PYMNTS

JULY 14, 2020

Customers can either round up their bills to the nearest dollar and give the excess to charity or get their change stored on loyalty cards. “The Federal Reserve is experiencing a significant coin shortage that is impacting our store operations and ability to provide change,” the company wrote on Twitter. “As If the U.S.

Retail 290

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PYMNTS

NOVEMBER 16, 2020

This method involves bad actors impersonating customers and convincing mobile service providers to transfer the victims’ phone numbers to their own SIM cards, allowing these fraudsters to seize control of any accounts linked to that phone number. Why Fraudsters Swap SIM Cards. It's that easy.”. How Digital Identity Curbs The Threat.

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PYMNTS

NOVEMBER 13, 2018

Bank ‘s Voyager fleet card tool. At the same time, fleet professionals using the card will also be able to see consolidated spend data across their retail and mobile refueling operations, as well as non-fuel purchases, for enhanced spend visibility.

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Perficient

NOVEMBER 22, 2023

Rising Credit Card Debt and Interest Rate Impact Since early 2022, the Federal Reserve has raised interest rates 11 times , impacting both student loans and credit cards. Credit card interest rates have hit a record-high average of 22%. In the second quarter of 2023, the average credit card balance soared to a 15-year peak.

United States 221

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PYMNTS

APRIL 20, 2017

based hospitality group which owns and operates brands like Crown Royale and Holiday Inn, recently reported finding malware in 1,200 of its U.S. The malware looks to have been designed to steal guests’ payment card information. We continue to work with the payment card networks.”. “We InterContinental Hotel Group, the U.K.-based

Cards 113

Cards Data US Groups 113

PYMNTS

APRIL 12, 2018

Fiserv, a global provider of financial services technology solutions, announced Wednesday (April 11) it has named Kim Crawford Goodman president of card services. Operating margins for those segments grew by a respective 330 basis points and 140 basis points to (respectively) 36.4 percent and 35.1

US 124

US Cards Leadership ATM 124

PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Traditionally, the benefits of card and check payments have resided on the buyer side of the equation at the expense of suppliers. The buyer uses a unique virtual card that is generated upon purchase approval.

Cards 234

Cards Payments Management Security 234

PYMNTS

DECEMBER 9, 2020

Payment solution provider Plastiq has teamed with accounts payable (AP) automation company Tipalti to let companies pay vendors with their business credit cards even if their vendors don’t accept credit cards, according to a Wednesday (Dec. 9) announcement. The news comes as Plastiq joined the U.S.

Cards 141

Cards Payments US Tools 141

PYMNTS

FEBRUARY 13, 2019

Kroger , one of America’s largest supermarket chains, is introducing a new mobile payment option and a loyalty rewards card, according to reports. At the terminal, shoppers can either use biometrics, enter a custom code or take advantage of the app’s QR code functionality to provide payment and loyalty card info. ” .

Mobile 177

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PYMNTS

OCTOBER 6, 2020

In today’s top news in digital-first banking, Bank of America has launched its Life Plan program, while United Airlines and Chase Card Services launched a United Gateway credit card. unveiled its new generation of automated teller machine (ATM) operating software. United Airlines, Chase Card Services Launch No-Fee Credit Card.

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PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. Boost Finds A Surge In Corporate Card Interest. Visa Fuels Supplier Card Acceptance.

Cards 156

Cards Analytics Payments Management 156

PYMNTS

SEPTEMBER 11, 2019

Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. The company has partnered with UnionPay to provide virtual and physical cards that will be accepted at point-of-sale terminals in China. “At

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PYMNTS

AUGUST 27, 2020

Asian-American cuisine restaurant operator Panda Express , which has 2,000 eateries across the United States, is running a new digital gift card program using services provided by Blackhawk Network , Blackhawk announced today.

Cards 141

Cards United States Meeting Retail 141

PYMNTS

MARCH 13, 2020

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. It’s an interesting phenomenon, especially considering the path to corporate card adoption elsewhere.

Cards 130

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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. Europe and Australia,” he continued. “I

Cards 108

Cards Strategy Regional Groups 108

PYMNTS

MARCH 25, 2019

After posting better-than-expected fourth-quarter earnings results, commercial payments firm WEX announced plans to acquire the fuel card assets of EG Group, Go Fuel Card. In a press release on Monday (March 25), WEX said it will acquire Go Fuel Card, the fuel card operations of the European fuel station EG Group.

Strategy 148

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PYMNTS

JUNE 27, 2019

The pair ultimately designed a concept that could operate without any on-site staff to solve this quandary. “We We looked to technology to assist us,” Rasmusson said. Customers visiting the store can select items and check themselves out with a tablet-based point-of-sale (POS) system that accepts credit and debit cards.

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PYMNTS

NOVEMBER 13, 2020

In today’s top digital-first banking news, FISPAN has joined Mastercard’s Start Path accelerator program, while Wells Fargo & Co is looking to sell its private-label credit card and point-of-sale (POS) financing arm. Wells Fargo Seeks Bidders for Private-Label Credit Card Unit. percent last year.

Cards 186

Cards cryptocurrency Report US 186

Bank Innovation

DECEMBER 7, 2017

That’s why Zelle is so importance to us,” Moynihan […]. EXCLUSIVE – Bank of America seeks electronification of cash not only as way to better serve its banking customers but also as an excellent way to reduce costs: according to Bank of America CEO Brian Moynihan, this digitization of cash can save the bank billions of dollars.

