Fintech Labs Insights

MARCH 13, 2025

Ramp is a New York City-based fintech startup founded in 2019 that offers corporate charge cards paired with an expense-management platform and finance tools. Its core mission is to help businesses save time and money. It has more than 1,000 employees and a revenue run rate of $700 million. billion in April 2024.

Push-to-Card

Payments Dive

JULY 14, 2025

Mersinger noted that regulating the industry with the laws already in place has “created ambiguity,” thus limiting innovation and pushing changemakers to other jurisdictions with clearer crypto rules. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime.

Privacy

PYMNTS

DECEMBER 21, 2020

Although the wagons have begun to circle more publicly and more recently on Apple and its payments stance — given the very public lawsuit over in-app purchases — large-scale efforts to challenge Apple’s position on allowing anyone other than Apple access to the NFC chip haven’t gotten much media bandwidth. consumers — 47.2 percent of the U.S.

CHIPS

Fintech Finance

SEPTEMBER 18, 2024

Fingerprint Cards AB (STO: FING B) and Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced SECORA Pay Bio, an all-in-one biometric payment card solution that complies with Visa and Mastercard specifications. This will lead to a much simpler biometric payment card manufacturing process.

Enrollments

Payments Source

DECEMBER 1, 2016

pushed back its deadline for installing chip-card readers in U.S. gasoline pumps after station owners complained they didn’t have enough time to complete the multibillion-dollar upgrades.

Chip Cards

PYMNTS

MARCH 27, 2017

As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals. Contactless credit cards and mobile wallet use have seen a slow rate of adoption in the U.S.,

CHIPS

PYMNTS

JUNE 16, 2016

Atlanta-based Home Depot says new payment cards with “chip” technology remain less secure in the U.S. than cards used in Europe and elsewhere in the world. Even with chips, U.S. Even with chips, U.S. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers.

Chip Cards

PYMNTS

JANUARY 25, 2021

According to Ossama Soliman , chief product officer at open banking provider TrueLayer , the very fact that there are so many payment options pushes new entrants to differentiate themselves from the pack. “But But actually, it raises the bar for what it takes to add a new payment method into the checkout.”. Click, Biometric, Done.

Instant Payments

PYMNTS

DECEMBER 8, 2016

gas station owners to install EMV chip card readers at the pump. The new deadlines speak volumes about the upgrades needed, and as Visa noted in its own statement on the matter: “Older pumps may need to be replaced before adding chip readers, requiring specialized vendors and breaking into concrete.”

Chip Cards

PYMNTS

OCTOBER 21, 2020

For SMBs, what’s in the cards … are more card readers. Chase has also said that its new SMB offering will enable firms to take card payments within minutes. To that end, the banking giant J.P. Morgan is focused on enabling payments for the millions of small businesses that are the lifeblood of Main Streets across the U.S. –

Point-of-Sale (POS)

Payments Source

AUGUST 16, 2018

Square improves chip payment time; Ant pursues emerging markets in Africa; Pabst Blue Ribbon intros a card; CBA pushes small biz payments. The information you need to start your day, from PaymentsSource and around the Web.

Push-to-Card

PYMNTS

APRIL 2, 2019

Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments.

Debit Card

PYMNTS

OCTOBER 22, 2020

s struggles toward universal adoption in the European Union is reminiscent of EMV chip cards’ rise — a similar journey that aimed to solve a different fraud problem. When the card networks first started mandating EMV, McCutcheon said, there was heavy resistance. also known as “3DS 2.0” or “EMV 3DS”) has been a rocky road.

EMV

PYMNTS

MARCH 25, 2019

And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Card.

Credit Cards

PYMNTS

JUNE 16, 2016

Earlier today Visa announced a handful of new moves aimed at pushing EMV chip adoption among merchants. We’ve taken steps to simplify the process as much as possible and help reduce any challenges so merchants can move forward with chip adoption quickly.”. Pleased, but apparently also looking to push it over the finish line.

CHIPS

PYMNTS

JULY 19, 2017

Masterpass QR, launched in 2016, already enables brick-and-mortar shoppers to pay for their purchases using their mobile phones rather than a plastic card: They can simply scan the QR code displayed at the merchant’s point of sale, or enter a text code if their phone doesn’t have a camera. EMVCo is pushing for its adoption on a global scale.

Visa

PYMNTS

JANUARY 8, 2020

Credit card payments are increasingly enabled via EMV chips rather than magnetic stripes, but these methods frequently suffer from a lack of diligent digital identity verification. EMV Cards Face Crucial Verification Security Gaps. EMV cards are becoming increasingly commonplace in the U.S.

EMV

PYMNTS

SEPTEMBER 30, 2016

That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Nationwide, there are roughly 2 million chip-enabled businesses, and 1.3 There’s plenty of positive data to look at.

