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Systems

Card Payments Double in Ten Years in Euro Area

October 1 2019

• in
• Cards

“The number of card payments made by consumers and businesses in the euro area has increased by more than two-fold during the last ten years, reveals a report by the European Central Bank. As per the statistics, an average of 121 card payments per capita was recorded last year, versus 56 in 2008. Despite a rise […]

On The Web

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Systems

The spy in your wallet: Credit cards have a privacy problem

August 26 2019

• in
• Cards
• Privacy

“Despite a federal privacy law covering cards, I found that six types of businesses could mine and share elements of my purchase, multiplied untold times by other companies they might have passed it to. Credit cards are a spy in your wallet — and it’s time that we add privacy, alongside rewards and rates, to […]

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Systems

Zerocard Aims to Reduce Overspending With “Debit-style” Credit Card and Rewards

August 1 2019

• in
• Cards

“Fin-tech company Zero announced on Tuesday, July 30, the public release of Zerocard, a credit card providing a “debit-style experience” issued by WebBank and backed by Mastercard. Zerocard aims to be an alternative to credit cards from big banks that make money off cardholders who fall into debt.   Zerocard is a credit card, but […]

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Companies

Apple and Goldman Sachs Credit Card Targeting August Launch Date

July 26 2019

• in
• Apple
• Cards
• Goldman Sachs

“Apple and Goldman Sachs ’s hotly anticipated new credit card is now just weeks away from launch, according to a person familiar with the companies. The release will be the culmination of an intense, high-stakes development process for the Silicon Valley giant and the Wall Street stalwart.  The Apple Card is targeted to launch as early […]

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Companies

TransferWise Launches Debit Card in the U.S. With Access to 40 Currencies

June 26 2019

• in
• Cards
• TransferWise

“Money transfer service TransferWise , coming off of a banner year in which annual revenue grew to $149.12 million (£117 million) from $84.1 million (£66 million) in 2017, this week rolled out a MasterCard debit card and an accompanying multicurrency account — TransferWise Borderless — in the United States. Much like the card TransferWise introduced […]

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Systems

Japanese Government Offers Discounts to Consumers Making Cashless Payments With Cards and Mobile Phones

October 3 2019

• in
• Cards

“Japan’s Ministry of Economy, Trade and Industry (METI) has launched a major initiative designed to persuade consumers to move away from paying in cash, by providing a rebate whenever they use a card or mobile phone to make a purchase at any of 500,000 merchants across the country. The launch of the Cashless project has […]

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Systems

Exclusive: U.S. Helps Mastercard, Visa Score Victory in Indonesia in Global Lobbying Effort

October 4 2019

• in
• Cards

“The change will allow the U.S. companies to process credit card transactions without having to partner with a local company in Indonesia, the sources said. Indonesia’s decision represented a major lobbying victory for U.S. payment companies in efforts to beat back a host of new regulations in Asia and elsewhere around data storage or the […]

On The Wires

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Systems

Continued growth in China cements UnionPay as the world’s largest card scheme

November 5 2019

• in
• Cards
• Cash

“The largest scheme worldwide is UnionPay, which accounted for 45% of cards in circulation at the end of 2018, up one percentage point on the previous year. RBR shows that the scheme’s large share, and its growth in the last year, are both heavily reliant on its home market of China. Customers in China are […]

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Companies

Visa Launches New Infinite Business Card Portfolio for SMBs

October 23 2019

• in
• Cards
• Visa

“In support of growing small businesses (SMBs) across the globe, Visa (NYSE:V) today announced Visa Infinite Business, the expansion of its business card product suite in the United States. Complementing Visa’s Signature Business and Business card products, Visa Infinite Business will provide high-spend SMBs in the U.S. with a rich set of protection, travel and […]

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Systems

Visa Statement on Tencent’s Intent to Support International Card Schemes Into Mobile Wallet

November 5 2019

• in
• Cards

““Visa believes this is a great step forward, both for consumers travelling to China and the overall payments industry. In a truly global commerce environment, collaboration is essential to provide consumers with a seamless payments experience. Visa is excited to work with Tencent, one of China’s leading fintech companies, on a secure, convenient and interoperable […]