Payment cards

FIS has added Walgreens as a rewards partner in Premium Payback, its payment card loyalty program for financial institutions using its banking services platform.

Michael Moeser, senior analyst at PaymentsSource, talks to Christian Fredrikson, CEO of Fingerprint Cards, about the ways biometric authentication has been adopted during the coronavirus pandemic.

The $3.1 billion-asset institution's product will not carry any fees and offers a variable APR.

Financial Software and Systems is upgrading the card management technology for Everlink Payment Services in Canada, converting the legacy card issuing and transaction processing systems to a single digital platform.

For Marqeta, the advancement of 3D Secure 2.0 in Europe presented an opportunity to design its own version of the online security protocol in order to claim ownership of the standard and provide more flexibility for its use with customers.

The decentralizing of accounts payable and supply chains is a chance to turn to virtual cards, says Nvoicepay's Kristin Cardinali.

Consumers are reluctant to take on additional debt in the wake of the coronavirus, cutting into credit unions' revenue streams. That could spur more institutions to roll out rewards programs to promote debit card usage.

As part of its effort to teach young adults about economic, social and environmental issues, Flowe is partnering with payments provider SIA Group to expand digital payments and other financial services through its app.

Mastercard is stepping up its involvement with cryptocurrencies by inviting digital payment operators to launch crypto cards through its platform, beginning with U.K.-based Wirex.

More than a dozen large European banks plan to launch a payment system that would rival U.S. payment companies and technology firms, an idea that hasn’t worked in the past but may have a better chance given the current global health, economic and political crises.