Payments Source

MAY 19, 2017

Nigeria-based United Bank for Africa (UBA) has introduced a Mastercard debit card available via instant-issue at its branches in Cameroon in a new phase of its push to expand debit usage throughout Africa.

Visa 60

Visa Debit Card Push-to-Card 60

PYMNTS

MARCH 14, 2018

Amazon, the leading eCommerce player, has made a push into the financial market in Mexico, rolling out a debit card this week for the first time ever. According to a report in Reuters, the debit card — called Amazon Rechargeable — is aimed at providing a new way to shop over the Internet.

Debit Card 51

Debit Card Push-to-Card Visa Transactions 51

PYMNTS

SEPTEMBER 17, 2018

When Mastercard launched Send in 2015, the focus was on making it easy to move money quickly between businesses and people using the debit card as the proxy. Send doesn’t just work with Mastercard branded cards, either, Jess Turner, executive vice president of digital payments at Mastercard, told PYMNTS in a recent conversation.

Visa 57

Visa Push-to-Card Debit Card Payments 57

PYMNTS

JUNE 26, 2019

In the United States, money transfer firm TransferWise has launched a Mastercard debit card along with an accompanying TransferWise Borderless multicurrency account. The 40-currency debit card completes the package, so we’re excited to be releasing the card in the U.S.”.

Debit Card 43

Debit Card Push-to-Card Visa Volume 43

PYMNTS

MARCH 26, 2020

In one example, Mastercard has been working with a number of public agencies to get federal benefits to 4.5 million recipients faster through Direct Express, where Comerica Bank acts as the Treasury Department’s financial agent for prepaid debit cards. There also is Mastercard Send for push payments as an alternative to ACH.

Checks 100

Checks Push-to-Card Direct Deposit IRS 100

PYMNTS

AUGUST 22, 2019

The reality is what we call gig workers are now about one-third of the workforce and that is only expected to grow,” Mastercard Executive Vice President Jess Turner told Karen Webster in a recent conversation. “The Today the gig economy drives $1.4 trillion in U.S. Also, the demographics of the segment are changing. Empowering The Worker .

Visa 81

Visa Economy Push-to-Card On-Demand 81

Payments Source

NOVEMBER 30, 2018

Today: Paytm offers enticements to merchants in India; Mastercard pushes development in Poland; Revolut gets regualtory support in Asia; Sinemia adds debit card to movie ticketing. The information you need to start your day, from PaymentsSource and around the Web.

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Push-to-Card Debit Card Visa 63

PYMNTS

JULY 2, 2019

Uber is teaming up with Mastercard and financial institution BBVA to offer a debit card to drivers in Mexico, according to a report by Reuters. . There will be no commissions for using the card, said Carlos Lopez-Moctezuma, head of open banking at BBVA. About half of the country’s population is unbanked. .

Debit Card 43

Debit Card Push-to-Card Visa Credit Cards 43

PYMNTS

DECEMBER 10, 2019

Mastercard is running two transportation-friendly holiday season options for cardholders using tap-and-go payment in New York City, the company announced in a release. . 10) until New Year’s Day, Mastercard will give back $10 a day on yellow or green taxis that have Curb Mobility technology or CMT Group technology systems.

Visa 52

Visa Push-to-Card Debit Card Credit Cards 52

PYMNTS

DECEMBER 10, 2019

Mastercard is running two transportation-friendly holiday season options for cardholders using tap-and-go payment in New York City, the company announced in a release. . 10) until New Year’s Day, Mastercard will give back $10 a day on yellow or green taxis that have Curb Mobility technology or CMT Group technology systems.

Visa 52

Visa Push-to-Card Debit Card Credit Cards 52

PYMNTS

NOVEMBER 1, 2017

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. billion Mastercard and Maestro-branded cards worldwide. ” By The Numbers.

Visa 49

Visa Push-to-Card Same Day ACH Volume 49

PYMNTS

MAY 31, 2018

It’s been three years since Mastercard started its Send offering for card-based push payments. In the tech world, that’s a long time, but in the banking space, things can move a bit more slowly – which means Mastercard Send is still breaking into new use cases beyond its original intent. From P2P to B2B.

P2P 49

P2P Visa B2B Push-to-Card 49

PYMNTS

JULY 29, 2019

Mastercard is expected to report strong revenue growth in its second-quarter earnings, thanks to a continued increase in retail spending and digital transactions, according to analysts. Mastercard is also working to improve its financial services by expanding open banking and digital banking services.

Visa 46

Visa Cross-Border Payments Cross-Border Digital Payments 46

Stax

DECEMBER 6, 2023

In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.

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Consumer Credit Cards Alternative Payment Methods Debit Card 88

PYMNTS

DECEMBER 20, 2016

Mastercard is looking to take a larger share of the B2B payments space in Australia by pushing for companies to pay their suppliers with its products. To do so, the credit card firm announced Monday (Dec. 19) that it will be working with supply chain finance company Octet Finance.

Visa 41

Visa B2B Cross-Border Payments Commercial Card 41

PYMNTS

MARCH 7, 2019

The companies also said PayActiv partners can offer real-time deposits to employees’ accounts via debit card or reloadable prepaid card, using Visa Direct ’s real-time push payments. To that end, Visa and PayActiv have entered an agreement to offer real-time access to wages earned. Want another data point?

Payroll 80

Payroll Push-to-Card Debit Card Economy 80

Stax

APRIL 30, 2024

According to Onbe, 73% of consumers prefer using digital payments like cards and payment apps. TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

PYMNTS

OCTOBER 2, 2020

In an interview with Karen Webster, Jim McCarthy , president at i2c , said that a great digital shift will spur tie-ups of all sorts — from partnerships to outright buyouts — as incumbents seek to move quickly to modernize their tech stacks. to go public. And companies must deliver — or risk being rendered obsolete.

