Issuing/Originating

The foundational technology for contactless credit cards has existed for some time, but we haven’t seen them adopted en masse yet, at least not Stateside. Much of that reluctance has to do with perceived obstacles or assumptions—perceptions that may or may not be entirely accurate. Following are objective responses to …

Millennials don’t care for or trust the traditional advertising tactics that have been a staple of the payments industry for eons—84% say they don’t like them at all. For consumer-facing brands, the implications of these findings are quite significant—particularly since cultivating and rewarding customer loyalty is a foundational marketing element. …

Now that the Federal Reserve-sponsored Faster Payments Task Force has issued its final report calling for speedier payments everywhere in the United States by 2020, the really hard work can now begin, say some observers. Payments cleared and settled in near real time has long been a goal of many …

Prepaid card specialist Green Dot Corp. has agreed to buy rival UniRush LLC in a deal valued at a minimum of $147 million and expected to close by the end of March. Pasadena, Calif.-based Green Dot, perhaps best known for managing Wal-Mart Stores Inc.’s MoneyCard operation, said the deal will …

Fourth-quarter profits and U.S. charge volume declined while marketing expenses increased for American Express Co. as the company continued to dig its way out of the hole left last year by the termination of its U.S. cobranding and acceptance pact with Costco Wholesale Corp. New York City-based AmEx reported Thursday …

Visa Inc. and MasterCard Inc. have been tokenizing their payment cards since 2014, but have not been able to access tokens for cards branded by the other network. That will change soon as the result of an agreement announced separately Thursday by Visa and MasterCard. Under the agreement, Visa will be able …

By Jim Daly@DTPaymentNews Can First Data Corp. shake its reputation as the aircraft carrier of the payments industry, a behemoth processor that is anything but nimble? It can, according to a new report from a securities firm. “First Data becoming increasingly competitive,” says the headline in the report by Chicago-based …

By Jim Daly@DTPaymentNews Payment card manufacturer CPI Card Group Inc. rode the EMV chip card wave over much of the past two years, but slowing sales in the third quarter took a big bite out of its revenues and profits. “Our third-quarter results were below expectations, primarily due to continued …

By Kevin Woodward@DTPaymentNews Card controls, a way to empower consumers to control when and where their credit and debit cards are used, are evolving. Viewed as one way to contend with the rampant data breaches fueling payment fraud, card controls are moving beyond the simple on-off switching capability of the …

By John Stewart @DTPaymentNews With consumers spending more and more time on retailers’ shopping apps, it was only a matter of time before merchants with proprietary charge card programs began offering a digitized version of those cards within their apps. On Monday, that time arrived as store card processor Synchrony …