article thumbnail

Mastercard Bets On Biometric Cards To Advance Inclusion

PYMNTS

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. The Challenge of Building the Right Card for the Job. In the U.S.

Cards 187
article thumbnail

UK Card Spend Reaches Highest Level Since at Least 2006

FICO

But this year’s rise seems to also have been driven by inflation, pushing the amount of average credit card spend in the UK to the highest level since our UK Risk Benchmarking records began in 2006. December also saw a significant rise in UK cardholders missing one credit card payment, which underlines the financial pressures on consumers.

Cards 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Tale Of Two Payments Regions: UK And Germany

PYMNTS

But, of course, no two consumers are exactly alike – especially when comparing consumers across different regions of the world. The study looked at 500 consumers (18+) in each country who had at least a credit or debit card. “The pie for card issuers in Europe is significant. ” The Highlights.

Regional 100
article thumbnail

Apple Earnings Blowout In FYQ1 Rides Success Of Connected Economy

PYMNTS

26, 2020, which drove revenue records in each geographic region and set an all-time high for its installed base of active devices. But there are other regions that 5G has very good coverage, like Korea. So our services business faces a tougher year over year comparison. 27) coming in at $111.4 billion in 2019.

Apple 236
article thumbnail

JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans

PYMNTS

Some are more exposed to credit card debt and lending to oil and gas companies. European banks, by comparison, have earmarked $11.5 The European Central Bank has cautioned banks to be flexible when applying accounting standards, as the region is one where companies depend more on bank lending than on capital markets for funds.

Lending 188
article thumbnail

Motion Pay Teams With UnionPay; uBUCK Inks Letter With Datable

PYMNTS

for a loyalty offering, and cash transactions are still popular in Vietnam when compared to other countries in the Association of Southeast Asian Nations (ASEAN) region. With this arrangement, uBUCK Pay account holders would be able to earn rewards for payments as well as purchases made on their uBUCK cards and their digital wallets.

article thumbnail

Square Lands Hard On Cryptocurrency

PYMNTS

By comparison, Square made $306 million in bitcoin revenue for Q1. In something of a counter trend, the company’s physical Cash Card spend was up during the first half of 2020, despite the impact of the pandemic. Cash App launched bitcoin deposits in June 2019.