Month: May 2019

Amex to begin a gradual contactless rollout in July

American Express is following other major issuers in committing to convert its credit card portfolio to contactless as customers’ cards expire. Beginning in July, the New York-based issuer will begin issuing all new and replacement cards in the contactless format, and it will also do so upon request by customers, Amex said in a Friday…
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May 31, 2019 0

6 takeaways from the Global Payments-TSYS merger

The deal will also streamle how payments technology is packaged with other merchant services in the sales process, Woods said. “The other large companies do have components of that but they are also doing mortgage services and many other things that a bank might need,” Woods said. “We are purely a payments technology company.” Stripe…
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May 28, 2019 0

Six Strategic Implications for Today’s Mobile Banking Environment:

Don’t miss another episode of Truth In Data! Click on the red bell in the lower left corner of your screen to receive notifications as soon as the episode publishes. This episode of Truth In Data provided by Mercator Advisory Group’s report – 2018 Digital Banking in the U.S.: From Bricks to Clicks Understanding the balance between…
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May 23, 2019 0

Inside the Apple Card: Mastercard’s ‘digital first, physical optional’ platform

The Apple Card takes a more aggressively digital approach to credit card relationships than most other products on the market — but the technology behind it isn’t exclusive to Apple. Following about 18 months of secretive development with Apple and Goldman Sachs, Mastercard is ready to bring the same offering to other issuers. Its platform…
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May 22, 2019 0

Having Put out 20 Million Contactless Cards So Far, Chase Tackles New York Mass Transit

Two powerful forces for making contactless cards a routine feature of daily life are acceptance by mass-transit systems and backing from the biggest issuers. On Wednesday, that combination came into focus with an announcement from Visa Inc. that starting May 31 users of the 20 million contactless credit cards JPMorgan Chase & Co. has pumped…
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May 22, 2019 0

A New Survey Casts Doubt on the Idea That Contactless Cards Will Trigger More Mobile Payments

Conventional wisdom in the payments business has been that the advent and spread of contactless cards would pave the way for wider use of mobile payments. But research released this week indicates that may not be the case. Indeed, far from serving as the training wheels for mobile payments, new contactless plastic could tempt mobile-phone…
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May 16, 2019 0

AmEx Acquires Resy Reservation Platform; Shift4 Unveils Pay-at-Table System

Payments firms continue to strengthen their offerings in the dining sector as evidenced by Wednesday’s announcements from American Express Co., which said it had acquired reservation platform provider Resy Network Inc., and Shift4 Payments, which is launching a pay-at-table system called SkyTab and providing it to new merchants at no cost. Founded in 2014, New…
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May 15, 2019 0

Banks need better vision for small business payments

Most small to medium-sized (SME) business owners are highly dependent on their accountant for everything financial. Accounting, and by extension financial insights, is often a “black box” to them. Most business owners would prefer to be more in control of their own finances so they can make better business decisions. What they really need to…
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May 9, 2019 0

Visa: Why Target’s Tap-And-Pay Leap Will Ignite Contactless Cards

After many years as a holdout in the world of near-field communication (NFC) payments, Target grabbed a lot of headlines yesterday (Jan. 22) with its announcement that it is embracing contactless payments. Target will enable this feature at checkout at all 1,800 of its U.S. stores over the next several weeks. This marks a change for Target — a retailer that had, up…
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May 7, 2019 0