EXCLUSIVE – #Wells #Fargo will not be joining some of the other big #banks in banning its customers from purchasing #cryptocurrency with their credit/debit #cards, Bank Innovation has learned. Wells Fargo, senior VP of senior vice president, design and delivery leader in the Innovation Group at Wells Fargo told Bank Innovation in a recent interview …Read More
Bank Innovation
Holiday shopping is an attractive season for online #fraud, but sophisticated software can allow merchants to accept most transactions.
Financial Technology
EXCLUSIVE- Is the #prepaid card market saturated? Not quite, based on insights Sue Brown, director of prepaid debit advisory service at #Mercator Advisory Group shared with Bank Innovation. “In 2018, we will likely see #fewer #cards, but an increase in dollar loads,” Brown told Bank Innovation. According to a recent Mercator report authored by Brown, […]
Bank Innovation
EXCLUSIVE – Add another #credit card to list, or rather add four to the ever growing list of #cards. This new collection of cards are coming #from American Express’ co-brand relationship with #Hilton Hotels. #Amex also announced today that it purchased Citi’s Hilton co-branded credit card portfolio, making it the exclusive issuer of all Hilton […]
Bank Innovation
EXCLUSIVE—Preventing fraud is an ongoing battle, and Mastercard wants to make it a little easier for card issuers with the launch of its #Early Fraud #Detection #System. The system, announced by the payment processor today, will allow FIs and other card issuers to create a greater net of protection for card customers. It does so […]
Bank Innovation
EXCLUSIVE—Is the end of #credit, #debit #cards drawing near? Financial service firm #Fiserv #says, no. “Physical cards, they’re not going anywhere,” Sharon Pazlar, director of output solutions for Fiserv told Bank Innovation. “As much as mobile has bloomed, especially with the efficiency of mobile and online banking, the #banks have to facilitate payment with whatever […]
Bank Innovation
The average #credit card has six attached #fees, despite the increasing consumer preference for no fees at all. This is according to a study by CreditCards.com released yesterday conducted by Harris Poll, which surveyed 100 general-purpose credit #cards. These cards charge a combined 591 fees, with the most common being late payment and cash advance […]
Bank Innovation
#Sift, an app that helps customers redeem #credit card benefits and files automated claims on its #users’ behalf, is now looking to advise these users on which credit card #best suits their lifestyle. Sift CEO Abhinav Dubey told Bank Innovation the feature will launch by the end of 2017. The appp, which launched not too […]
Bank Innovation
#Affirm, the lending startup that provides loans at the POS, is looking into launching everyday-use #virtual credit #cards, Bank Innovation has learned. The company, launched by a PayPal cofounder Max Levchin, provides point-of-sale loans that allow customers, particularly millennials, to finance purchases with participating merchants. Once approved, consumers receive a one-time use virtual card via Affirm’s […]
Bank Innovation
#Cards may be fumbling at the #innovation game, but they’re #still the center of the #payments world, while #mobile payments remain a geeky sideshow. Another all-in-one card ran out of cash this week — the long-expected Plastc, announced back in 2014, didn&8217;t ship a product, and closed its doors suddenly, leaving its backers and investors &8212; it had […]
Bank Innovation
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