On The Web

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Systems

Portrait Bank Cards Are A Thing Now

July 30 2018

• in
• Cards

“Consider the ways you use your bank card on an everyday basis, whether handing it over to a cashier, swiping it to make contactless payments, or inserting it into an ATM. How are you holding the card as you do all those things? Vertically, I’m willing to bet, or in portrait orientation, to borrow a […]

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Companies

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

July 12 2018

• in
• Cards
• Synchrony Financial
• Walmart

“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 […]

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Global

Hong Kong blockchain start-up rolls out Asia’s first cryptocurrency Visa debit card to take on credit cards

September 6 2018

• in
• Cards
• Cryptocurrencies
• Hong Kong

“The Crypto.com debit card will be linked to wallets for both fiat money and cryptocurrency, which will allow users to spend their cryptocurrencies after converting these into fiat money. The company supports five cryptocurrencies – bitcoin, litecoin, ethereum, MCO and Binance Coin – and these can be converted into seven fiat currencies, including the Singapore […]

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Companies

Kroger Weighs Widening Unit’s Planned Ban On Visa Credit Cards

July 30 2018

• in
• Cards
• Visa

“The spat is the latest battle over the $90 billion that U.S. merchants pay each year in swipe fees. Major retailers have long looked for ways to cut down on such charges, including by lobbying lawmakers to lower the rates and through technology upgrades that avoid Visa Inc. and Mastercard Inc. entirely. A burgeoning group of financial-technology […]

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Market Reports

Millennials Not So Keen About Credit Cards

August 3 2018

• in
• Cards

“People age 29 and younger are 93 percent more likely to have a negative opinion of credit cards than people age 59 and older, according to new research from Wallet Hub. One completely unsurprising reason for these contrasting points of view is that “younger people are having more trouble managing their credit card debt,” Lucia […]

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Systems

Paying by card? You’re less likely to remember the amount spent

August 16 2018

• in
• Cards
• Cash

““We were able to show that individuals who pay by card have a less accurate recall of the amount paid than individuals who settle their bill with cash”, the authors summarise, who say that the results are relevant for the financial wellbeing of everyone. “A precise recollection of past spending has an effect on the […]

On The Wires

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Companies

BofA Merrill Launches Mobile App For Commercial Prepaid Card

July 23 2018

• in
• Bank of America
• Cards
• Mobile apps

“Bank of America Merrill Lynch, a leader in Global Commercial Card solutions, today announced that it has launched a mobile application for cardholders of prepaid cards. The app launch demonstrates the bank’s commitment to making the lives of our clients and their cardholders easier by bringing new, digital capabilities to corporate and government clients and […]

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Companies

Visa and WEX Team Up To Offer Choice And Versatility To Commercial Payments Customers

July 25 2018

• in
• B2B
• Cards
• Visa

“Visa Inc. and WEX Inc., a leading provider of corporate payment solutions, today announced a new relationship, uniting two of the world’s biggest commercial B2B payment solutions. As part of this arrangement, WEX and their corporate payment customers have the ability to use a Visa virtual credit card to enable global business-to-business (B2B) payments, thereby […]

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Companies

Discover Adds Freeze ItSM Feature, Auto Cash Back Redemption to Savings and New Debit Card Design to Discover Cashback Debit Accounts

August 8 2018

• in
• Cards
• Discover

“Discover is introducing more features and debuting a new debit card design for the Discover Cashback Debit product. Customers of Discover Cashback Debit, previously known as Discover Cashback Checking, will now be able to temporarily freeze their debit card, automatically transfer their earned cash back to their eligible savings account and pay using a stylish […]

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Companies

Visa And MoneyGram Team Up To Simplify Overseas Money Transfers

July 24 2018

• in
• Cards
• Cross-border payments
• Real-Time Payments
• Visa

“Visa Direct allows companies to leverage Visa’s global reach and scale to transform domestic and cross-border payments for businesses and consumers. The agreement with MoneyGram is the first cross-border use case for Visa Direct transactions originating in the U.S. The initial phase includes two priority corridors (United States to Mexico and United States to Philippines) […]