PYMNTS

OCTOBER 1, 2020

The plastic card, by necessity, is giving way to digital cards, and mobile apps are bringing card-not-present transactions, increasingly, to mobile devices. She said there are a number of basic pillars that should be in place in order to have an effective mobile card app, where cardholders and issuers interact.

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PYMNTS

NOVEMBER 9, 2020

For the many business travel and expense management FinTechs in the space today, the current market is far from favorable. But companies large and small are still making purchases, and with the pandemic fueling the need for contactless payments, commercial card technology adoption is on the rise. The Future Of The Commercial Card.

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Gonzobanker

AUGUST 3, 2023

The time has come for some truth on the world of payment card flips. disrupted banks’ income on debit cards. had in 2011, they’re likely to see an 18% to 25% volume shift from signature to PIN card transactions by the end of 2025. And the threat of disruption on credit cards looms large.

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BankBazaar

NOVEMBER 7, 2023

Credit C ard churning is a rewarding practice if you can effectively manage the risks and challenges it presents. Credit Card churning is a practice that has gained popularity among savvy consumers looking to make the most of their Credit Card spending.

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PYMNTS

MAY 6, 2020

FinTech Conferma Pay said Wednesday (May 6) that it has teamed up with Visa to integrate the payment network’s virtual cards into the Conferma Pay mobile app, provisioning commercial cards to their phones’ digital wallets. It’s just more appropriate than ever,” he said, of the shift to virtual cards and mobile wallets.

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PYMNTS

JANUARY 27, 2021

But the spend management needs of the education system cannot entirely be met by a single solution that provides visibility into capital expenditure. Public school budgets are tight, and whenever public funding is involved, it’s not only important to tighten the grip on spend, but to build transparency of the taxpayer dollars being used.

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PYMNTS

NOVEMBER 30, 2018

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation. ”

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Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

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PYMNTS

MARCH 14, 2020

The goal of the attack is generally to steal credit card information, guess shopping cart tokens to take over the shopping session, or exfiltrate consumer account PII (personally identifiable information) that can be used to perpetrate other fraud.”.

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PYMNTS

NOVEMBER 8, 2018

PNC Bank’s Treasury Management unit is testing a new solution to address card-not-present (CNP) fraud for commercial clients. 7) that it is piloting Dynamic CVV2 technology for commercial card customers. ” PNC Treasury Management added that the solution does not require a change in buyer behavior. .

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PYMNTS

NOVEMBER 27, 2020

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. This is leading some families to put their children’s funds on virtual cards instead, according to U.S.-based

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PYMNTS

AUGUST 20, 2020

The New Samsung Pay Card . One of the most recent developments was this week’s announcement of the Samsung Pay Card powered by Curved and Mastercard technology. In a typical digital-wallet offering, one registers their card credentials into the wallet directly. But the Samsung Pay Card powered by Curve works differently.

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Samsung Cards Payments Innovation 238

PYMNTS

NOVEMBER 23, 2020

For purposes of this analogy, the “basement” into which bad mice are creeping is most likely your legacy payroll/expense management software and its possibly compromised connections. While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them.

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PYMNTS

AUGUST 21, 2020

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. And once a top of wallet is set, the card becomes invisible and changes very infrequently.”.

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PYMNTS

JUNE 1, 2016

A year after its creation, France-based Spendesk has launched its corporate expense management solution to the EU market, reports said Monday (May 31). “We reinvent corporate cards, as they should be, so that teams can be fully focused on making their company successful,” the executive continued.

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PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. Onboarding , for example, can take weeks.”

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Perficient

NOVEMBER 22, 2023

However, in October 2023, loan payments resumed, presenting new financial challenges. While the temporary pause was beneficial, it left numerous individuals still grappling with the task of managing their additional financial obligations. Credit card interest rates have hit a record-high average of 22%.

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PYMNTS

AUGUST 3, 2017

Accounts payable company MineralTree just gave a big show of support for commercial cards when it announced this week it is partnering with American Express (Amex) to offer companies an integrated platform to support supplier payments via virtual commercial card. But the hurdle of card adoption persists.