America 218

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PYMNTS

MARCH 12, 2020

billion in revenue and cost $5 billion to operate. However, for those surveyed who were already using such services, respondents indicated they would likely obtain these at USPS retail facilities if offered at a lower price.”. The idea is not without international precedent.

Retail 169

Retail US Survey Examples 169

PYMNTS

APRIL 9, 2020

In Australia, the commercial card market is one example of how bureaucracy and legacy process have stifled access to important SMB financial services, despite a continued surge in banking innovation and digitization. “People don’t just want a physical credit card to swipe at the shops,” he said.

Cards 150

Cards System Innovation Analytics 150

PYMNTS

NOVEMBER 1, 2016

Primark, a European clothing dealer, has reported that credit card skimming equipment was found on “a limited number of card payment machines” in two of its U.S. Primark has only be operating U.S. stores in the King of Prussia Mall and Willow Grove Mall, both in Pennsylvania.

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PYMNTS

AUGUST 21, 2019

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. avoids cross-border and FX fees , as payments are settled in GBP, euros, U.S.

Cards 146

Cards Payments United States America 146

Perficient

SEPTEMBER 29, 2022

This blog marks Part 1 of our Embedded Finance Blog Series and will introduce the overarching concept of embedded finance, setting us up to discuss embedded payments, embedded lending, and embedded insurance (all of which fall under the embedded finance umbrella) in future blogs. Use Cases .

Customer Experience 294

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PYMNTS

APRIL 24, 2017

A Russian hacker was sentenced to 27 years in federal prison for stealing credit card numbers and selling the data online, according to The New York Times. Seleznev was convicted for running a credit card and identity theft business out of his homes in Indonesia and Russia. “This prosecution is unprecedented.”

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PYMNTS

JUNE 20, 2019

UBS Bank USA is rolling out a new suite of commercial card products for its small business (SMB) customers, according to Bankrate reports this week. ” According to Jubitz, UBS first looked at clients of the bank with personal UBS credit cards, and found that many of those customers were using that personal card for business expenses.

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PYMNTS

JULY 16, 2019

Among the latest examples, N26 , which is a digital-only bank based in Europe, has entered the US market through partnership with Axos Bank in order to offer FDIC insured accounts. The partnership also includes the joint launch of a debt card, and N26 has said that it has 3.5 The company has raised $500 million to date in VC funding.

Digital Banking 101

Digital Banking US FDIC Cards 101

Perficient

FEBRUARY 2, 2023

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. The most commonly used physical identifiers for authentication are fingerprints and facial recognition scanning. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022.

Industry 471

Industry Trends social media Payments 471

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). So what is ‘it’?

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PYMNTS

AUGUST 15, 2018

can now process chip cards in just two seconds on Square Reader, for contactless and chip, and Square Register. Since chip cards arrived in the U.S., we have focused on making our chip reader fast for our sellers, and three seconds or more wasn’t quick enough,” said Jesse Dorogusker, head of hardware operations at Square.

US 101

US Cards Security Fraud 101

PYMNTS

DECEMBER 7, 2017

Factoring company AeroFund International has launched a new division that offers businesses with virtual procurement cards, the company said this week. AeroFund has formed AeroPay Express , a unit that provides virtual procurement cards that act as a line of credit to business payers, as well as vendor management services.

Cards 101

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PYMNTS

JANUARY 24, 2020

In today’s top news, The Clearing House (TCH) is increasing the value limit for general transactions on the TCH-operated real-time payments (RTP) network, Verizon is working with financial firm Synchrony to put out its own consumer card and the United States is moving to get tough on the sale of counterfeit merchandise through eCommerce.

Cards 130

Cards United States Payments Innovation 130

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag. Top Trackers And Reports.

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Cards Data Mobile Survey 151

FICO

FEBRUARY 21, 2023

Increasing of the fed funding rates leads to higher interest rates when seeking new credit or carrying balances on credit cards. For example, the average interest rate on credit cards accruing interest in Q4 2022 was 20.40% compared to 16.44% in Q4 2021 (Source: Federal Reserve G.19 19 report on Consumer Credit).

Trends 52

Trends Industry US Cards 52

PYMNTS

FEBRUARY 9, 2018

Telematics company Airmax says fleet card fraud will be “a thing of the past” thanks to technology. The company analyzed data from its Airmax Remote Premium Plus solution and found greater accuracy of mpg calculations through the use of such a tool, as compared to monitoring fuel performance from data provided by fuel card transactions.

Fraud 100

Fraud Cards Survey Management 100

FICO

AUGUST 16, 2022

US Bankcard Industry Benchmarking Trends: 2022 Q2 Update. FICO Community releases quarterly US Bankcard Industry Benchmarking trends. The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. Saxon Shirley.

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Trends Industry US Cards 52

PYMNTS

JULY 31, 2019

They talked about how the payment card network is investing to help accelerate innovation in the FinTech space, and what that could mean for all of kind of companies — upstarts and relatively longer-term players alike — in the realm of digital payments. “The an effort that was already operating in Europe and Asia-Pacific.

Fintech 192

Fintech Innovation US Payments 192