Push-to-Card 110

Push-to-Card Payment APIs and Integration Issuers Payments 110

PYMNTS

JANUARY 8, 2020

As the new year takes shape, the latest test in the push and pull of various stakeholders can be found in India. The stated goal has been to boost digital payments, especially transactions across RuPay cards, which are domestically issued by the National Payments Corporation of India (NPCI). Anticipating The Reaction.

Debit Card 52

Debit Card Push-to-Card Caps Laws 52

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

Clearly Payments

FEBRUARY 14, 2024

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. Amidst this intricate dance of forces, competition reigns supreme, driving innovation and pushing the boundaries of convenience and accessibility.

Payments 104

Payments Value Added Service ISOs BNPL 104

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag. Top Trackers And Reports.

Visa 60

Visa Online and Mobile Banking Push-to-Card Digital Currency 60

The Fintech Times

AUGUST 16, 2024

Ingo Uytdehaage , Co-CEO of Adyen, explained that pushing for a cashless India presents an opportunity for businesses to offer new customer journeys in its rapidly growing e-commerce market. Adyen manages the entire payment flow, including gateway, risk management, and acquiring for its merchants.

Process 64

Process Technology Cross-Border Payments Push-to-Card 64

Stax

SEPTEMBER 24, 2024

In addition, contactless and digital payment options, such as debit and credit cards, only increase the financial burden for businesses like yours. In 2023, card brands in the U.S. While electronic payments have been rising in popularity, you still can’t ignore cash. earned approximately $135.75

Credit Cards 88

Credit Cards Electronic Fund Transfer Act (EFTA) Push-to-Card Debit Card 88

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. No surprise there.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Fintech Times

OCTOBER 3, 2024

One solution to this challenge is using a service like Expend Business ‘ Card Connect, which has seen record up-take. Expend, the expense management software with employee expense cards firm, aims to streamline financial management to improve efficiency. Clients tell us that the choice of card is valuable.

Push-to-Card 59

Push-to-Card Visa Debit Card Reconciliation 59

PYMNTS

JANUARY 21, 2019

The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses. It flew in on Dec. 14, the Friday before the week before Christmas, so you might not have noticed.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

MAY 2, 2019

Beyond the headline numbers, the company showed continued traction with larger sellers across its traditional point-of-sale (POS) products, and in newer offerings spanning debit cards and lending. year over year, spanning peer-to-peer (P2P), Cash Card and Cash for Business transactions. 11, better than the expected $.08.

Volume 56

Volume Debit Card Point-of-Sale (POS) Push-to-Card 56

CB Insights

FEBRUARY 20, 2020

Two of the most recent unicorns are vertical payments processor Flywire , which raised a $120M Series E from Goldman Sachs, Temasek, Tiger Global, and Adage Capital Management in February 2020 at a $1B valuation, and point-of-sale payments startup Pine Labs, which closed a corporate minority round from Mastercard in January 2020 to reach a $1.6B

FinTech 80

FinTech Debit Card Payment APIs and Integration Push-to-Card 80

PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

Law Enforcement 43

Law Enforcement Laws Visa Push-to-Card 43

PYMNTS

NOVEMBER 21, 2017

The B2B payments industry continues its push to break businesses’ habit of using paper checks, but players are divided on what payment rail should take their place. In Karmic Labs’ latest white paper , “Prepaid Expense Cards: Helping Small Businesses Solve Cash Flow Dilemmas,” researchers surveyed U.S. The Case For Prepaid.

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Visa B2B Credit Cards Small Business 43

PYMNTS

MARCH 21, 2019

The good news, TransCard CEO Greg Bloh noted in a recent conversation with Karen Webster and Mastercard EVP of Digital Payments and Labs Jess Turner , is that progress has been visible in recent years. It’s an issue that TransCard is committed to remediating, in partnership with Mastercard Send. Cutting The Clutter Out Of The Process.

Instant Payments 60

Instant Payments Innovation Payments Visa 60

Tearsheet

MARCH 21, 2024

This role is now also extending to shaping financial decisions and taking charge in managing household finances, as shared by Bunita Sawhney, Global Head of Consumer Products and Processing at Mastercard, during her presentation at the Tearsheet Gen Z Symposium held recently in NYC. Go to tearsheet.co/strawberryfrog

Financial Literacy 59

Financial Literacy Debit Card Credit Cards Push-to-Card 59

PYMNTS

JULY 27, 2020

They’ve stood up the right pipes, he said — Visa Direct, Mastercard Send, RTP, Zelle and sometimes PayPal — but when it comes to tying all that together into a consumable deliverable with flexible, on-demand payment options, there remains a big gap. It’s happening either way,” Edwards told Webster. When ‘Instant’ Really Isn’t.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

PYMNTS

JULY 27, 2017

A rise in consumer spending, broad based across several geographies, helped Mastercard beat Street estimates for the second quarter. Total card count stood at 2.4 Within the United States, credit card transactions gained to $196 million from $184 million last year. billion; analysts had seen $1.1 billion, compared with 2.3

Visa 40

Visa Consumer Cross-Border Push-to-Card 40

Stax

JANUARY 31, 2024

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. cards currently in use. So it’s virtually impossible for a business to not accept Visa cards. TL;DR Interchange rates are the fees charged by credit card networks.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

PYMNTS

NOVEMBER 1, 2017

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. billion Mastercard and Maestro-branded cards worldwide. ” By The Numbers.

Push-to-Card 45

Push-to-Card Visa Same Day ACH Volume 45