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BankInovation

MARCH 13, 2024

Mastercard Foundry, the innovation hub for product development at the card giant, is creating a new technology-focused position, as it continues its tech investment. 31 earnings presentation. Director of innovation The $42 billion card giant’s ideal […] billion, according to Mastercard’s Jan.

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PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service. Leavitt explained.

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PYMNTS

OCTOBER 28, 2020

Expense management and accounts payable (AP) automation company Emburse has rolled out Emburse Cards and Tallie Travel to offer a simple way for clients to handle their travel and out-of-pocket expenditures, according to a Wednesday (Oct. In addition, employee card managers can supervise spend at a detailed level.

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PYMNTS

APRIL 9, 2020

In Australia, the commercial card market is one example of how bureaucracy and legacy process have stifled access to important SMB financial services, despite a continued surge in banking innovation and digitization. “People don’t just want a physical credit card to swipe at the shops,” he said.

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PYMNTS

DECEMBER 26, 2019

Deutsche Bank, Mastercard and IDEMIA are teaming up to introduce what they said is the first card in Spain to tap motion code technology, FinTech Futures reported on Thursday (Dec. On the back of the card, a small screen will display the CVC, also known as the dynamic security code.

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PYMNTS

DECEMBER 2, 2020

This is driving demand for virtual cards, digital payment offerings that can authorize purchases without forcing shoppers to hand over sensitive permanent account numbers.”. Virtual cards are expected to facilitate $1.6 Merchants Align Behind V-Cards. As it relates to fraud, once again, virtual cards are having a major moment.

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Cards Security Fraud Online 150

PYMNTS

MAY 8, 2020

The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. Gearing Up For Fraudsters. And there is just tremendous value in that synergy in an environment like this.”.

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PYMNTS

JANUARY 15, 2021

But presentation materials that accompanied the results showed that of the reserve released in the quarter, $900 million came from the consumer side of the book, so to speak, and were released from home lending. Reserves were held flat on the card business, standing currently at $17.8 Card average loans stood at $141.2

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PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job.

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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

DECEMBER 20, 2018

Growth in the commercial card industry is being driven by more than the push for supplier acceptance in accounts receivable. An example of the conjunction of commercial card innovation and shifting corporate payment trends can be found in the evolving workforce. Payroll company ADP recently estimated that as much as 80 percent of U.S.

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PYMNTS

NOVEMBER 30, 2020

Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach. Virtual Card Payment Trends. Merchants’ efforts to please shoppers have ushered in a wave of virtual card activity in recent months, Knutson said.

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PYMNTS

JANUARY 9, 2020

Edenred is acquiring Mint ’s payroll card portfolio to bolster its leadership in the United Arab Emirates (UAE), Edenred announced Thursday (Jan. Mint is the second-largest company handling pay distribution and management for under- or unbanked UAE workers. Edenred’s operations focused mainly on Dubai.

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PYMNTS

FEBRUARY 4, 2020

Leavitt, founder and CEO of Boost Payment Solutions , this is among the largest priorities for today’s accounts receivable departments, and commercial cards are stepping up to meet that demand. One of the biggest advantages of the card rails is that you are virtually unlimited as to how much data you can pass with that transaction.”.

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Cards Data System Payments 153

PYMNTS

SEPTEMBER 30, 2019

Less than a year after launching its corporate virtual card solutions, Australia-based DiviPay has announced new funding from the venture capital arm of ANZ Bank. “What we found was it was very difficult for small businesses in Australia to get access to corporate cards,” Kniaz said. 28) said the VC unit, ANZi, led a $1.56

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PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. There are two key aspects to the firm’s effort in reducing virtual card acceptance friction.

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PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

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PYMNTS

OCTOBER 22, 2018

The INVEX credit card business said on Monday (Oct. 22) that it has linked with Ondot , which focuses on mobile payments, to deliver what is being billed as the first instant digital credit card in Mexico. They can use the digital card instantly for online commerce and manage the card using mobile devices.

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PYMNTS

DECEMBER 30, 2019

In an interview with Karen Webster, Farhan Ahmad, founder and CEO at B2B payments solution provider Bento for Business , took note of the fact that half of all small to medium-sized businesses (SMBs) cite cash flow management as their biggest challenge. This is no isolated case. With Visibility Comes Discipline. Visibility begets control.

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