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Commercial Card Innovation Puts SMBs In The Spotlight

PYMNTS

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs. American Express, Amazon Rollout Card For UK SMBs. US Bank Instant Card Connects With Concur Expense.

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PSCU Taps New Leaders To Advance Products, Innovation

PYMNTS

PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership team as vice president of innovation, PSCU announced today (Feb. Stevens will oversee product delivery and management, as well as its innovation teams. Young will report to Stevens. “We

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Infineon Debuts Employee ID, Mastercard Payment Card

PYMNTS

Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report.

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Business Payments FinTechs Embrace A Time To Innovate

PYMNTS

What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Virtual Cards And Mobile Technology. Bill.com revealed some of those changes as it highlighted the innovations driving a solid first fiscal quarter. While losses climbed from $5.7

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FinTechs Embrace Collaboration For Corporate Card Solutions

PYMNTS

On the path to payments innovation, collaboration is key. Mastercard Mobilizes The Virtual Commercial Card. This week, Mastercard unveiled its newest commercial payments technology offering: a virtual card product that is supported by mobile wallets. Razorpay Links With Visa For Small Business Card Solutions.

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Volopay, Nium Join Forces On Expense-Tracking Corporate Card

PYMNTS

Volopay is teaming up with global FinTech platform Nium to offer a new and improved corporate credit card to enable companies to keep a sharper eye on expenses. Nium’s BOLT program helped us to solve the expense-related struggles that generally most companies face,” said Rajith Shaji , founder and CEO of Volopay, in a press release.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Across the US, we saw clear geographic focal points for skimming activities.

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