Cards

Using an automated solution to process virtual card payments is the first step in overcoming the challenges of this payment technology, writes Ed Jordan, CFO of Billtrust.

ADP has purchased Global Cash Card, provider of electronic payments services, to consolidate operations in the payroll card industry.

Like all major and some tier-two U.S. payment processors, TSYS wants to participate in less competitive and higher growth markets overseas to sustain long-term growth, writes Eric Grover, a principal at Intrepid Ventures.

The desperation in Puerto Rico for life's essentials — food, gas, water and electricity — in the wake of Hurricane Maria illustrates the need for payments providers to move as quickly as possible to get the U.S. territory in a position to reinstate some semblance of modern commerce.

The explosion of interest in digital assets this year, and the multiplying of their market value, are making cryptocurrency debit cards newly attractive. Banks could partner with intermediaries or issue the cards directly, but obstacles remain before that day can arrive.

A form of digital money known as Monaco gained as much as 695 percent in value since May 17, when its issuing company tweeted that it would offer a Visa Inc.-branded payment card.

Card fraud is declining, making smaller merchants and other chip card laggards even larger targets, writes Allen Friedman, director of payment solutions at Ingenico Group, North America.

First Data Corp. is joining in the movement to provide speedy payments to participants in the gig economy of independent contractors by rolling out a debit-powered disbursement product.

Hawk Incentives, Blackhawk Network’s incentive card division, now enables Mastercard prepaid cards distributed in promotions and incentives to be added to third-party mobile wallets like Apple Pay, Android Pay and Samsung Pay.

Over time, alternative forms of payment will become more of the norm, according to U.S. consumers' predictions.

Diane Offereins manages relationships with 1,000 merchants and 3,300 financial institutions.

The company has used word of mouth for its marketing, but will use the new funds to reach different channels.

Normally tight-lipped about security moves, bankers tell how they are re-examining their systems for Equifax-like flaws and providing new cards, fresh accounts and reassuring advice for anxious customers.

The airline wants to capture more benefits from a program that should be worth more than C$2 billion ($1.6 billion) over 15 years.

After five years of steady growth, U.S. consumers are pulling back on buying all types of prepaid cards — including retail gift cards — due to a combination of economic and consumer shifts.

Rather than waiting one to three days for funds through the Automated Clearing House system, merchants will be able to receive settlement payments straight to their debit cards within minutes through a partnership between Visa and the processor Vantiv.

The CUSO’s business solution aims to help CUs save money on card processing.

Fifth Third's Melissa Stevens targets millennials with new app. Meanwhile, regulators are accused of ignoring millennials. Plus, a Goldman Sachs wealth manager sues for discrimination.

Efforts to cut down on paper checks are one of the most significant factors driving the growth of prepaid cards that are used to pay employees.

As the next step of Nacha's faster payments initiative nears, technology and management adjustments may be required to handle increased overdraft risk.