DOWNLOAD INFOGRAPHIC The consumer credit card market is poised to see metal cards become the new sensation, with metal programs offering financial institutions the opportunity to win high value cardholders and fuel business growth. The rising popularity of metal cards has understandably created an eagerness among financial institutions to capitalize on the surging consumer demand…
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Visa CEO Alfred Kelly is less publically adversarial toward market rival PayPal than his predecessor Charlie Scharf, even as Visa’s push for a “single button” for online payments seems to undermine PayPal’s business model. Visa’s 2016 deal with PayPal has boosted Visa‘s financial performance, and Kelly praised several other partnerships with PayPal that “remove friction”…
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October 2008: The global financial crisis led major banks to make acquisitions in an effort to shore up deposits and stave off systemic collapse. Wells Fargo aquired Wachovia; Bank of America acquired Merrill Lynch and Countrywide; J.P. Morgan acquired Bear Stearns and Washington Mutual. In addition, some floundering banks were sold off in pieces post-crash, creating…
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The information you need to start your day, from PaymentsSource and around the Web: Interac exports debit tech to the Middle East Interac, Canada’s national debit network, has been shopping its digital payments technology outside of Canada, and won a contract with Mint, a payments technology company in the United Arab Emirates. Interac will license…
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I came to Washington, D.C., from Missouri’s capital city, Jefferson City, in May 2003 to take over as president and CEO of the Independent Community Bankers of America. With my retirement just weeks away, I’ve been reflecting on the biggest changes I’ve seen in my 15 years in Washington, including the rise of technology in…
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DOWNLOAD PDF Abstract A future of contactless is on the horizon for the U.S. and the time is right for issuers to ride the dual interface wave. With an increase in global adoption, issuers can capitalize on potential opportunities including differentiation, top-of-wallet status, incremental transactions, and more. This whitepaper from CPI Card Group Inc. details…
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The AML and financial crime ecosystem continues to evolve at record pace, and while new technologies increase opportunities for risk detection, they also bring new challenges. Building an analytics strategy that can support your risk detection system is the key to decreasing false positives and ensuring that you have accurate risk management. There are key…
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Paysafe, the U.K.-based payments provider serving a concentration of small and midsize merchants in global markets, is buying iPayment Holdings, a processor with a similar focus in the U.S. The move will bring 450 employees in Westlake Village, Calif.-based iPayment’s four U.S. offices and more than 137,000 merchant customers under Paysafe’s umbrella, putting it among…
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The age of open banking is still in its infancy. For years, fintech companies have collected consumers’ bank data when they willingly hand over their bank credentials to use a service. However, only a handful of banks are sharing financial data with third-party developers through a more secure and modern method: application programming interfaces. Some…
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For banks still holding on to longtime problem assets, now might be the time to consider selling. In the aftermath of the financial crisis, banks were saddled with scores of soured loans. But even if institutions were looking to sell these assets, and investors were interested in purchasing them, banks were often constrained by capital…
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