Tagged: credit cards

September 11, 2023 @ 3:01 pm By Omar Faridi  |  

Although the US Federal Reserve has been increasing interest rates, lenders have also been increasing consumers’ access to credit. Along with opening up a “record” $89 billion in new credit card accounts during the year’s first quarter, banking institutions also boosted spending limits on 18.4… Read More

September 11, 2023 @ 2:33 pm By Omar Faridi  |  

Recently, several reports covered an update from the WSJ regarding “credit card fees.” Unfortunately, the story is wrong, Mastercard (NYSE: MA) claims. According to Mastercard, the reporting relies upon a report “produced by an advisory firm advocating for legislation currently under consideration in Congress.” Mastercard… Read More

September 1, 2023 @ 10:15 am By Omar Faridi  |  

Nexo, the institution for digital assets, is redefining daily crypto transactions by unveiling the world’s first Dual Mode capability featuring both debit and credit. This strategic enhancement will further enrich the capabilities and user experience of the pioneering Nexo Card, released in 2022 in partnership… Read More

August 26, 2023 @ 7:39 pm By Omar Faridi  |  

Maybank introduced the myimpact credit card, in efforts “to empower its customers towards making better sustainable life choices which will impact the next generation.” The credit card, which is “made from bio-sourced polylactic acid, features a ground-breaking initiative deemed first-of-its-kind in the country, provides mechanisms… Read More

August 24, 2023 @ 10:08 pm By Omar Faridi  |  

Mastercard (NYSE:RSKD), a global technology company, is partnering with UAE-founded spend management fintech company Qashio in order “to launch corporate credit cards, while enabling them with virtual issuance capabilities across the region.” The strategic partnership aims “to make the future of expense management cashless, transparent… Read More

August 17, 2023 @ 12:55 pm By Omar Faridi  |  

Corserv, a company that empowers banks and fintechs with payment programs, has partnered with Ohio-based Peoples Bank in order “to implement a credit card program to serve their commercial, small business, nonprofit, local municipalities, and consumer customers.” Peoples Bank is “a $8.8 billion full-service relationship… Read More

August 17, 2023 @ 11:32 am By JD Alois  |  

Credt card debt is now over $1 trillion, having increased by $45 billion from April to June this year. This has led to some concerning as well as interesting trends, according to a report by JD Power. In the Credit Card Satisfaction Survey, results indicate… Read More

August 7, 2023 @ 9:29 pm By Omar Faridi  |  

Mastercard (NYSE: MA) recently announced the introduction of Cardholder Verification Code (CVC)-less online transactions “for its debit and credit cardholders who have tokenized their cards on merchant platforms.” The move aims to “reduce the checkout time and make virtual transactions hassle-free and more secure.” CVC… Read More

July 14, 2023 @ 3:31 pm By Omar Faridi  |  

Card issuing and processing pioneer Enfuce has been chosen by leading Norwegian crypto exchange NBX to issue a Visa®-branded credit card offering Bitcoin cashback on purchases. Powered by Enfuce’s cloud-native issuing platform, the launch of the card is a turning point in the crypto market,… Read More

July 10, 2023 @ 7:01 pm By Omar Faridi  |  

PhonePe announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them with a simple and seamless settlement experience. The device comes preloaded “with the PhonePe POS App and supports transactions through tap/swipe/dip and… Read More

July 7, 2023 @ 9:54 am By Omar Faridi  |  

Merchant Lynx Services, a “top fifty” merchant acquirer, is pleased to announce their acquisition of National Credit Card Processing Group (NCCP) as “part of the company’s strategic expansion.” NCCP Group provides payment acceptance services and technology solutions “to the B2B sector.” Their core verticals “are… Read More

June 30, 2023 @ 6:17 am By Omar Faridi  |  

Texas Capital Bank is on a mission “to harness innovation and help clients thrive. Amid an ongoing transformation in support of those goals, the firm is partnering with Extend to give clients a modern spend management platform with the power of virtual cards – all… Read More

June 23, 2023 @ 9:22 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) has entered into an agreement to acquire San Francisco-based X1 Inc., a platform that “offers a no-fee credit card with rewards on each purchase.” According to Robinhood, this marks “an important step in their journey towards broadening their product offerings and… Read More

June 11, 2023 @ 7:07 am By Omar Faridi  |  

SmartMetric, Inc. reveals that it is getting ready to release its advanced fingerprint biometric activated credit card and that the company’s engineers are now working “on adding embedded AI into the card’s electronics.” Since SmartMetric designed its biometric credit card with a dual processor, it… Read More

June 10, 2023 @ 12:30 pm By Omar Faridi  |  

The Netherlands has recently completed the launch of a contactless transit payments system nationwide, “simplifying access and allowing travelers to tap-in and tap-out with their debit card, credit card or digital wallet.” All public transport across the country – “including trains, buses, metros, and trams… Read More

June 8, 2023 @ 8:37 am By Omar Faridi  |  

After more than a decade of significant investment in mobile apps and websites, many U.S. banks and credit card providers have mastered the basics of digital transaction management and are now turning their attention to more advanced “super tools.” According to a series of recent… Read More

May 29, 2023 @ 3:47 pm By Omar Faridi  |  

Pesto announces the launch of its first product, Pesto Mastercard issued by Continental Bank, the first credit card that enables customers to use valuables as collateral to secure a credit card. Activant Capital, Plural, and others invested in Pesto “to build a solution for Americans that… Read More

May 21, 2023 @ 10:38 pm By Omar Faridi  |  

Splitit (ASX:SPT), the white-label service allowing customers to pay by installments using their existing credit on their payment card, and Atlantic-Pacific Processing Systems NV, Corp. (APPS), a North American payment solutions provider, announced they have partnered to deliver an integrated card-based installment payments solution. The… Read More

May 19, 2023 @ 9:37 am By Omar Faridi  |  

Corserv, a company that empowers banks and fintechs with payment programs, has implemented a credit card program with Pennsylvania-based Meridian Bank in order “to serve their business and commercial customers.” Meridian Bank is “a $2 billion full service commercial bank, founded in 2004 and headquartered… Read More

May 13, 2023 @ 6:07 pm By Omar Faridi  |  

Credit card and financial technology company Petal announced today that it has raised $35 million in new funding and has spun off its B2B-focused data infrastructure and analytics subsidiary, Prism Data. Petal claims that it pioneered “the use of automated cash flow underwriting in consumer… Read More