Payment cards

It is often difficult to imagine how something will disrupt an industry because it may seem that the industry is already functioning with no problems. But there are inefficiencies that may not be apparent, writes Mariam Nishanian, a representative for Dentacoin.

The U.S. and Canada are far behind Europe and Asia in contactless adoption in general. A handful of mass transit agencies are stirring hopes about NFC fare payments, but even these cities are taking a cautious approach to open-loop payments.

The store-branded credit card issuer reported that more borrowers fell behind on their payments in the third quarter. Still, net earnings were stronger than expected.

UL Transaction Security has teamed up with Zurich-based payment software engineering firm Abrantix to create a robot to automate the typically tedious, manual process of payment terminal testing.

In a surprise move, the Supreme Court will decide whether Amex may bar merchants from steering customers to less expensive card networks. The card issuer will have to prove the consumer gain from its practices outweighs the merchant pain.

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.

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.

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

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 losing a bidding war to issue Costco Wholesale Corp.’s credit cards and failing to renew its partnership with JetBlue Airways Corp. in 2015, Amex has worked to increase spending on its existing co-brand arrangements

DipJar’s mission when it launched in 2012 was to provide a simple, secure device for consumers with no cash in their pockets to leave a small tip for cashiers through a computerized tip jar. The company quickly learned that consumers wanted to be more generous.

Synchrony completed its spinoff in 2015 from General Electric Co., a company that Warren Buffett helped prop up during the financial crisis.

Barry Rodrigues most recently was head of digital payments for Citigroup.

A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card.

The ruling could limit the U.K. as a venue consumer class-action suits.

Visa has extended partnerships with PayPal in the U.S. and Asia to Europe to encourage digital payments. The strategy has helped boost the card network's earnings.

Payments technology provider Cardtek and partner Axis Bank have launched a national open-loop payment system featuring a contactless card for public transportation and other purchases in India.

U.S. retailers have been shutting stores at a record pace as shoppers opt to make more purchases online.

Other digital payment companies have not had success with plastic cards. But the lack of expense and potential adoption create an opportunity for Square and Venmo.

How two CUs of differing asset sizes brought card processing in-house to boost efficiencies and reduce costs.