On The Web

nbsp;

Tech

Mastercard and Evolve Bank & Trust Help Hourly and Gig Workers Get Early Access to Wages

July 10 2019

• in
• Card technology

“People who support themselves and their families with incomes from gig and hourly work often have to stitch together earnings from various sources to pay bills, budget for savings and manage financial emergencies. Mastercard today announced that it is using Mastercard Send , the company’s push payment solution to enable pay advances and blend stability […]

nbsp;

Companies

Square sellers no longer need signatures for card payments

August 16 2018

• in
• Card technology
• Square

“The process uses a new “dip transaction flow” that prioritizes the parts of a transaction that are critical to security, which means less time standing in line, waiting for your card info to churn through to the issuer. More pertinently, though, Square sellers in the US and Canada can now skip collecting signatures on all […]

nbsp;

Global

State Bank of India and Hitachi join forces for cards and paytech venture

October 29 2018

• in
• Card technology
• India

“State Bank of India (SBI) and Hitachi Payments (Hitachi’s subsidiary in India) have signed a definitive agreement to enter into a joint venture to build “a state-of-the-art card acceptance and future ready digital payments platform for India”, according to the two parties.”

nbsp;

Tech

Inside the Apple Card: Mastercard’s ‘digital First, Physical Optional’ Platform

May 28 2019

• in
• Card technology

“The Apple Card takes a more aggressively digital approach to credit card relationships than most other products on the market — but the technology behind it isn’t exclusive to Apple. Following about 18 months of secretive development with Apple and Goldman Sachs, Mastercard is ready to bring the same offering to other issuers. Its platform […]

nbsp;

Tech

Dynamics’ high-tech card picks up bank support in Japan

August 14 2018

• in
• Card technology
• Chip cards
• Contactless

“The interactive payment card market has had a tough time gaining traction, but it’s getting a boost as GMO Aozora Net Bank plans to launch Dynamics Inc.’s battery-powered interactive debit and cash card to its customers next year. The new Visa card features a touch sensitive keypad and digital display as well as magnetic strip, contact […]

nbsp;

Global

Starting In December, All Businesses Must Accept Plastic

August 21 2018

• in
• Card technology
• Costa Rica

“The El Financiero reports that despite in a few months begins the obligation to accept payments by credit or debit card, as well as any other electronic mechanism, in addition to cash, businesses seem to be far from complying with the measure. The change will affect any business for profit, either on physical or legal, that only accepts […]

On The Wires

nbsp;

Deals

Ondot Announces Investment from Citi Ventures to Power Enriched Transactions

October 24 2018

• in
• Card technology

“Ondot Systems, the global leader in mobile payments services, today announced that it has secured a strategic funding investment from Citi Ventures. Ondot works directly with financial institutions to give consumers increased control over and visibility into their personal payment transactions.”

nbsp;

Tech

New NatWest Debit Cards Now Accessible for All Customers

June 4 2019

• in
• Card technology

“The new design helps customers easily and quickly identify the correct way a card should be inserted into a cash machine. The flat design also makes it easier to fit into a wallet or purses and helps to increase the lifespan of the card. The larger card lettering helps make it easier for customers to […]

nbsp;

Tech

Visa and Postmates Deliver “Instant Deposits” to Postmates’ Fleet via Stripe Instant Payouts

October 3 2018

• in
• Card technology

“Today, Visa announced an agreement with Postmates, the nation’s largest on-demand delivery network, to enable real-time2 funds disbursement to their entire fleet. This new feature, called Postmates “Instant Deposits,” is facilitated by Stripe’s Instant Payouts feature, running on Visa Direct, Visa’s real-time push payments platform, and is now live and available to the Postmates fleet of […]

nbsp;

Tech

WEX Partners with Troovo for Robotic Process Automation of Virtual Card Generation

September 10 2018

• in
• Card technology

“Troovo has developed intelligent Robotic Process Automation (RPA) solutions that enable industries such as travel, payment, and procurement to fully automate their workflows and processes. As these businesses typically transact across borders and process high volumes of data, RPA solutions are optimal to improve operational efficiencies, boost capabilities, and reduce processing costs.”