Debit / Credit News & Media
UnionPay cards issued outside mainland China top 90M
February 14, 2018
Twenty million UnionPay cards were issued outside the Chinese mainland in 2017, increasing the total of such cards to approximately 90 million, according to a…
read nowPayments fraud plagues 75 percent of FIs, Minneapolis Fed reports
February 9, 2018
Payments fraud losses remain an issue for financial institutions across the country, but customer diligence — such as reviewing transaction activity and…
read nowStudy compares payment types, preferences, reasons for use
February 2, 2018
More than three-quarters (78 percent) of young adults age 18–34 use person-to-person payment services such as PayPal, Venmo, Google Wallet and Facebook…
read nowFiserv expands Accel debit network routing options
January 31, 2018
Fiserv Inc. has announced that its Accel debit payments network has expanded routing options for online and in-store transactions. Recent rule changes by the…
read nowFirst Data, SBI Card partnership to support cashless India
January 26, 2018
First Data has expanded its partnership with SBI Card, a leading credit card issuer in India with more than 5.6 million customers.
read nowDiscover card acceptance expands to Hong Kong
January 22, 2018
Discover Global Network, the payments brand of Discover Financial Services, will expand card acceptance at key merchants in Hong Kong in partnership with First…
read nowVisa launches pilot test of biometric EMV cards
January 16, 2018
Visa has initiated the first commercial test of an EMV dual-interface payment card with on-card biometric ID, according to a press release.
read nowEurope sees modest growth in payment card numbers
January 16, 2018
The number of payment cards in Europe grew 2 percent in 2016 to reach 1.5 billion at the end of the year, according to a new report from RBR, Payment Cards…
read nowFime Savvi platform qualified by Union Pay International
January 12, 2018
Fime has announced the qualification of its Savvi test platform by UnionPay International. Qualification means that acquirers overseas can now receive local…
read nowVisa boards the signature-free EMV bandwagon at last
January 12, 2018
Visa has now joined the other major card networks in eliminating the signature requirement for consumer purchases made in the U.S. with an EMV-enabled…
read nowVisa, Dynamics unveil multifeature wallet card
January 9, 2018
Visa Inc. and Dynamics Inc., an intelligent card developer, have unveiled the Dynamics Wallet Card, a connected payment card slated for availability early this…
read nowJCB to issue new credit card in Vietnam
December 28, 2017
Sacombank, one of the largest commercial banks in Vietnam and JCB International Co. Ltd., the international operations subsidiary of JCB Co. Ltd. has announced…
read nowFed releases preliminary numbers on payment instruments
December 26, 2017
The Federal Reserve System has released early results from its 2017 annual update of the Federal Reserve Payments Study, which contains new estimates of trends…
read nowIndian government announces new program to encourage noncash transactions
December 19, 2017
India is again stepping up efforts to displace cash with cards for everyday consumer purchases.
read nowAmEx scraps signatures, leaves Visa as sole holdout
December 14, 2017
American Express has said that starting in April it will no longer require a cardholder signature for transactions at the point of sale anywhere in the world.
read nowPayment card use outpaces issuance as acceptance grows
December 14, 2017
The number of card payments worldwide increased 14 percent in 2016, to 310 billion, though card numbers grew at a significantly slower rate of 8 percent.
read nowCoinMetro Exchange enables ATM cash-out for cryptocurrency
December 12, 2017
CoinMetro, a cryptocurrency trading platform, has announced the release of CoinMetro Exchange. According to a company press release, the solution will simplify…
read nowApple Pay joins P2P players
December 7, 2017
Now U.S. consumers have yet another P2P payment alternative besides Zelle, Venmo and (as always) cash. On Tuesday, Apple announced in a press release that…
read nowAmex OKs ICC Solutions Contactless Pre-tap test suite
December 7, 2017
ICC Solutions has announced that its ExpressPay Test Suite version 1.5, which supports American Express Contactless Pre-tap, has been qualified by Amex in both…
read nowDiscover rubs out signature requirement for card-present transactions
December 7, 2017
Beginning in April 2018, Discover will no longer require signatures at the point of sale for credit and debit transactions on the Discover Global Network in…
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