Cards

Firms often say they’ll increase conversion rates and offer discounts, but the reality is more complicated, contends 2Checkout’s Erich Litch.

After the last two decades of selling prepaid cards and bank accounts direct to consumers, Green Dot has increasingly been shifting gears to rent out its payments and banking infrastructure to nonbanks who want to offer cards and banking services to their users.

American Express is integrating its virtual cards with Coupa Pay's corporate business spending platform for clients in the U.K and Australia by the end of 2019, with plans to extend the service in the U.S. in mid-2020.

Apple CEO Tim Cook has called Apple Card the "most successful launch of a credit card in the United States ever." If that's true, the company is banking on it to jolt lagging iPhone sales by adding an installment payment option.

In launching a new international account for its business clients, Starling Bank is converting the bank's debit card to support payments in either pounds or euros.

The restriction on how often a borrower’s account is debited was supposed to be relatively straightforward, but one lender is trying to fight that provision.

The two companies agreed to continue to collaborate on a prepaid card program until 2027. The deal holds particular importance for Green Dot, which relies heavily on revenue generated at the discount retail giant.

Card processor i2C Inc. has formed an alliance with Ecard, a prepaid debit card targeting travelers that's accepted on both Discover and China’s UnionPay network.

Uber launched a series of financial services to provide real-time wage payments and enhanced account features in a single app, seemingly putting Uber in the role of a digital bank.

Regulatory bodies are making modifications to disclosure requirements with greater frequency, requiring issuers to spend time and money to make updates across what is often a complex mixture of products, communications and channels, says Messagepoint's Fred Harding.

PSCU also found in its second-annual payments study that Americans were turning to debit cards over credit cards.

Issuers often offer several types of cards, but cling to older methods of communicating with users, contends BelWo's Doug Cox.

Technology companies like Square and Stripe have nimbly captured small-business share from banks that often overlooked the segment. Royal Bank of Canada is trying to respond through a mix of merchant services, tied to the national debit system and incentive marketing.

Payroll advance provider Branch has partnered with Mastercard and Evolve Bank & Trust to offer a debit card that allows hourly workers to instantly access a portion of their earned wages ahead of their periodic paycheck.

Government action and product advancements are giving consumers choice, but misperceptions remain, says the Innovative Payments Association's Brian Tate.

Intuit has partnered with Visa to enable QuickBooks users to get faster access to funds through Visa Direct, the network’s debit push payments service.

Following a two-year pilot, several Sri Lanka banks are rolling out co-branded credit and debit cards connecting LankaPay, the local payments network, with Japan’s JCB brand, extending the cards’ reach to any global merchant or ATM that accepts JCB.

Contactless payment transaction volume is soaring in Canada to the point where total credit card transaction volume is edging out debit card transactions for the first time because many consumers are using credit cards to tap and pay.

Transit systems want to use contactless and open payment systems to address ridership declines, an innovative strategy that nonetheless is riddled with pain points due to how transit has traditionally modernized.

Samsung Pay users can use the app to send funds across borders to recipients with a bank account through a new service powered by Travelex.