Recognizing the popularity of both travel rewards cards and digital wallets, Visa introduced its Digital Emergency Card Replacement, a new service that delivers a digital card replacement to travelers who have lost their physical credit or debit card. Digital wallets have become an essential part of the travel experience for many, with 74% of U.S. travelers now […]
Fintech
Not Just for Giants: How Small Banks Can Compete on Credit Cards
Credit cards have become embedded in the payments landscape, making it critical for every financial institution, large and small, to be involved in a way that best suits their business. However, with much of the U.S. credit card market concentrated among a few key players, many smaller banks feel they can’t compete. Credit Card Issuance […]
Mitgo Group to Invest US$20m in Fintech arm Capy
Multinational holding company Mitgo Group will invest US$20m in its fintech arm Capy, with funds to be injected over the next three years The multinational holding company with B2B and B2C businesses in the martech, fintech, mobile solutions and smart shopping sectors, Mitgo Group, has invested US$20m in its fintech business Capy. Funds will be […]
EV Sales Tick Up as Payment Challenges Define the Road Ahead
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report their second-quarter 2024 sales, the results for overall electric vehicle […]
Target Says Time’s Up For Paying With Paper Checks
Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its stores later this month, according to a recent report by the Minneapolis Star-Tribune. “Target is committed to creating an easy and convenient checkout experience, and that includes providing our guests with numerous ways to […]
Telehealth Declines as AI and In-Person Visits Rise Post-Pandemic
During the pandemic, they were heroes. Now, they’re apparently expendable. In what is becoming a pattern in healthcare, on Tuesday (July 2), Oregon Health & Science University cut a telehealth nursing unit set up in March 2020 that was once featured on its website for its service to people across the state. It is a […]
Financial Institutions Should Prepare for the Advent of Digital IDs
Digital identification is an inevitability, as evidenced by the accelerating adoption of digital driver’s license programs across the U.S. While consumers are beginning to understand the security and convenience benefits of digital IDs, many financial institutions aren’t prepared to support the emerging technology. The Promise of Digital IDs: Reduced Fraud and Efficient ID Proofing, the new […]
Not Just for Giants: How Small Banks Can Compete on Credit Cards
Credit cards have become embedded in the payments landscape, making it critical for every financial institution, large and small, to be involved in a way that best suits their business. However, with much of the U.S. credit card market concentrated among a few key players, many smaller banks feel they can’t compete. Credit Card Issuance […]
UK firms that list abroad should pay back state aid – UK Finance
Companies that decide to list outside the UK or move valuable operations from the country should be made to pay back tax-payer funded support they have previously taken, according to a UK Finance report. In recent years, there has been a shrinking pool of companies deciding to list on UK public markets. The number of […]
How to use ‘Buy Now, Pay Later’ wisely
A new Bankrate survey showed about four in 10 Americans have now tried buy now, pay later financing options for purchases. But more than half of users have had issues with this option, such as overspending, missing due dates or having problems with returns and other merchant disputes. Ted Rossman with Bankrate said one of […]