PYMNTS

JULY 11, 2018

This time, Macy’s has revealed that hackers obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates. In April, retailer Hudson’s Bay disclosed that customers at Saks and Lord & Taylor stores in North America have had their payment cards compromised.

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Bank Innovation

JANUARY 8, 2018

EXCLUSIVE—Card company Dynamics Inc. revealed its Wallet Card, described by the company as the “world’s first” connected payment card, at the CES conference currently taking place in Las Vegas, the company announced today.

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Bank Innovation

NOVEMBER 15, 2017

In addition to fireside chats, startup demos, and general sessions, Bank Innovation’s 2018 conference has added a pre-conference workshop on how to build an innovation team, added even more time […].

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PYMNTS

JANUARY 14, 2020

Gambling Commission is banning the use of credit cards for placing bets, the BBC reported on Tuesday (Jan. adults are gamblers, with almost half of those people placing their bets online. Gambling Commission indicates that 22 percent of online gamblers who use credit cards to place bets are considered “problem gamblers.”.

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PYMNTS

JULY 5, 2020

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. The GSA is estimated to spend around $6 billion per year on open market credit card purchases.

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PYMNTS

JANUARY 22, 2021

In 2018 the Supreme Court struck down a 1984 federal law that prohibited gambling in most states. And that opened up an entirely new playing field for online gaming establishments now free to operate in any state that would allow them. Or Michigan, which starts online gambling Friday, Jan. There have been advances.

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PYMNTS

DECEMBER 31, 2018

According to the report, cybercrime touched nearly every sector throughout 2018, including those that may seem less obvious, like education or manufacturing — and for one obvious reason: the money. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget.

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PYMNTS

AUGUST 5, 2020

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. BofA Expands Contactless Biz Card Service. and Canada in 2018. Apple Pay Lands More Commercial Cards. This week the U.K.’s

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PYMNTS

MAY 6, 2020

In the year ago first quarter, the growth rate had been about 27 percent as measured against 2018’s first-quarter volumes. CEO Jack Dorsey noted on the earnings call that new and existing sellers continued to transition from in-store commerce to online channels, aided by curbside pickup and delivery.

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PYMNTS

AUGUST 20, 2020

Some families and students have turned to online tutoring to get extra one-on-one education support after many schools closed early in the spring and as digital classes begin to ramp up for fall. This could drive employers to seek to use more all-in-one card-issuing and management platforms to streamline the administration.

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PYMNTS

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

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PYMNTS

JANUARY 15, 2021

Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. consumers were expected to spend more than $190 billion online this season, up 36 percent from 2019, while in-store commerce was predicted to fall by 4.7

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PYMNTS

MAY 18, 2018

The rate of credit card delinquencies jumped 52 basis points (BPS) in the first quarter (Q1) of 2018, and will likely continue to increase over the next 12 months as consumers take on more debt. The rate of new delinquencies on credit cards stood at 6.42 The rate of new delinquencies on credit cards stood at 6.42

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Bank Innovation

FEBRUARY 7, 2019

JPMorgan Chase had the highest "buzz ranking" among banks in 2018, according to YouGov's Brand Index, an annual poll measuring which brands are considered the best by consumers. Participants were asked, “If you’ve heard anything about the brand in the last two weeks, through advertising news or word of mouth, was it positive or negative?”

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Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Banks appear optimistic about the economic outlook but expect more moderate growth than 2018. Key themes. New partnerships.

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PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P.

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PYMNTS

DECEMBER 28, 2018

Though FinTech has, in many ways, heated up the competition with banks, traditional financial institutions (FIs) widely began to realize in 2018 that their best strategy to remain competitive in today’s financial services landscape is often to collaborate with (not against) those FinTech firms. Visa Acquires Longtime Partner Fraedom.

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PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. The program, which began on Dec.

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PYMNTS

NOVEMBER 15, 2019

Dutch global payments platform Adyen announced it is launching card-issuing services to its customers. Adyen Issuing will enable clients to provide customers with virtual and/or physical cards that can be used online, in-app or in-store. The cards can also be integrated into mobile wallets. million ($101.9

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Bank Innovation

NOVEMBER 10, 2017

EXCLUSIVE- Is the prepaid card market saturated? In 2018, we will likely see fewer cards, but an increase in dollar loads,” Brown told Bank Innovation. Not quite, based on insights Sue Brown, director of prepaid debit advisory service at Mercator Advisory Group shared with Bank Innovation. “In

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PYMNTS

OCTOBER 9, 2019

bank NatWest has started a three-month trial of a biometric credit card that will use a fingerprint in lieu of a PIN. If the purchase is more than £100, then the card needs to be put into a terminal with the fingerprint as additional verification. . NatWest launched a test of biometric debit cards earlier this year. .

