Bank Innovation

MAY 17, 2016

First announced in December 2015, the latest in the mobile wallet pipeline – Walmart Pay – is live as of yesterday to Walmart shoppers at 110 branches in Arkansas and a further 500 in Texas. Card transactions carry Read More. The feature will be available in all stores “soon,” the company said.

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PYMNTS

DECEMBER 19, 2019

With the ongoing decline of checks, the growth of payments by debit and credit cards continued to speed up from 2015 to 2018, per Federal Reserve U.S. percent per year between 2015 and 2018. Total card payments increased to 131.2 trillion since 2015. Total card payments increased to 131.2 billion from 2015.

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PYMNTS

DECEMBER 12, 2018

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate. million, according to a report.

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PYMNTS

OCTOBER 17, 2018

A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards. Google Play cards were not reported in significant numbers until this year.

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PYMNTS

DECEMBER 3, 2018

In 2015, the Wall Street Journal reported Marriott had a smaller breach in which malware was installed on point of sale systems in hotel restaurants and gift shops. When there is a concern that payment cards are at risk, forensic investigations start looking at devices that process payment cards and follow the evidence from there.”.

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PYMNTS

OCTOBER 5, 2016

It’s been a year since the EMV card reader deadline. Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. Florida-based B&R Supermarket Inc. Florida-based B&R Supermarket Inc.

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PYMNTS

FEBRUARY 27, 2019

card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 Payment Systems Regulator (PSR) continue their probes into competition of the card-acquiring space, with Mastercard and Visa offering late last year to cut swipe fees on tourist cards to help end the EC’s investigation.

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PYMNTS

FEBRUARY 6, 2019

Fleet payments company FLEETCOR is facing criticism over fees associated with its fleet cards, according to reports in Bloomberg last week, which small businesses (SMBs) say are too high. The issue mirrors the debate over payroll card fees, and raises new concerns over fees linked to card products for businesses, including interchange fees.

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PYMNTS

SEPTEMBER 8, 2017

A new study has found that the number of payment cards issued globally reached 14 billion last year and is predicted to rise to 17 billion by 2022, boosted by an increase in overall debit card issuance. RBR , a strategic research and consulting firm, recently published its “Global Payment Cards Data and Forecasts to 2022” report.

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PYMNTS

JANUARY 13, 2021

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. Small Business Card Use On The Rise. Use of a charge card similarly grew year over year from 23 percent to 31 percent.

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PYMNTS

NOVEMBER 23, 2018

To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. That figure rose from only 7 percent in 2015, which marked an increase of 270 percent.

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PYMNTS

OCTOBER 17, 2018

between 2012 and 2015, surpassing growth in noncash payments, the Federal Reserve found. billion in 2015 from $6.1 The Federal Reserve said in a press release that the fraud data was collected as part of surveys of depository institutions in 2012 and 2015 and payment card networks in 2015 and 2016. billion in 2012.

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PYMNTS

MAY 30, 2019

Visa said this week that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously. EMV” is shorthand for Europay, Mastercard and Visa chip cards. storefronts now accept chip cards, according to the data.

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PYMNTS

SEPTEMBER 13, 2018

Bank of America is adding mobile wallet functionality to its suite of commercial card products, the bank said Wednesday (Sept. According to Bank of America, mobile wallets can enhance payment security by tokenizing account numbers, effectively using a physical commercial card to generate a virtual card for a particular purchase.

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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.

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PYMNTS

JUNE 5, 2017

billion EMV cards in circulation worldwide as of the end of 2016. billion cards over the last 12 months. percent of all card-present transactions globally were handled with EMV tech — a 35.8 percent increase from the same time two years ago in 2015. According to new figures out from EMVCo, there were a total of 6.1

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PYMNTS

OCTOBER 27, 2016

billion on all credit, debit and prepaid general-purpose and private-label payment cards issued globally. percent in 2015, outpacing the growing global card volume. where issuers poured EMV cards into the market, merchants lagged in deploying terminals.”. 20.6% | The growth percentage of global fraud in 2015.

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PYMNTS

DECEMBER 21, 2018

Among the numbers was the fact that the number of card payments were up 10.1 That card payment data, according to the Fed, includes credit cards, debit cards and prepaid debit cards. Within that mix, prepaid debit cards were up 10.5 percent, and debit cards that were not prepaid grew by 10.4

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PYMNTS

OCTOBER 17, 2018

Fraudsters Prize Payment Via iTunes, Walmart Gift Cards. Losses due to this type of fraud reached $40 million in 2017, an increase from $20 million in 2015 and $27 million in 2016. Starbucks has big hopes in China, CVS isn’t sweating Amazon competition and Ingenico inks a new European payments deal. Volkswagen Eyes eCommerce Sales.

