Innovation Still Centers on Cards as Mobile Payments Languish
Bank Innovation
APRIL 21, 2017
Cards may be fumbling at the innovation game, but they’re still the center of the payments world, while mobile payments remain a geeky sideshow.
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Bank Innovation
APRIL 21, 2017
Cards may be fumbling at the innovation game, but they’re still the center of the payments world, while mobile payments remain a geeky sideshow.
PYMNTS
MAY 8, 2020
Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology. That number was about 25 percent for U.S.
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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.
PYMNTS
NOVEMBER 17, 2020
Card-issuing firm Marqeta is forming a strategic partnership with rideshare giant Uber , to provide global cards and a payments infrastructure. “A Uber will be using our modern card-issuing technology to support its ecosystem of apps, which have more than 100 million monthly global users,” Marqeta said.
PYMNTS
AUGUST 3, 2020
Mobeewave specializes in letting shoppers utilize their smartphones to access a credit card and process payments. The system works via an app and does not require any further hardware beyond a Near Field Communications (NFP) chip, the likes of which have been included in iPhones since 2014, Bloomberg wrote.
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.
PYMNTS
NOVEMBER 17, 2016
USA Technologies, the payment technology service provider for the self-service retail market , announced Wednesday (Nov. USA Technologies, the payment technology service provider for the self-service retail market , announced Wednesday (Nov. Is it designed to be a “one-stop shop.”
PYMNTS
JUNE 10, 2020
In investments, retail dispute management firm Chargeback closed a funding round to speed up growth and to help retailers reduce credit card disputes. Data: 2014: The year Lumen was founded. And in tech, the future of retail may include mobile scanning. All this, Today in Data.
PYMNTS
MAY 6, 2019
As Nanu told it, the ongoing spread of faster payments can serve to not only build a stronger commerce and payments ecosystem for Asia and elsewhere, but make credit cards less important to the further growth of the world’s digital economy. Nanu started putting together a global remittance firm for consumers and businesses in 2014.
Abrigo
JANUARY 18, 2017
In addition to developing engagements related to monitoring, predicting and managing cash flow , however, accountants and other business advisors can create new revenue streams by helping business clients learn about and leverage technology that can improve cash flow and the overall performance of the business.
PYMNTS
MAY 25, 2018
Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments. No matter the technology, companies hoping to make profits in healthcare payments have a tough road.
PYMNTS
JUNE 17, 2019
American Express said its May card delinquency rate was unchanged from April, according to reports. percent, and the small business card delinquency rate went up to 1.3 Small business card net write-offs also increased, from 1.8 The rate held steady at 1.4 Net write-offs, however, did move slightly in may, from April’s 2.4
PYMNTS
FEBRUARY 6, 2019
When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with what he called the entrepreneurial itch for a while. A bank in Singapore, for example, that wants to start issuing cards will be waiting for about nine months to finish that project.
PYMNTS
JUNE 9, 2020
Nium , a financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s FinTech Fast Track program. Singapore-based Nium said that with this business arrangement, it will be able to shorten the time for issuing a Visa card to just four to six weeks.
PYMNTS
JUNE 24, 2016
Global technical body EMVCo has released its updated report on the number of EMV chip payment cards, saying that the figure has increased 1.4 percent of all card-present transactions conducted globally between Jan. 2015 used chip technology, which was up slightly from 32 percent for the same period in 2014.
PYMNTS
JUNE 17, 2020
Amazon customers in 12 countries across North America, Latin America, the Middle East and Europe will have their stored credit card credentials tokenized, Mastercard announced Wednesday (June 17). The move to tokenization comes amid the rise of eCommerce as consumers save and manage their card details across multiple websites.
Bank Innovation
JUNE 23, 2016
Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.
PYMNTS
JANUARY 8, 2020
A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.
PYMNTS
MARCH 31, 2020
The partnership enables CoinEx users to buy cryptocurrencies like bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USDT with their Visa or Mastercard credit cards directly. Enabling fast and secure credit card payments is a key step to mass crypto adoption. USD, EUR, CAD and other fiat currencies are supported. “We
PYMNTS
OCTOBER 7, 2020
In a move that lets its clients benefit from a new pre-constructed integration offering, enosix rolled out an SAP integration technology on Salesforce AppExchange. enosix, which was started in 2014, offers integration technologies between front-end infrastructure and SAP systems. 7) announcement.
PYMNTS
JULY 6, 2018
billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of shipments in “a growing number of territories,” the association said in an announcement. marking a twofold increase over 2014.
PYMNTS
APRIL 28, 2016
is soaring the global demand for smart payment cards by as much as 34 percent, a new Smart Payment Association (SPA) report has found. billion chip cards were supplied — of which, 570 million were shipped to the U.S., marking a twofold increase over 2014. The shift to EMV in the U.S. Last year alone, over 2.06
PYMNTS
JULY 14, 2016
Riders of its underground Tube are accustomed to swiping a bank card, mobile phone and smartwatch to get in and out of the terminals and to board buses. That ease of use in paying for transportation has piqued the interest of other cities around the world that could soon begin using London’s technology under a new deal.