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PYMNTS

DECEMBER 28, 2018

Bruce Parker, founder and CEO of Modo , contributed the following piece as part of PYMNTS’ 2018 year-end eBook. So, uh, that’s not exactly how 2018 turned out. The year 2018 turned out to be less about dreaming and more about doing what needed to be done, glamorous or not. Here’s where the innovation really happened in 2018.

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PYMNTS

NOVEMBER 30, 2020

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. Three in four shoppers bought items online and three in 10 shoppers bought items exclusively online. Our research shows that 74.1 It is also 27.1

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PYMNTS

JANUARY 29, 2018

The 2018 predictions seem more like a laundry list of trends and tactics that’ve emerged over the last several years than a discussion of the profound impact these trends have had on the consumer and business payments experience. Tomorrow, we’ll publish our latest online Checkout Conversion Index (CCI), a study we do every quarter.

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Bank Innovation

NOVEMBER 3, 2017

Two speakers have joined the speaker faculty of Bank Innovation 2018 for fireside chats: Avin Arumugam, senior vice president of Internet of Things at Visa, and Adam Ludwin, CEO of blockchain startup Chain. Arumugam was previously head of next-generation payment products at JPMorgan Chase, as well as senior products manager at PayPal.

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PYMNTS

SEPTEMBER 30, 2019

A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall Street Journal reported on Sunday (Sept. The gift cards are sold at a discount in exchange for cryptocurrency.

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PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption. Then came checks, credit cards and wire transfers, with the most recent market explosion in several digital payment options. Historically, cash was king.

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PYMNTS

NOVEMBER 12, 2020

There’s also the safety of using debit in contactless payments, he said, where issuers had, fortuitously from a timing perspective, accelerated their issuance of contactless cards coming into 2020 and before the age of COVID-19. Card and digital transactions account for the remaining 40 percent, representing a greenfield opportunity (i.e.,

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PYMNTS

JANUARY 29, 2019

Will Tom Brady turn in his jersey after the game for an AARP card and hit the celebrity golf circuit? For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. Which brands will blow it? More about that in just a bit, though.

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PYMNTS

FEBRUARY 11, 2019

Consumers won’t be walking up to a cashier after standing in a checkout line to swipe a card when they visit a store. In a world where, as the Census says, 90 percent of retail sales still happen in the physical store, cards rule. It also purchased online pharmacy PillPack , and owns Zappos and fashion eTailer Shopbop.

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PYMNTS

OCTOBER 14, 2019

In an effort to grow usage of its Android smartphones in Brazil, Google has introduced a debit card payment program through Google Pay. Reuters is reporting that the company is making the move because many online retailers in Brazil only accept credit cards due to a preponderance of fraud. .

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Fintech Labs Insights

OCTOBER 1, 2024

In the last eight years, the corporate charge card market ( see definition below ) has seen the launch of 3 major digital players ( Ramp in 2019, Brex in 2017, and Divvy in 2016) that are already multi-unicorns. Profiles: Challenger SMB Charge Card Issuers 1. 4,800 18 16 Dash.fi (was FunnelDash ) 4 1 Oct 24 2016 Austin $3.7

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PYMNTS

JANUARY 15, 2019

15), as the financial institution (FI) disclosed its Q4 2018 earnings. Wells Fargo also reported single-digit gains in credit and debit cards. The bank, trying to restore trust among consumers and commercial clients, said full-year 2018 revenue decreased about 2.3 Debit card POS purchase volume, meanwhile, reached $89.8

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Accenture

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

JUNE 4, 2019

Amid collaborative efforts between traditional payment players and some smaller tech-nimble upstarts, the card giants are boosting their efforts to help FinTech firms bring new products to market. has three new features, including Global Reach, billed as a new card-issuing “territory expansion service.”.

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PYMNTS

JANUARY 23, 2019

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Department of Justice (DOJ) will essentially shut down a source of revenue made possible by a 2018 U.S. As the Feb.

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PYMNTS

DECEMBER 28, 2018

In a blog post , the company noted that “nearly half of all items” purchased through online grocery involve fresh products such as meat and produce. Amazon might have kicked off the year of cashierless checkout with its Amazon Go store in January , but the concept took off in other parts of the world in 2018. The offering comes as 4.9

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