Payment cards

Payment professionals expect physical cards to stick around for the foreseeable future, even as mobile wallets gain traction.

Bank of America, Citigroup, HSBC and others are increasingly using sustainable and recycled materials for manufacturing

Visa, Mastercard, SAP, Circle and many other financial firms are launching digital card accounts with an emphasis on B2B clients.

A handful of snafus, some a decade old, shouldn’t tar an entire line of payment products that are a lifeline for many consumers and have helped millions of Americans access and manage their finances during the COVID-19 pandemic.

The Federal Reserve's decision to reexamine the Durbin amendment's Regulation II raises a host of concerns for banks and credit unions over the processing of purchases made online.

A growing number of companies like Klarna, Sezzle and Circle let consumers split large purchases into smaller transactions paid over time. But they say they need to offer more than one product to set themselves apart and build customer loyalty.

Banks may need to be more selective about how they issue plastic, so that cards remain available to those customers who need them most.

I2c and Unifimoney change incentives to fit market conditions, rather than focusing primarily on boosting consumer spending.

In a potentially good sign for credit unions, last week credit card spending reached its highest point since the start of the coronavirus pandemic, according to data from PSCU.