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Accenture: Banking

OCTOBER 9, 2019

The credit card partnership market is off to an aggressive start in 2019, given issuers’ robust activity in the first half to try to fuel new growth amidst a leveling-off in receivables. Already, 10 new credit card programs launched in the second quarter of 2019 (Figure 1), compared to the 16 launched in 2018, based on our analysis.

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PYMNTS

MARCH 12, 2020

And according to Jennifer Schroeder, executive vice president of product management at PULSE, prepaid and payroll cards are proving increasingly popular among forward-thinking employers. As has been reported, the platform can help issuers manage, or restrict, transactions across groups of compromised cards.

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PYMNTS

MAY 14, 2019

The company was founded in 2015 by former employees of Tradeshift, Jeppe Rindom and Niccolo Perra. Pleo allows for “smart” company cards that are paired with software that tracks receipts and spending in real time.

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PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., The card giant said that, as of July of this year, 88 percent of its U.S.-based based consumer credit cards are chip cards, a tally that represents a 105 percent boost in chip card adoption since the liability shift took root on Oct. 1 of last year.

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PYMNTS

OCTOBER 15, 2019

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. According to the leaked data, card information for sale on BriansClub showed a steady increase of inventory. In 2015, the website added 1.7

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PYMNTS

SEPTEMBER 15, 2020

SBM Bank India , the Mumbai-based lender, and Mastercard have introduced a premium debit card for high-net-worth customers.

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PYMNTS

JULY 24, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co., It boasts more than 12 million customers. Last week, Revolut, which recently debuted in the U.S.

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PYMNTS

SEPTEMBER 23, 2019

As we noted in the recent Digital Banking Tracker, the CNP fraud has taken a leg down in favor of fraud that looks to snag credit card numbers. They took the details and applied for credit cards. Vendors even made payments to Jelfo’s credit card accounts, according to reports in patch.com. Check Fraud, Too.

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PYMNTS

FEBRUARY 11, 2020

11) to set up a bank card clearing business, granting access to a $27 trillion payments market, according to reports. . The People’s Bank of China said in a statement that it has approved an application by Mastercard’s Chinese joint venture to conduct bank card clearing business in the country.

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PYMNTS

AUGUST 11, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. The startup offers its digital banking features with a debit card that users can attach to their accounts and cellphones. The FinTech has since expanded to offer business banking.

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Chris Skinner

APRIL 24, 2017

Although other statistics do not corroborate this number, putting the levels around 40% banked and 60% unbanked, with 79% unable to get credit cards. According to the Colombia Banking Association 65% of the Colombian adult population had access to financial services in 2013, rising to 72% in 2016 and a target of 80% banked by 2018.

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PYMNTS

JANUARY 11, 2021

TripActions' offerings include the Liquid payment card, which PYMNTS reported helps eliminate frustrations that emerge — even during times of limited travel — that come from having employees working from remote outposts. The company was founded in 2015. Palo Alto, Calif. based TripActions has 900 employees at six U.S.

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PYMNTS

OCTOBER 19, 2018

As reported by the Federal Reserve Payments study this week, the value of noncash fraud has gone up between 2012 to 2015, and the measure along that time frame grew by 37 percent to $8.3 The data, said the Fed, came from surveys of depository institutions in 2012 and 2015, and payment card networks in 2015 and 2016.

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PYMNTS

DECEMBER 10, 2019

Since the initial product launch in 2015, N26 has reached more than 3.5 N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal. million customers in 25 markets in Europe. N26 started rolling out in the U.S.

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PYMNTS

DECEMBER 11, 2020

Merricks alleges Mastercard is in violation of the European Union’s competition law because of the “interchange” fees charged to retailers for card use. The case is the first major lawsuit to move forward under the Consumer Rights Act 2015, which penalizes anti-competitive behavior. The high court in the U.K.

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PYMNTS

MAY 18, 2020

The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay, Mastercard and Visa ( EMV ) credit card terminals that allow chip cards and smart cards.

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PYMNTS

JANUARY 24, 2020

The country has one of the lowest rates of credit card use in Europe, but that could change if the cashless initiative catches on. The difference between the amount of VAT paid and what should have been collected in 2015 was around $35 billion, down slightly from $41 billion the year before.

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PYMNTS

APRIL 6, 2020

One might expect that in these circumstances, consumers would be even more inclined to take advantage of the contactless payment capabilities of mobile wallets, to avoid swiping their cards at point-of-sale (POS) terminals and pressing keypads touched by many other shoppers. percent reported Walmart Pay usage.

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