PYMNTS

DECEMBER 16, 2020

The CloudTrucks app helps truck owners and operators manage their businesses by optimizing their driving schedules for better pay rates, maximizing cash flow and reducing operating costs. CT Cash is a free instant pay and cash card product developed in collaboration with Visa. CloudTrucks made the announcement on Wednesday (Dec.

Cards 209

Cards Payments Operations America 209

PYMNTS

DECEMBER 10, 2020

This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . Reshaping Business Payments . Much of the U.S.

Operations 192

Operations Payments Cards Mobile 192

Bank Innovation

DECEMBER 8, 2017

EXCLUSIVE – Bank of America has rolled out a series of features and upgrades to its mobile banking app including a timely partnership for the holiday season with Blackhawk Network Holdings’ gift card marketplace Gift Card Mall.

America 170

America Mobile Cards Management 170

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.

Cards 246

Cards Tools Capital Payments 246

PYMNTS

MAY 18, 2020

Bank of America has lowered its rating of Square Inc. The extent of SMB churn is hard to quantify, and likely won’t be known for perhaps another six months, but we note that 75 percent of Square’s payment volume comes from merchants with less $500,000 in annual card volumes,” he said.

America 186

America San Francisco New Jersey Resources 186

PYMNTS

OCTOBER 27, 2020

Visa has inked an agreement to acquire YellowPepper , which works with startups in the Caribbean and Latin America, according to an emailed press release. YellowPepper will help integrate more easily with Visa Direct, Visa's real-time push payments platform, Visa B2B Connect, its non-card-based B2B network and value-added services.

America 297

America Innovation Strategy Regional 297

PYMNTS

FEBRUARY 13, 2019

Prepaid debit cards are playing an important role. Eventually, the organization had to rely on prepaid debit cards, specifically for moving money from “New York to Colombia and Ecuador to buy more cocaine.” After the cards arrived in South America, the cartel hired workers to withdraw the money from ATMs.”. Too Much Cash.

Cards 147

Cards Operations New York City Regional 147

Bank Innovation

APRIL 15, 2016

Bank of America Corp. “We’re up and operating Read More. needs to wait “a few months” for its clearXchange partners to catch up to it. The megabank’s CEO, Brian Moynihan, said yesterday that clearXchange was “a few more months” from “heavy” marketing of the P2P payments platform.

America 150

America Operations Marketing Payments 150

PYMNTS

OCTOBER 6, 2020

In today’s top news in digital-first banking, Bank of America has launched its Life Plan program, while United Airlines and Chase Card Services launched a United Gateway credit card. unveiled its new generation of automated teller machine (ATM) operating software. Plus, NCR Corp.

Cards 176

Cards ATM Georgia America 176

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Course 202

Course Cards Capital Payments 202

PYMNTS

NOVEMBER 23, 2020

In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy. Visa has wrapped up its acquisition of Latin American FinTech YellowPepper , the first deal of its kind by the financial giant in the region.

Fintech 332

Fintech Regional Strategy Security 332

Perficient

FEBRUARY 2, 2023

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471

Industry Trends social media Payments 471

PYMNTS

SEPTEMBER 28, 2016

Corporate payments firm WEX is pushing virtual card technology within Latin America and has announced a new partner to help the cause. Argo will integrate WEX’s virtual card number (VCN) technology as an additional payment option for its corporate and travel agency clients.

America 100

America Cards Regional Payments 100

PYMNTS

NOVEMBER 8, 2016

First Data saw a turnaround in its North American global business solutions (GBS) operations in the third quarter of 2016, notching the first positive results in several quarters, and that was fuel for a rally of as much as 12 percent intraday in the company’s stock price. GFS, said management, saw strength in Latin America.

America 171

America Data New York City New York 171

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. InstaReM was then founded as a four-person operation in a single Singapore office. Credit Cards.

Cards 202

Cards Payments Regional Operations 202

Bank Innovation

MARCH 6, 2020

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments.

Strategy 221

Strategy US America Cards 221

PYMNTS

SEPTEMBER 20, 2018

In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer? As ePayables have emerged as an option in the commercial realm, Yarbrough noted that a virtual card can solve problems for both buyers and suppliers.

Cards 191

Cards Innovation Industry Payments 191

PYMNTS

SEPTEMBER 27, 2017

Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. The Wall Street Journal reported that the joint venture, which has operated in conjunction with First Data Corp. In 2013, Bank of America Merchant Services was the top U.S.

America 125

America Operations Meeting Strategy 125

PYMNTS

DECEMBER 9, 2019

has received a license to operate in Canada in a move that will expand the company’s global reach, according to reports. The company obtained a money service business (MSB) license in Canada, and it said the procurement of the license was its first step in expanding more deeply into North America. Paysend , a FinTech out of the U.K.,

Operations 130

Operations America Cards Fintech 130

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. And everyone, he said, wants to crack the Chinese market.

Branding 322

Branding Taxes Fraud Regulation 322

PYMNTS

JANUARY 28, 2021

Resolved: The highest priorities for banks and credit card companies in today’s payments landscape are cross-border payments, relationships with FinTechs and cloud-based technology. 27) that they have formed a global partnership that will deploy and expand TransferWise’s multi-currency debit cards and mark the first use of Visa Cloud Connect.

