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Fast and Flexible, Not Furious: How Top Card Issuers Win the Race

Fintech News

The good old Need for Speed game is played in many industries, including card issuance. Card issuers need for speed exists on several levels, and we at OpenWay see this firsthand, since our Way4 card management software is used by top banks, processors and fintechs around the world.

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Flexbase adds perks on Visa card

Payments Dive

Photo by Bryan Bedder/Getty Images for Capital One via Getty Images In the world of premium credit cards, banks and card issuers have poured on the amenities in an arms race of perks as they seek affluent big spenders. Flexbase is now adding travel, dining and other perks to its card to complement business functions.

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Turning Commercial Card Credit Lines Into SMB Cash Flow Lifelines

PYMNTS

But the question still remains: What is the incentive for a company to use a card solution whose initial intended purpose was for business travel spend? When you talk about relevance, the fact still remains that there is a credit limit available on the company card product — it’s just not being used,” Razdan noted.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

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Persistent Debt Regulation and Advanced Analytics

FICO

Instead, the policy requires card issuers to take a number of escalating steps, informing the customer after 18 and 27 months of persistent debt, and eventually going through a forbearance process before month 36, which might include actions like card closure and interest waivers. Decision Options.

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5 Tips for Avoiding Credit Card Debt Problems

FICO

In our proprietary P&L Insight Benchmark Reporting Service , FICO has seen some worrying signs for UK credit card accounts 1-5 years on book ; these accounts are showing high lines, high spend and increasing delinquency. Others have suggested capping the level of interest that a bankcard issuer can charge.

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Enterprise Security Returns To Top Of B2B Investment Mountain

PYMNTS

card issuers, online retailers, payment providers and other businesses using Socure solutions today, the company said the investment will propel its U.S. ONPEX said FinLab and angel investors provided the funding that will go toward what Founder and CEO Christoph Tutsch called its “upcoming scaling phase.” Splice Machine.