PYMNTS

OCTOBER 12, 2020

But pushed by the pressure of an unusual circumstance to do something a different way, it’s amazing how quickly a new habit can grow up in the space an old one left behind. Consumers’ digital shift means customer expectations for their card issuers are higher than they’ve ever been. For most consumers, change is a funny thing.

Card Issuer 93

Card Issuer Visa Issuers Payment APIs and Integration 93

The Payments Association

JANUARY 3, 2025

Participants noted that while unauthorised fraud, which accounted for annual losses of 709 million, such as remote purchase, remote banking and lost and stolen cards, has remained relatively steady, authorised fraudparticularly investment, purchase, impersonation and romance scamshas surged in recent years to 460 million.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

PYMNTS

SEPTEMBER 29, 2020

Marqeta , the global card issuing platform, debuted its new Tokenization-as-a-Service (TaaS) product, which allows card issuers to access its tokenization technology, the Oakland, California-based company announced on Tuesday (Sept. It is used to instantly provision cards into a mobile wallet.

Card Issuer 60

Card Issuer Issuers Push-to-Card BNPL 60

PYMNTS

JUNE 11, 2020

As consumers have been hit hard by the economic effects of the COVID-19 pandemic, card issuers have seen a sharp impact to their business. In the immediate aftermath of the pandemic that pushed workers into indefinite furloughs and unemployment, credit card transaction volumes plunged by 30 percent.

Card Issuer 54

Card Issuer Issuers Posting Push-to-Card 54

Payments Dive

FEBRUARY 16, 2023

Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.

Rules 88

Rules Regulations Card Issuer Push-to-Card 88

EBizCharge

DECEMBER 3, 2024

Since managing credit card transactions can be complex, understanding how their settlements work is essential to maintaining financial health as consumer spending rises. Credit card settlements involve various processes and parties that ensure transactions are accurately recorded and funds are transferred.

Credit Cards 52

Credit Cards Settlement Finance Issuers 52

Fintech News

JANUARY 7, 2025

Singapore’s government has clarified that the Shared Responsibility Framework will not apply to credit card fraud cases, citing existing robust protections for consumers. This clarification came in response to a parliamentary question on the prevalence of credit card fraud in the country. million each year.

Credit Cards 104

Credit Cards Push-to-Card Card Issuer Authentication 104

Stax

OCTOBER 21, 2024

Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. Don’t believe it? Why does this matter to you?

Credit Cards 88

Credit Cards Process Processors Processing Costs 88

The Fintech Times

FEBRUARY 6, 2024

The Network Enablement Partner (NEP) programme is a Mastercard initiative that enables service providers — the vendors of Mastercard-licensed issuers and acquirers who typically have a fully indirect relationship with Mastercard — to play a pivotal role in expediting product innovation.

Visa 105

Visa Card Issuer Issuers Push-to-Card 105

PYMNTS

NOVEMBER 12, 2020

Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.

Innovation 120

Innovation Contactless Payments FinTech Push-to-Card 120

PYMNTS

NOVEMBER 16, 2020

In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc. collaboration, both roadblocks and workarounds are detailed for issuers and partners navigating untrodden pathways of consumer preference and next-gen commerce. In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc.

Issuers 95

Issuers Push-to-Card Contactless Payments Payments 95

PYMNTS

JULY 20, 2020

small and medium-sized business (SMB)-focused bank Tide said it has a new relationship with Mastercard that makes Tide one of the card company’s principal issuers, Finextra reported Monday (July 20). Under the multi-year arrangement, Tide will settle funds directly with Mastercard. In October 2019 the company raised $54 million.

Visa 91

Visa Push-to-Card Card Issuer Issuers 91

The Payments Association

NOVEMBER 19, 2024

In today’s competitive landscape, implementing a card product can be a powerful addition for businesses looking to enhance customer loyalty, streamline expenses, or broaden their financial offerings. Designing and launching a debit or credit card product requires navigating a complex web of stakeholders and intricate processes.

Product 88

Product Push-to-Card Card Issuer Issuers 88

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

MAY 13, 2019

The proposed credit card interest rate cap legislation , courtesy of Democratic presidential hopeful Senator Bernie Sanders and Rep. Let’s hop into the time travel machine this Monday morning and go back to the year 1973. Here’s why. and other countries) over political differences. Gas station operators followed the government’s rules.

Consumer 78

Consumer Caps Credit Cards Push-to-Card 78

PYMNTS

JANUARY 20, 2020

What reports indicate so far is that the eCommerce giant is developing technology that will allow consumers to link their card data/Amazon Pay mobile wallet to their palm print alongside payment terminals that will be able to scan that palm print and allow them to make purchases without ever having to pull out a card or phone.

Payments 110

Payments Push-to-Card Point-of-Sale (POS) Issuers 110

PYMNTS

MAY 5, 2017

Visa , the credit card issuer, announced Thursday (May 4) that it will help its financial institution partners create customized digital card management services for their customers. To help give consumers more visibility and control, Visa is creating capabilities that will complement several existing Visa functionalities.

Card Services 56

Card Services Issuers Payment APIs and Integration Online and Mobile Banking 56

PYMNTS

MARCH 28, 2019

In a press release , ICBA Bancard said the partnership with MK Decision streamlines its credit card application process to make it easier for customers when shopping and applying for cards. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients.

Online and Mobile Banking 76

Online and Mobile Banking Community Banks Push-to-Card Card Issuer 76

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. Optimizing Card Spend. “We’re seeing a lot more of that mentality.”

Commercial Card 104

Commercial Card Push-to-Card B2B Card Issuer 104

PYMNTS

DECEMBER 9, 2019

According to credit card issuers, about 24 percent of recurring transactions from credit cards are falsely declined , which adds up to about $300 billion in lost sales in the U.S. It then uses the data to “optimize credit card recovery,” ultimately pushing the transactions through. We’re big fans.”