Cards 180

Cards Marketing United States Fintech 180

Chris Skinner

JULY 13, 2017

This is forcing banks to replace systems that have been operating for three decades or more, and that is like ripping out the foundations of a building whilst ensuring the house doesn’t fall down. The main reason is that China was not a card-based economy. Most COBOL programmers are in their 50’s and soon their numbers will disappear.

United States 316

United States System Mobile Maine 316

PYMNTS

FEBRUARY 17, 2020

But among the most greenfield markets are those found in Latin America, where mobile devices may have high penetration, but traditional banking services do not. Consider the fact that the World Bank has estimated only 55 percent of adults in the Latin America and Caribbean regions have access to bank accounts.

America 250

America Cards Mobile Data 250

PYMNTS

APRIL 13, 2020

Miles, of course, are a form of loyalty, a way to keep individuals and businesses tethered to a particular airline and to keep certain cards “top of wallet.”. But we are certainly not in a normal operating environment. But we are certainly not in a normal operating environment.

Cards 294

Cards America Operations Course 294

PYMNTS

OCTOBER 1, 2020

A Mastercard survey revealed 76 percent of small businesses in North America said the pandemic prompted them to become more digital. Six key elements are examined: business strategy, management and operations, growth and marketing, getting paid, making payments and protecting employees and customers.

Tools 262

Tools Cards Guidelines Online 262

PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. “In trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

Bank Innovation

JUNE 2, 2017

Chase Bank is tiptoeing into the world of cardless ATMs for consumers — catching up to the likes of Bank of America and Wells Fargo. The ATM has been a workhorse for the financial industry but as it crosses its 50th birthday, the ATM is facing competition from mobile phones and cashless transactions at the register. […].

ATM 324

ATM America Mobile Industry 324

PYMNTS

SEPTEMBER 17, 2020

In today’s top news in payments around the world, Delivery Hero said it has acquired Glovo’s Latin America operations, and Telefónica is teaming with Rakuten for the development of an OpenRAN (radio access network). Students will have the capacity to use their own currencies for payments via Mastercard debit or credit cards.

Operations 154

Operations Payments United States Groups 154

PYMNTS

SEPTEMBER 18, 2020

With a focus on optimizing cash flow for merchant customers, EVO Payments has announced a new feature that enables businesses to access funds from card transactions in real time. The company is using Visa 's Visa Direct solution, which wields Visa's card rails to push funds to debit cards. VSoft Debuts Real-Time Platform.

Innovation 291

Innovation Payments cryptocurrency Cards 291

PYMNTS

JUNE 19, 2020

Companies are looking for digital tools to help them maintain their operations during the disruption and find new, long-term efficiencies. For more on these stories and other AP Automation headlines, download the Tracker. . How FIs Are Answering The AP Modernization Movement.

America 153

America Report Fintech Tools 153

PYMNTS

SEPTEMBER 24, 2018

based Volopa has unveiled contactless multi-currency prepaid cards and India- based Obopay purchased mobile app company Mubble. London-based Volopa has unveiled contactless multi-currency prepaid cards geared toward businesses and consumers, according to reports. In addition, U.K. In the U.K.

Cards 138

Cards Analytics Mobile ATM 138

PYMNTS

NOVEMBER 19, 2018

Palmer did for their “P-card Benchmark Survey,” which surveyed purchasing card (p-card) program administrators about their firms’ commercial card adoption. In the 28 years since that report was published, p-card spending has reached more than $350 billion a year — from next to nothing in 1990.

Cards 122

Cards Survey America Capital 122

PYMNTS

SEPTEMBER 18, 2018

18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a single card that could be used by consumers to purchase things on credit from many different merchants. billion cards has included many noteworthy milestones.

Payments 259

Payments San Francisco Innovation Cards 259

PYMNTS

FEBRUARY 28, 2020

The banking industry has seen a trend toward more digitization, with many banks investing in digital experiences for customers and making sure that online operating efficiency is at an acceptable point. Banks like Bank of America, JPMorgan, Zions Bancorp and Huntington Bancshares have all been spending on technology upgrades.

Capital 209

Capital ATM Customer Experience Cards 209

PYMNTS

JULY 5, 2020

The German payment processing company’s operating performance in Europe and the Americas was far worse than previously known, according to a report from KPMG, the Netherlands-based global accounting firm, obtained by the newspaper. Wirecard’s filing insolvency two weeks ago has exposed a pair of deposits totaling $2.1

Payments 170

Payments Cards Report America 170

PYMNTS

JUNE 22, 2020

Credit and debit card penetration in markets like Mexico is still low compared to the U.S. For example, so many of Mexico’s consumers who might be interested in purchasing their products may not have credit or debit cards to pay for their purchases. Global Reach, Local Payments Solutions.

Strategy 230

Strategy Payments America Examples 230

PYMNTS

JULY 15, 2019

Beyond the market volatility, and the fact that the stock was off in intraday trading, Citigroup’s results and commentary underscore a continued focus on spending on technologies to streamline operations. Bright spots were seen in the consumer-focused side of operations, where Citigroup boosted its deposits by $3 billion.

Cards 100

Cards America Regional Operations 100