Payments News » Cards

Two Harvard Alums Built A Payment App So People Can Pay For Rent, Tuition, And Even Taxes With A Credit Card

June 22 2018

in
Cards

“If you’re a savvy credit card user who loves to play the rewards game, Plastiq can be a great tool when it comes to racking up points. Travel hacker Keith Rosso purchased a Tesla Model 3 for $58,857 using his Chase Ink Business Preferred card through Plastiq. This move earned him 180,000 Chase rewards points, equal to $1,800 […]

Providers

Penta, The Bank Account For SMEs, Adds Multi-Card Support To Manage Expenses

June 19 2018

“Dubbed ‘Team Access,’ the new feature — which affords similar functionality to the likes of Pleo, Spendesk, and Soldo — lets business owners issue multiple MasterCards to employees who need to make purchases on a company’s behalf. Each card is linked to a business’ Penta account but can have custom rules and permissions per card/employee, in terms of how much money […]

Systems

Brex Picks Up $57M To Build An Easy Credit Card For Startups

June 19 2018

in
Cards

“Startup executives go to Brex’s website, sign up, and then put in their bank account info. They then use that banking information to underwrite the card, with the idea being that the service can see that the start has raised millions of dollars and doesn’t have the kind of wild liability that those banks think […]

Global

Card Payments Dethrone Cash In Australia

June 19 2018

in
Cards
Cash

“Aussie consumers are increasingly embracing the card payments as they made more than 8.3 billion payments using cards in 2017 at a rate of nearly 23 million transactions per day. The revelation was made by the Australian Payments Network (AusPayNet) in its recently published report ‘Digital Economy’. Highlighting the popularity of card payments among Australian […]

Providers

Supreme Court Rules For American Express In Credit Card Case

June 25 2018

“Under their contracts, merchants who accept American Express generally can’t encourage customers to use other credit cards, even though they charge merchants lower fees. The federal government and a group of states sued over those so-called “anti-steering” provisions, arguing that they violate federal law. But on Monday the high court ruled 5-4 in favor of […]

Companies

Venmo Officially Launches Its Own Mastercard-branded Debit Card

June 25 2018

“Venmo today is officially introducing its own debit card in partnership with Mastercard, following beta tests of a Visa-branded debit card last year. The new card will allow Venmo users to pay anywhere Mastercard is accepted in the U.S., and will record transactions to the user’s Venmo account for easy splitting with friends. It can also […]

Systems

Bento For Business Raises $9m Funding

June 29 2018

in
APIs
Cards

“Bento for Business provides SME owners with a card-based digital spending management solution that enables employers to prevent unauthorised expenditures by controlling when, where, and how much their employees spend at the point of sale. The platform stops unapproved business spend before the purchase, saving time and money on returns and cancellations. The technology also […]

Companies

Walmart Said To Weigh Bids From Capital One, Synchrony For Its Credit-Card Business

July 12 2018

“Walmart has narrowed the competition for its credit card business to bids from two lenders, Capital One and its current card partner Synchrony Financial, according to a report by Bloomberg on Thursday. The retail giant wants its credit card partner to support its aspirations for Walmart Pay, with a substantial part of that being an expansion in its offering of mobile […]

Companies

Mastercard Is In Talks With UK Banks About Launching Cards With Fingerprint Scanners

July 9 2018

“Mastercard is holding talks with banks in the U.K. about bringing biometric payment cards to market. The credit card firm has been testing cards with in-built fingerprint scanners, which are used to verify customers’ identities. This is intended to replace the use of passwords and speed-up the process of making payments online and contactless transactions in-store.”

Companies

American Express To Launch New Amazon Cobrand Card To Enhance How Small Businesses Buy

June 26 2018

“American Express today announced plans to launch a new cobranded Amazon credit card for small businesses in the U.S. The new cobranded card will enhance the way small businesses buy goods and services across Amazon, and is part of a larger multi-year partnership. This partnership also includes an enhanced data solution that gives businesses in […]