Perficient
JULY 11, 2022
Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print.
PYMNTS
SEPTEMBER 15, 2020
When stadiums and concert venues open up once again, fans may find themselves in a whole new technological ballgame. This includes touchless payments and mobile ordering technology. VenueNext’s website says the company was started in 2014, and is now “transforming the way fans shop, order and pay.”
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. Home Depot’s 2014 data breach at stores in the U.S. District Court in Atlanta. Last month, Walmart sued Visa over similar issues.
Bank Innovation
MAY 1, 2016
Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.
PYMNTS
SEPTEMBER 3, 2020
Starting with the release of Apple Pay in 2014, there was a veritable rush of proprietary mobile wallets sent to market, a host of “. They want to build a mobile wallet, but not like the ones of the past that acted as repositories for credit and debit card information. Mobile payments have long been billed as the next big thing.
PYMNTS
MAY 13, 2020
Visa said Wednesday (May 13) that 28 new partners — spanning a range of gateway acquirers and technology partners — are joining Visa Token Service as credential on file token requestors. The bad actors are eyeing eCommerce and specifically card not present transactions as promising attack vectors.
PYMNTS
JULY 30, 2019
Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.
PYMNTS
MAY 11, 2020
Though the issue has captured a lot of attention lately as the demand for online grocery order for pick-up or delivery has become a critical priority for many consumers, giving food stamp ( SNAP program) recipients the ability to use their EBT cards online to pay for groceries is far from a new effort. The Emerging Grocery Landscape .
Celent Banking
DECEMBER 11, 2014
This is the time of the year when we begin to cast our eye back to 2014 as well as forward to 2015, and reflect on the top trends we are seeing in the market. Yet, for the first time in years, it genuinely feels that NFC has finally taken a large step towards establishing itself as a major technology standard in mobile payments.
PYMNTS
SEPTEMBER 22, 2020
It’s a bid to boost the Cupertino, California-based technology giant’s hardware sales and services business, PYMNTS reported. consumers and found while 81 percent of adult Americans owned smartphones, just 6 percent used Apple Pay at a physical store five years after the service debuted in 2014.
PYMNTS
OCTOBER 8, 2020
Marqeta , the high-flying card issuing platform, is getting a financial boost from a longtime business partner, Mastercard. The California-based FinTech, whose open API platform enables companies like Square, DoorDash and Instacart to issue credit and debit cards and process payments, announced Thursday (Oct.
PYMNTS
JULY 17, 2018
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.
PYMNTS
SEPTEMBER 26, 2016
The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. Convenience fees charged by Tyler range from 2.75 percent to 3.5 percent to 3.5 There were 7.5
PYMNTS
JANUARY 14, 2020
14) that participants in its Visa Token Service have processed eCommerce volumes of $1 trillion since the service’s debut in 2014, and that its transition of Visa Checkout merchants to click-to-pay will begin on Jan. For tokenized payments, $1 trillion and counting. Visa said on Tuesday (Jan. 21 in the U.S.
PYMNTS
DECEMBER 28, 2020
“This is a prime example of how to harness technology to help … slow the spread of infection,” said Dr. Clemens Hong, who helps oversee the county Department of Health Services’ testing sites. They will receive a paper card, but now can also have an electronic record. Experts say the answer is yes, with some exceptions.
PYMNTS
MAY 16, 2017
Just in time for the summer travel season, Mastercard has announced a series of partnerships in over 80 cities worldwide, which will enable card carriers to tap to pay for public transit. Our technology is helping to make the world a smaller, more accessible place.”. Petersburg, among a number of others.
PYMNTS
SEPTEMBER 18, 2020
Often written off as a technological solution in desperate search of an actual problem, the QR code fell by the wayside development-wise. consumers could have learned to pay with QR codes, but the technology hit two major roadblocks. It turned out Americans liked paying by card just fine and weren’t looking for a change.
PYMNTS
NOVEMBER 25, 2019
The new feature will allow Platinum Card and Centurion members to search, book and manage reservations from more than 10,000 restaurants worldwide across the American Express Global Dining Collection, as well as partners Bookatable and SevenRooms. The rollout comes after American Express acquired the Resy reservation platform.
PYMNTS
NOVEMBER 18, 2018
According to a report in Bloomberg citing the Brazilian Administrative Council for Economic Defense or CADE , the Brazilian regulators are looking to see if the credit card companies ran afoul of payment network rules. Bloomberg noted that Visa said in an annual regulatory filing that it’s also looking into the country’s Elo Network as well.
PYMNTS
OCTOBER 13, 2016
Shoppers in those regions often put less trust in online merchants and credit card companies and feel unsure about giving out their personal payment information. An alternative to advanced credit card payments. In countries like Egypt, many people do not have bank accounts or cards,” Shawky said. for less than $50 were cashless.
PYMNTS
OCTOBER 16, 2020
We want to make sure that everybody has an ability to participate in the modern economy and that everybody has an ability to leverage the technology that's available, the services that are available and have a better life,” Jess Turner , executive vice president for North America Products and Innovation, told PYMNTS in an interview Thursday (Oct.
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