Merchant Litigation Settlement Finalized

The settlement was reached only after a major concession by the card networks—they dropped their decades-long honor all cards rules. In principle, merchants can now deny a cardholder from using a particular card product. Candidates for that treatment by merchants would be those cards that charge higher interchange fees.

Cash App Targets Gen Z Spending with Payment Wand

Cash App is adding a proprietary line of near field communication (NFC) accessories linked to its Cash App Visa Card. The first Cash App Tags device is a wand. Cash App and Square are business units of parent company Block. The wand is designed to be kept in the open. It can be clipped to […]

CoinZoom Crypto Debit Card

CoinZoom’s blockchain-based trading platform makes an immediate crypto-to-fiat currency exchange on those transactions. The company maintains SOC 2 Type II enterprise-level data security.

Vera Credit Mastercard Card

Vera Credit launched this month with a direct mail campaign, testing three levels of cash back reward offers to 150,000 prospects. The company is not marketing online because it wants to control applications.

Sunbit Co-Branded Cards for Retailers

More than 40,000 businesses in the US, including dental offices, automotive repair, veterinarians and other in-person service providers, offer more than four million of their customers flexible payment options from Sunbit. The company opened its buy now, pay later (BNPL) business in 2015. In 2019, Sunbit started offering select BNPL users a Visa credit card. […]

Visa Offers Card-Based ID Verification with Keyno

Keyno’s software does more than fight fraud. Issuers can also use it to place parameters on card spending, validate 3DS transactions, autofill fields at checkout, activate an app, confirm that cardholders are in possession of their card, enable click to pay and manage the life cycle of a merchant or device token.