Push-to-Card 66

Push-to-Card Credit Cards Card Issuer Issuers 66

PYMNTS

DECEMBER 4, 2018

For many consumers, perks are a key driver of their credit card choice, whether it’s airline miles, cash-back or points that can be redeemed for a variety of items. For many consumers, perks are a key driver of their credit card choice, whether it’s airline miles, cash-back or points that can be redeemed for a variety of items.

Issuers 76

Issuers Alternative Payment Methods Credit Cards Push-to-Card 76

PYMNTS

NOVEMBER 5, 2020

Visa North America Senior Vice President and Head of Product Brian Cole told Karen Webster that when the topic is POS innovation in late 2020, innovation spans an entire continuum from card-not-present to card-present transactions and everyplace in between. But a funny thing happened between the spring and summer.

Innovation 110

Innovation Point-of-Sale (POS) Push-to-Card Payments 110

FICO

MAY 30, 2017

As the UK’s Financial Conduct Authority proposes that issuers reduce or waive interest rate charges for persistent credit card debt, it raises the question: Just how much credit card debt do Britons carry? In January 2002 Classic average credit lines were 35% lower than Premium cards. The £90 Billion Problem.

Credit Cards 45

Credit Cards Card Issuer Issuers Push-to-Card 45

Finovate

APRIL 16, 2024

The Supplier Enablement tool recruits suppliers to accept virtual card payments instead of checks by allowing card issuers to access the right ERP data. Morgan, which is using the new offering to allow its commercial clients to efficiently manage supplier payments using virtual cards. Morgan commercial clients.

Checks 52

Checks Product Payment APIs and Integration Card Issuer 52

PYMNTS

JUNE 6, 2019

don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. Card issuers have been slow to release contactless cards due to limited acceptance at the point of sale. JPMorgan Chase will roll out new Visa-branded contactless EMV cards this year. However, the U.S.

Contactless Payments 56

Contactless Payments Chip Cards EMV Card Issuer 56

PYMNTS

JULY 6, 2020

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . These safety and convenience considerations are pushing more consumers to use — and more merchants to enable — contactless and CNP payments. percent of U.S.

Transactions 52

Transactions Card Issuer Push-to-Card Contactless Payments 52

FICO

OCTOBER 16, 2020

This means that for online purchases we’re more likely to see authentication requests, and to meet the requirements this authentication must come from two different categories from the below: For card transactions, the onus to manage this authentication doesn’t lie with the merchant, the merchant acquirer or the card scheme.

Authentication 52

Authentication Online and Mobile Banking Card Issuer Issuers 52

PYMNTS

SEPTEMBER 15, 2020

Card issuers that believe chargeback claims are valid then ask merchant acquirers to send funds on behalf of merchants to cover the transaction reversals — unless the sellers wish to dispute the claims. Resolving disputes can be time intensive, forcing banks to take on the administrative tasks required to gather and assess evidence.

AI 62

AI Disputes Issuers Push-to-Card 62

FICO

SEPTEMBER 20, 2017

If the new FCA persistent debt rules come into effect, the way issuers communicate with customers will determine how successful they are and could affect customer risk and retention. From July 2018 issuers will need to prompt their cardholders if their expenditure surpasses pre-defined thresholds. Options for Contacting Customers.

Rules 60

Rules Issuers Push-to-Card Credit Cards 60

PYMNTS

JULY 16, 2018

Employers are increasingly moving away from depositing paychecks into employees’ bank accounts, offering instead to add them to payroll cards. Payroll cards work like debit cards, allowing employees to purchase goods and services or make cash withdrawals from ATMs. These cards offer myriad advantages to both parties, too.

Payroll 42

Payroll Card Issuer Debit Card Push-to-Card 42

PYMNTS

OCTOBER 30, 2020

It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 billion of these payments in 2018 alone for a total of $97.04 Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. consumer purchases made with cash. Automating Dispute Resolutions.

Automation 91

Automation Process Disputes AML 91

Stax

JANUARY 31, 2024

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. cards currently in use. So it’s virtually impossible for a business to not accept Visa cards. TL;DR Interchange rates are the fees charged by credit card networks.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

PYMNTS

MARCH 1, 2019

ATM cards, Febreze and the FICO score were all around for a while languishing in relative obscurity until something happened to push them into mass consciousness. until a little over five years ago, when digital innovators and startups began developing the form as an alternative to store cards or consumers.

Finance 63

Finance Identity Theft Push-to-Card Underwriting 63

PYMNTS

SEPTEMBER 14, 2020

Friendly fraud has been on the rise for years, with customers contacting their banks to falsely assert that their credit cards have been used online for unauthorized purchases. Undeserved chargebacks are no trivial issue, either, as the number of such false claims rose 41 percent between 2016 and 2018. Why Customers Go Bad.

AI 70

AI Disputes Push-to-Card Acquirers 70

PYMNTS

OCTOBER 24, 2018

Fewer consumers use physical currency when making purchases, and are instead turning to more modern, digital methods of payment, particularly when making purchases online with debit cards. This pushed Bonkowski and his team to explore digital authentication solutions to protect its global user base. and around the globe.

Authentication 66

Authentication Push-to-Card AML Debit Card 66

PYMNTS

FEBRUARY 4, 2020

Leavitt, founder and CEO of Boost Payment Solutions , this is among the largest priorities for today’s accounts receivable departments, and commercial cards are stepping up to meet that demand. One of the biggest advantages of the card rails is that you are virtually unlimited as to how much data you can pass with that transaction.”. “One

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

Stax

DECEMBER 6, 2023

In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88