Cards

Visa, Mountain America Credit Union and Fingerprints AB were thrilled with their biometric card test, but also faced the grim realization that real world infrastructure may not be as accommodating.

Just as Green Dot leveraged partnerships with the likes of Uber and Apple to expand its reach, Netspend also is looking to its retail partners including Kroger, CVS and Kohl’s for new digital payment use cases.

It's a testament to Piepszak's ability to get things done that the bank picked her last year to run one of its most consequential business lines.

Regional banks are in a much better position to offer a more flexible customer-centric proposition and better service to mid-market corporate and small business players than national issuers, according to Henry Pooley, chief commercial officer at Fraedom.

The payments, which total more than $10 million, stem from a 2017 settlement with the Federal Trade Commission. The agency charged that NetSpend deceived consumers by advertising that they could get immediate access to their funds.

Uber’s corporate existence has jumped from one PR crisis to another, but the company has always been lauded for how seamlessly it handles payments. Until now.

SynapseFI is engineering banking to work as digital parts that connect so easily an amateur developer could potentially build a functioning bank.

Each major disaster is a real-world testing ground for payments technology, but it can also be a stark reminder of the limits of these advancements.

Highlights and insights from the Cornerstone Credit Union League's annual leadership conference in San Antonio.

While the card networks have greatly benefited by the global boom in e-commerce, they are confronted with the corresponding growth in digital advertising. This will increasingly lead them to seek out data-sharing deals like Mastercard's reported arrangement with Google, which could prove vital to the networks' future survival.

Uber’s latest app update adds a stored-value account that incentivises riders to dive deeper into the Uber ecosystem — and away from their bank or mobile wallet provider.

Payments CUSO said it converted a ‘record number’ of credit, debit accounts in 4 months.

When Chris Winship, partner of FTV Capital, paid $35 million in private equity funds for a slice of the digital gift card player Tango Card in May 2018, he did so with the expectation that he would quickly find a buyer.

The Texas bank, which partners with the U.S. Treasury to dispense federal benefits via prepaid cards, is alleged to have dropped the ball as hundreds of cardholders say their money was forwarded to fraudsters posing as them.

A letter supposedly sent to U.K. bank customers warns that Barclays debit cards could explode. The letter then urges recipients to mail their cards, along with their PIN codes, to an address in Bangalore. But is this really happening?

Debit push payments proved an essential component of the ride-sharing boom, with many drivers opting to pay a fee for immediate funds throughout the day to cover fuel and other expenses. And the technology is finding fans in other niches as well.

ATM jackpotting is a growing threat throughout the United States, with thieves attempting to attack the most vulnerable locations possible, according to Paul Albright, executive vice president of Outsource ATM.

Even as the payments landscape has become increasingly complicated and convoluted over the past several years, many industry players have not kept pace with their payments testing methods or tools, writes Steve Gilde, director of global product marketing for Paragon Application Systems.

One expert says the U.S. lags behind other countries, but changes are coming soon – and fast.

Texas-based digital gift card platform company Swych has launched a gift card service for instant cross-border gifting to India following its recent acquisition of GiftCardsIndia.