PaymentsNews

On The Web

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Reports

Millennials Not So Keen About Credit 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

Bento For Business Raises $9m Funding

“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 […]
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Companies

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

“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.”
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Systems

Portrait Bank Cards Are A Thing Now

“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

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

“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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Companies

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

“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 […]

On The Wires

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Companies

Visa And MoneyGram Team Up To Simplify Overseas Money Transfers

“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) […]
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Companies

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

“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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