Payment cards

The financial services industry has plenty of tasks, such as card issuance, that can benefit from the automation that artificial intelligence brings, writes Jie Wu, a director at GoodData.

Given the competitive nature of the current marketplace and the low probability that interchange rates will actually go up, issuers and processors need to continually evaluate their infrastructure, writes Steve Gilde, director of global product marketing for Paragon Application Systems.

Visa for years has used its sponsorship of the Super Bowl to promote contactless and mobile payments, but it hasn’t squeezed cash out of the event yet.

The New York based Petal uses machine learning to optimize the limited financial data available for low-information consumer groups and millennials, who often turn to installment loans from companies such as Affirm, Klarna and PayPal Credit.

Florida’s Tropicana Field has eliminated cash from all concessions, ticket sales and parking, requiring Tampa Bay’s baseball fans to pay with credit, debit or gift cards at terminals that are also equipped with NFC for mobile and contactless payments.

Those of us who have found ourselves in roles as stewards of the public trust in this sector are finding agreement in a variety of protocols that bridge even the stodgiest savings account with the coolest app-based e-wallet, writes Bryan Woods, president of Spend Inc.

Younger consumers today have a very different view of, and utility for, general purpose bank and private label retail credit cards when compared to older generations.

FIS is collaborating with loyalty marketing firm Excentus to extend FIS’s consumer loyalty program to 13,400 U.S. Shell fuel stations.

Marriott International Inc. said it’s investigating a hack of the guest reservation database at its Starwood unit that may be one of the biggest such breaches in corporate history. Marriott shares slumped 5.6 percent in pre-market trading.

From Gen Z to baby boomers, a new study reveals credit union members are more likely pull out their plastic at the point of sale than any other payment method.

China has been promising openness to outside payment companies for more than a decade. So far it hasn’t delivered, according to Eric Grover, a principal at Intrepid Ventures.

Readers sound off on the 2018 midterm election results, OCC's Otting defending his agency's right to charter fintechs, and predictions the plastic credit card is nearly dead.

The suit is tied to Walmart's decision to shift its credit card business to Capital One.

Readers respond to an FTC settlement with SoFi, weigh calls to simplify Wells Fargo, consider crypto's revolving door and more.

Despite improvements in the proportion of consumers without a bank account, there is still work to do to bring more Americans into the banking system, argues FDIC Chairman Jelena McWilliams.

Mastercard is making the first move among the card networks, again, on moving away from the signature requirement — completely removing the space for a signature from its cards.

Twilio has secured the services of Stripe as a launch partner to enable businesses to accept payments over the phone through their existing Stripe account. The companies plan to offer Twilio Pay in early 2019.

The three credit unions from Connecticut will receive a variety of services from the credit union service organization, including bill pay.

Consumers who own multiple cards often use them as budgeting tools — a credit card for entertainment, a prepaid card for groceries, etc. — but that method typically can't be applied to any purchases that are paid in installments.