Payments News

On The Web

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Systems

Capital One Cuts Card Limits Amid U.S. Jobless-Aid Impasse

“Capital One Financial Corp. is cutting borrowing limits on credit cards, reining in its exposure as the U.S. reduces support for millions of unemployed Americans. The adjustments, which the company said it makes from time to time, set off a swift outcry on social media. Some customers have complained in recent days their limits have […]
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Global

Japan facing credit card number shortage as people stay home and shop

“As more and more credit cards are being issued while people in Japan stay home and shop amid the novel coronavirus pandemic, issuing companies are running out of 16-digit combinations for card numbers. The shortage of numbers has emerged against the backdrop of a rise in credit card payments from consumers staying indoors amid the […]
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Systems

Is This The Year You Finally Stop Swiping Your Credit Card?

“In a world where social distancing is the norm, technology that lets you pay in a store without touching the credit-card reader seems a no-brainer. But the burgeoning industry of so-called “contactless” payments is still feeling its way. Even as overall consumer spending volumes plunged over the course of this year, shares in companies such […]
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Systems

Corp card startup Ramp launches expense management software

“Ramp provides both expense software and cards, while many companies have have disparate vendors for each of those services. This allows the loop between spend and expense management for Ramp customers to be pretty tight. The result of the vertical integration allows Ramp customers to save five working days each month, according to the company.”
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On The Wires

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Systems

Plastiq Announces General Availability of Plastiq Accept

“Today, Plastiq , the intelligent payment solutions provider for businesses, announced its card acceptance product, Plastiq Accept is now live and available to the public. Plastiq Accept’s enhanced payment acceptance features help businesses get paid faster and more reliably. Expanded to include capabilities previously only available through traditional and costly credit card acceptance products, Plastiq […]
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Systems

Blackhawk Network Helps California Governor’s Office of Emergency Services Distribute $25M in Stipends to Frontline Healthcare Professionals

“Blackhawk Network has collaborated with the California Governor’s Office of Emergency Services to quickly deliver stipends to healthcare professionals who are on the frontlines of the battle to control the COVID-19 pandemic. The $25M in aid—generously donated by Facebook—was dispersed in the form of 50,000 prepaid cards from Blackhawk’s OmniCard.com portal. The cards can be redeemed online or in […]
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Global

Federal Bank Chooses Fiserv to Support Launch of Their First Independent Credit Card

“Federal Bank, a leading private sector bank in India, has chosen Fiserv, Inc., a leading global provider of payments and financial services technology solutions, to enable the digitization of the bank’s end-to-end card issuance and processing cycle, and support the launch of the Federal Bank credit card. The bank will also outsource associated operational processes […]