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Visa, Open Debut Credit Card For India SMBs

PYMNTS

Visa and its India FinTech partner, Open , are rolling out their joint credit card product for small to medium-sized businesses (SMBs). 11) that Open, which operates a small business banking and financial services platform, announced the Founder’s Card, the result of its existing partnership with Visa. billion worth of transactions.

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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.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

They’re not equipped to manage the operational risks associated with these smaller businesses,” Shoihet told PYMNTS, especially when it comes to extending short duration credit lines, debt products or factoring. But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region.

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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.

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Brazil’s Banco Inter Eyes Partnership With Uber For FinServ

PYMNTS

Brazil is now Uber’s largest market outside the United States, with São Paulo boasting more Uber rides than any other city in the world. In July, Uber partnered with Mastercard and financial institution BBVA to offer a debit card to drivers in Mexico to promote banking in what is mostly a cash country.

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Mastercard: Helping Law Enforcement Fight Back Against Fake Cards

PYMNTS

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

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Marriott Sees ‘Improving Trends’ In Greater China As Region’s Travel Begins Recovery

PYMNTS

billion in April and brought in $920 million in additional liquidity via amendments to its co-brand credit card agreements in May. Marriott CEO and President Arne Sorenson said on a Monday (May 11) earnings call that, overall, “negative trends appear to have bottomed in most regions around the world.

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