Financial Technology Association Joins CFPB Case
The Bank Policy Institute and the Kentucky Bankers Association filed litigation in October 2024 against the Consumer Financial Protection Bureau’s (CFPB) final rule implementing Section 1033 of the Dodd-Frank Act that gives consumers… “a right to access their account information and authorize certain third parties acting on their behalf to access that information.” Earlier this […]
FIS Money Movement Hub
The technology detects and resolves problems at file, batch and entry levels, enabling the correction of errors before clients log in, which eliminates manual reworking and resubmissions.
Ramp Adds Stablecoins for Visa Corporate Cards
Last year, Ramp software facilitated over $60 billion in payments, with less than 50% tied to Visa Signature cards. Ramp’s latest service leverages an existing partnership with Stripe and will offer corporations US dollar-backed stablecoins to address their cross-border payment needs.
Forter Payment Optimization
The most successful ecommerce merchants calibrate fraud management, which is a risk analysis, with payment optimization, which is a growth analysis. Forter offers ecommerce merchants support in both areas. The Forter Trust Platform has been used to fight ecommerce fraud since 2014. It delivers identity intelligence, isolating suspected criminal activity by analyzing legitimate transactions from […]
Infrastructure Support for Stablecoin-Backed Cards
Rain has created smart contract infrastructure that enables a hold to be put on crypto assets, including stablecoins stored on a blockchain. It can execute that hold in 200 milliseconds, sufficient time for the process to be integrated into a payment card transaction initiated online or in-store.
Splitit’s Embedded White- Label BNPL for Merchants
Among providers of buy now, pay later (BNPL) and installment loan payment options, Splitit is different. The company’s service is embedded in the merchant’s checkout page on a white-label basis, and the pay-over-time option comes from the line of credit tied to a cardholder’s credit card. Competitors typically present their own consumer-facing brand and underwrite […]
Sustainable Prepaid Cards
Blackhawk Network (BHN), a top provider of prepaid cards worldwide, is committed to using sustainable, fiber-based substrates in cards it distributes to reduce the deleterious environmental impact of virgin PVC plastic. By the end of 2024, more than 85% of the approximately one billion cards BHN distributed globally used fiber-based substrates. BHN calls its sustainable […]
US Issuers of Commercial Debit and Credit Cards—2024
Corporate travel and entertainment (T&E), fleet and purchasing, small business credit, small business debit and prepaid (government benefits, etc.) products are included here in our annual ranking of the largest issuers of Visa and Mastercard commercial credit, debit and prepaid cards. The ranking is based on purchase volume generated in 2024. For the complete data […]
Discover Transit Payments
Closed-loop transit payment systems, where riders prepay for a proprietary paper or plastic card, typically loaded at a kiosk, are falling out of favor around the world. Replacing them are open-loop systems that use general purpose contactless payment cards and mobile wallets. Open-loop payments offer transit operators cost benefits and riders the convenience of interoperability […]
Mastercard and Corpay Cross-Border Payments
Mastercard has made a $300-million investment in the cross-border business unit of Corpay, a corporate payments company whose shares trade on the New York Stock Exchange. The companies are already partners for Mastercard branded purchasing, fleet and prepaid commercial cards issued in the US. Collectively, those cards generate more than $50 billion annually in purchase […]