Credit Cards

Bank processor Jack Henry & Associates Inc. extended its work with Mastercard Inc. to now offer Mastercard Move, the card brand’s portfolio of money transfer products, through Jack Henry Transfers. This is part of Jack Henry’s previously announced partnership with Moov to enable banks and credit unions to offer digital payment services to consumers …

The Independent Community Bankers of America said its ICBA Payments subsidiary is working with Mastercard Inc. to offer upgraded and enhanced card and payment services for 1,400 community banks. Mastercard will manage all cardholder communication and marketing while ICBA Payments will move its sponsored card programs to Mastercard at no cost and …

Buy now, pay later provider Zip Co. Ltd. is telling users it no longer will allow them to tap credit cards as a funding source. In an email this week, Zip says, “Starting in the next few weeks, you won’t be able to initiate new purchases through Zip using a …

A leading merchant association and a group representing stablecoin interests early Thursday threw their weight behind efforts to bring stablecoins into the payments mainstream in the United States. The move by the Merchant Payments Coalition and the Payment Choice Coalition seeks to “promote their shared goals of enhancing innovation, competition, …

The Electronic Payments Coalition has launched the latest salvo in its offensive against legislation seeking to regulate credit card interchange. This time the thrust takes aim at federal and state legislative efforts. At the federal level, EPC executive chairman Richard Hunt said during a press conference late Wednesday morning the …

American Express Co. has acquired software developer Center. Terms of the deal, announced late Thursday, were not disclosed. The acquisition is expected to close in the second quarter. The deal will provide AmEx’s corporate and small-business cardholders with an integrated expense-management platform that delivers real-time visibility into all employee spending, …

Ten years ago, the U.S. payment card market made its shift to EMV chip cards, and along with that the industry prepared for more contactless payments. That work by issuers and card brands appears to have paid off because 92% of consumers are now familiar with NFC, the technology that …

Stripe Inc. has doubled its office space in Chicago, leasing more than 44,000 additional square feet on the fifth floor of a building in the city’s River North neighborhood and bringing its total space to about 89,000 square feet, according to Crain’s Chicago Business. Business-technology provider Globant announced it has developed systems for …

Compliance services provider LegitScript released a suite of services to help with merchant risk management. Among them is its Xray AI Risk Intelligence platform that can help with scanning merchant Web sites for card network violations, automatically detecting merchant category codes, and matching merchants against LegitScript’s risk intelligence database. Visa Inc. is working …

With expectations growing that the Credit Card Competition Act will soon be reintroduced in Congress, proponents of the bill feel its prospects for passage are better than ever. Helping fuel this optimism is growing bipartisan support for the bill, proponents say. “The Senate Judiciary Committee [hearing in November] showed there …