeover of Go Fuel Card, first revealed earlier this year. Go Fuel Card operates its proprietary card network, with cards accepted at several thousand retail locations in the region. MORE
China UnionPay , the credit card issuer, is expanding in Europe, rolling out debit and credit cards. The Financial Times , citing China UnionPay, the world’s largest card issuer, reported it inked a partnership with Tribe Payments , a U.K. 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
is now live with enhanced functionality that expands visibility into employee spend and enables managers to connect their employees with virtual cards on demand. B2B Payments B2B credit cards digital payments employee spending News procurement Tradeshift virtual cards What's Hot In B2B MORE
In the United States, money transfer firm TransferWise has launched a Mastercard debit card along with an accompanying TransferWise Borderless multicurrency account. The 40-currency debit card completes the package, so we’re excited to be releasing the card in the U.S.”. 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
Amazon has added a secured credit card to its suite of financial services offerings today, the latest effort to entice underbanked and low-income customers to shop with the e-tailing giant. 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
Consumers might not know about mobile card services (MCS), but they tend to be intrigued when told about the capabilities of these features. percent: Share of potential MCS users who are “very” or “extremely” interested in receiving alerts when children use shared cards. 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
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. 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
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
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
Credit card distribution startup Extend sees a $400 billion market opportunity in eliminating out-of-pocket spending for business expenses through the instant issuance of virtual company credit cards. 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
Prepaid forex cards are a popular payment instrument among frequent international travelers. Learn how you can differentiate your prepaid forex card programs MORE
Cards Related Topics Chris Skinner
JUNE 5, 2019
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.
PYMNTS
JUNE 20, 2019
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.
PYMNTS
JUNE 17, 2019
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.
PYMNTS
JUNE 25, 2019
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.
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
JUNE 20, 2019
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.
PYMNTS
JULY 10, 2019
Mastercard is launching a new service designed to make it easier for B2B vendors to accept virtual cards. This offers an alternative to the traditional methods that virtual card payment information is submitted to a vendor, which often occurs via fax or email.
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.
Credit Union Geek
MARCH 25, 2019
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
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
JUNE 21, 2019
Southwest Airlines is introducing a credit card for small business owners aimed at enhanced travel rewards. B2B Payments B2B Commercial Card News small business credit card Southwest Airlines What's Hot In B2B
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.
Bank Innovation
JUNE 10, 2019
Amazon has added a secured credit card to its suite of financial services offerings today, the latest effort to entice underbanked and low-income customers to shop with the e-tailing giant.
PYMNTS
JUNE 10, 2019
Amazon is linking with Synchrony Financial to offer a new credit card for Amazon Prime members who have bad credit. Upon establishing credit, those users can obtain other Amazon cards, which may be unsecured cards.
PYMNTS
JULY 2, 2019
is now live with enhanced functionality that expands visibility into employee spend and enables managers to connect their employees with virtual cards on demand. B2B Payments B2B credit cards digital payments employee spending News procurement Tradeshift virtual cards What's Hot In B2B
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.
Accenture
MAY 30, 2019
Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Stay tuned for next quarter’s report on US consumer credit card trends.
PYMNTS
JULY 2, 2019
Commercial card solutions provider WEX has announced the completed takeover of Go Fuel Card, first revealed earlier this year. Go Fuel Card operates its proprietary card network, with cards accepted at several thousand retail locations in the region.
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
JUNE 3, 2019
China UnionPay , the credit card issuer, is expanding in Europe, rolling out debit and credit cards. The Financial Times , citing China UnionPay, the world’s largest card issuer, reported it inked a partnership with Tribe Payments , a U.K.
Bank Innovation
JUNE 27, 2019
Credit card distribution startup Extend sees a $400 billion market opportunity in eliminating out-of-pocket spending for business expenses through the instant issuance of virtual company credit cards.
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
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
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
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.
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
JULY 11, 2019
Consumers might not know about mobile card services (MCS), but they tend to be intrigued when told about the capabilities of these features. percent: Share of potential MCS users who are “very” or “extremely” interested in receiving alerts when children use shared cards.
PYMNTS
JUNE 13, 2019
In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history.
PYMNTS
JUNE 27, 2019
Payment Software-as-a-Service firm CardFlight is introducing Level 2 card processing data into its software SwipeSimple, aimed at lowering transactions fees for B2B vendors.
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
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
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 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
JUNE 17, 2019
American Express said its May card delinquency rate was unchanged from April, according to reports. percent, and the small business card delinquency rate went up to 1.3 Small business card net write-offs also increased, from 1.8
PYMNTS
JUNE 26, 2019
In the United States, money transfer firm TransferWise has launched a Mastercard debit card along with an accompanying TransferWise Borderless multicurrency account. The 40-currency debit card completes the package, so we’re excited to be releasing the card in the U.S.”.
Mobile Payments Today
JUNE 21, 2019
Prepaid forex cards are a popular payment instrument among frequent international travelers. Learn how you can differentiate your prepaid forex card programs
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
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
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
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.
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
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.
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