On The Web

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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 […]

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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 […]

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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.”

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Regulation

India Requires Banks to Let Cardholders Opt in to Contactless Payments

January 22 2020

• in
• Card technology

“Card issuers in India are to be required to ship all new cards to customers with contactless functionality switched off by default — and also provide cardholders with a range of easy ways to toggle their card’s contactless support on or off. The new requirement will come into effect from 16 March 2020 and also […]

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Tech

Cornèr Banca Issues Biometric Payment Card

November 26 2019

• in
• Card technology

“Swiss bank Cornèr Banca has launched a biometric payment card that lets customers make contactless payments without being restricted to the usual CHF40 (US$40) contactless transaction limit. The new Cornèrcard Biometric Gold Visa credit card is being made available as a limited edition of 100 cards and carries a one-time membership fee of CHF300 (US$300) […]

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Tech

Deutsche Bank Issues Dynamic CVV Cards in Spain

January 6 2020

• in
• Card technology

“Customers of Deutsche Bank in Spain can now apply for a card that replaces the traditional, printed CVV number with a small screen integrated into the back of the card that displays a new CVV every four hours. The dynamic CVV technology used in the cards “makes it possible to increase security, especially when shopping […]

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Tech

Once a Tool of the Elite, Metal Credit Cards Now Turn Up Everywhere

December 5 2019

• in
• Card technology

“Like other luxuries once restricted to the wealthy—cellphones, private airport lounges and French handbags—metal credit cards have trickled down the income stream. Capital One Financial Corp. and other banks have added metal to some of their credit cards with the idea that the hefty feel makes customers feel special and maybe spend more. Customers typically […]

On The Wires

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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 […]

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Tech

Grab Launches Asia’s First Numberless Card

December 5 2019

• in
• Card technology

“Grab, Southeast Asia’s leading everyday super app today announced the launch of GrabPay Card, Asia’s first numberless card that offers users unparalleled card security, access to an expanded rewards ecosystem and hassle-free Grab payments integration in order to bring cashless convenience to millions in Southeast Asia.”

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Tech

American Express Expands Virtual Card Footprint With Coupa Pay Integration

November 6 2019

• in
• Card technology

“Today, American Express and Coupa announced the availability of the American Express virtual Card as a payment option within Coupa’s leading business spend management (BSM) platform. The new payment integration with Coupa Pay, a set of payment and financial solutions within the Coupa BSM platform, is expected to first be available to American Express Corporate […]