EMV

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

PYMNTS

JANUARY 24, 2019

However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. million payment cards, Giorgio said. She noted that, ever since EMV chip cards were introduced in the U.S., Australia and Canada.

Community Banks

PYMNTS

OCTOBER 26, 2018

To push that goal, Mastercard — in partnership with the world’s three largest card manufacturers, Gemalto , Giesecke & Devrient and IDEMIA — has officially launched the Greener Payments Partnership to establish environmental best practices and reduce first-use PVC plastic in card manufacturing.

Visa

PYMNTS

MARCH 25, 2019

And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Care credit card.

Credit Cards

PYMNTS

AUGUST 6, 2019

As Apple makes a broader push to expand its services business, the technology company has invited certain customers to apply for the Apple Card. The card is in partnership with Goldman Sachs , and Apple CEO Tim Cook said during the company’s third quarter earnings call that it would be released in August, CNBC reported.

Push-to-Card

PYMNTS

JUNE 6, 2019

don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. 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. However, the U.S.

Contactless Payments

PYMNTS

MARCH 13, 2020

That’s why Mastercard has been working with public agencies for the last decade-and-a-half via its “marquee” Direct Express platform, which allows public institutions to push funds to citizens via a prepaid solution. We’ve known for more than 10 years that there are issues with mailing checks, which is why we’ve seen over 4.5

Checks

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Most modern card readers and payment terminals are NFC-equipped.

Contactless Payments

PYMNTS

SEPTEMBER 4, 2018

What does the future hold for the plastic payment card? Or will cards with cutting-edge technology win more loyalty from shoppers? The payment card has “a long life ahead of it,” he told Karen Webster. Even if you consider technologies like mobile, you can see that the consumer is still paying with payment cards.”.

Chip Cards

PYMNTS

JUNE 20, 2016

The move has been complicated by the combination of most merchants getting a very late start to the EMV process – the Target breach was what many merchants considered their official starting line despite announcements by the card networks years earlier – and a complicated certification process that’s been tough for some merchants to navigate.

EMV

PYMNTS

JUNE 17, 2016

Today, there are 300 million chip cards in circulation and 1.2 It’s also the first to say that there could and should be more places for consumers to use their chip cards. The Big EMV Software Certification Push. Visa is the first to admit that a lot of progress has been made in the U.S.

EMV

PYMNTS

JULY 17, 2019

Beyond the technological advances, of course, China’s push toward a digital economy comes as the government has also digitalized the national ID card, which must be wielded by every citizen over the age of 16. Those cards are used for everything from transactions to getting tickets on mass transit.

Verification

PYMNTS

MAY 22, 2019

That means riders can use any Visa credential – whether it’s a Visa contactless card , mobile device or wearable – to pay for rides (along with other retail purchases, of course). In reality, and for the time being, this effort is about contactless cards more than other payment forms, but the impact could still be significant.

Contactless Payments

PYMNTS

APRIL 9, 2018

Apple’s New Chip Groove. Last week’s reports suggest that Apple will soon wave goodbye to its long-term chipmaker, Intel, in favor of making its own chips for Mac computers. The announcement that Apple was considering going its own way, chip wise, was enough to send Intel shares tumbling 6.1 In bloom this week….

CHIPS

PYMNTS

MAY 4, 2017

So any experience that extends the line – like waiting around for the EMV chip for an extra few seconds – has costs,” noted Marc Freed-Finnegan, co-founder and CEO, retail software provider Index. Some of EMV’s speed issues were addressed in a remarkable way last summer when Visa released its Quick Chip solution.

EMV

PYMNTS

JUNE 6, 2016

The merchant-card network relationship can be complicated. To help us get a better understanding of one card network’s point of view on this claim, as well as EMV’s evolution seven months in, Karen Webster recently spoke with Stephanie Ericksen, VP of Global Risk Products at Visa. . Ericksen also added that because the U.S.

EMV

PYMNTS

AUGUST 15, 2018

Today’s coverage includes news about faster chip card transactions, along with brightening prospects for retail and technology in the U.S. can now process chip cards in just two seconds on Square Reader , for contactless and chip, and Square Register. Square Makes EMV Transactions Faster In The US.

EMV

PYMNTS

JUNE 18, 2019

The card network announced that its AI-based Visa Advanced Authorization (VAA) security product has helped issuers prevent an estimated $25 billion in annual fraud. Cybercrime is both pervasive and expensive, as modern problems go. According to reports , citing the University of Maryland, there is an attempted hack every 39 seconds.

AI

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. The trade group wants unified card security standards in the U.S., EMV cards and other anti-fraud measures have had a major impact on fraud behavior.

EMV