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December 21, 2020

On the web

January 22, 2020

On the web

India Requires Banks to Let Cardholders Opt in to Contactless Payments

NFC World

“Card issuers in India are to be required to ship all new cards to customers with contactless functionality switched off by default — and also provide cardholders with a range of easy ways to toggle their card’s contactless support on or off. Reserve Bank of India The new requirement will come into effect from 16 March 2020 and also covers both card not present and international transactions… Text of RBI Notification .”

January 6, 2020

On the web

Deutsche Bank Issues Dynamic CVV Cards in Spain

NFC World

“Customers of Deutsche Bank in Spain can now apply for a card that replaces the traditional, printed CVV number with a small screen integrated into the back of the card that displays a new CVV every four hours. The dynamic CVV technology used in the cards “makes it possible to increase security, especially when shopping online, as it invalidates cloning or data theft in online transactions and in stores,” according to Mastercard .”

December 5, 2019

On the web

Once a Tool of the Elite, Metal Credit Cards Now Turn Up Everywhere

Wall Street Journal

“Like other luxuries once restricted to the wealthy—cellphones, private airport lounges and French handbags—metal credit cards have trickled down the income stream. Capital One Financial Corp. and other banks have added metal to some of their credit cards with the idea that the hefty feel makes customers feel special and maybe spend more. Customers typically can’t ask their bank to swap out their plastic cards, but at least 20 types of credit cards in the U.S. contain metal, including offerings from JPMorgan Chase & Co., Citigroup Inc., and Wells Fargo & Co.”

On the wires

Grab Launches Asia’s First Numberless Card

Grab SG

“Grab, Southeast Asia’s leading everyday super app today announced the launch of GrabPay Card, Asia’s first numberless card that offers users unparalleled card security, access to an expanded rewards ecosystem and hassle-free Grab payments integration in order to bring cashless convenience to millions in Southeast Asia.”

November 26, 2019

On the web

Cornèr Banca Issues Biometric Payment Card

NFC World

“Swiss bank Cornèr Banca has launched a biometric payment card that lets customers make contactless payments without being restricted to the usual CHF40 (US$40) contactless transaction limit. The new Cornèrcard Biometric Gold Visa credit card is being made available as a limited edition of 100 cards and carries a one-time membership fee of CHF300 (US$300) plus an annual fee of CHF190 (US$190) after the first year.”

November 6, 2019

On the wires

American Express Expands Virtual Card Footprint With Coupa Pay Integration

“Today, American Express and Coupa announced the availability of the American Express virtual Card as a payment option within Coupa’s leading business spend management (BSM) platform. The new payment integration with Coupa Pay, a set of payment and financial solutions within the Coupa BSM platform, is expected to first be available to American Express Corporate customers in the United Kingdom and Australia in late 2019 and the United States in mid-2020. The partnership will give businesses the ability to better manage supplier payments.”

July 10, 2019

On the web

Mastercard and Evolve Bank & Trust Help Hourly and Gig Workers Get Early Access to Wages

Financial Post

“People who support themselves and their families with incomes from gig and hourly work often have to stitch together earnings from various sources to pay bills, budget for savings and manage financial emergencies. Mastercard today announced that it is using Mastercard Send , the company’s push payment solution to enable pay advances and blend stability with flexibility for those working without traditional paychecks.”

June 4, 2019

On the wires

New NatWest Debit Cards Now Accessible for All Customers

“The new design helps customers easily and quickly identify the correct way a card should be inserted into a cash machine. The flat design also makes it easier to fit into a wallet or purses and helps to increase the lifespan of the card. The larger card lettering helps make it easier for customers to identify in poor lighting. As part of the development of the card design, NatWest has been working closely with the Alzheimer’s Society to make sure the new cards also help customers with dementia. Extra features such as the notch and raised dots, differentiate the card from others and act as a reminder to dementia customers which way around the card should be. Additionally with all customers having the same card any stigma associated with a special card is taken away.”

May 28, 2019

On the web

Inside the Apple Card: Mastercard’s ‘digital First, Physical Optional’ Platform


“The Apple Card takes a more aggressively digital approach to credit card relationships than most other products on the market — but the technology behind it isn’t exclusive to Apple. Following about 18 months of secretive development with Apple and Goldman Sachs, Mastercard is ready to bring the same offering to other issuers. Its platform carries over many of the features that Apple Card users will get, according to Chris Reid, Mastercard’s executive vice president of cyber intelligence and data services for North America. Reid spoke at SourceMedia’s annual Card Forum taking place this week in New Orleans.”

October 29, 2018

On the web

October 24, 2018

On the wires

October 3, 2018

On the wires

Visa and Postmates Deliver “Instant Deposits” to Postmates’ Fleet via Stripe Instant Payouts

“Today, Visa announced an agreement with Postmates, the nation’s largest on-demand delivery network, to enable real-time2 funds disbursement to their entire fleet. This new feature, called Postmates “Instant Deposits,” is facilitated by Stripe’s Instant Payouts feature, running on Visa Direct, Visa’s real-time push payments platform, and is now live and available to the Postmates fleet of more than 200,000 in the United States.”

September 10, 2018

On the wires

WEX Partners with Troovo for Robotic Process Automation of Virtual Card Generation

“Troovo has developed intelligent Robotic Process Automation (RPA) solutions that enable industries such as travel, payment, and procurement to fully automate their workflows and processes. As these businesses typically transact across borders and process high volumes of data, RPA solutions are optimal to improve operational efficiencies, boost capabilities, and reduce processing costs.”

August 21, 2018

On the web

Starting In December, All Businesses Must Accept Plastic

Q Newsletter (Costa Rica)

“The El Financiero reports that despite in a few months begins the obligation to accept payments by credit or debit card, as well as any other electronic mechanism, in addition to cash, businesses seem to be far from complying with the measure. The change will affect any business for profit, either on physical or legal, that only accepts payment in cash.”

August 16, 2018

On the web

August 14, 2018

On the web

Dynamics’ high-tech card picks up bank support in Japan


“The interactive payment card market has had a tough time gaining traction, but it’s getting a boost as GMO Aozora Net Bank plans to launch Dynamics Inc.’s battery-powered interactive debit and cash card to its customers next year. The new Visa card features a touch sensitive keypad and digital display as well as magnetic strip, contact and contactless EMV functionality.”

August 6, 2018

On the wires


“New data from leading fintech analysts, Juniper Research, estimates that driven by payment cards and mobile wallets, in-store contactless payments will reach $2 trillion by 2020, representing 15% of the total point of sale transactions. Contactless payments will exceed the $1 trillion mark for the first time in 2018, a year earlier than previously anticipated by Juniper.”

June 13, 2018

On the web

Worldpay Tests Dynamic CVV Cards In Anticipation Of Broader Availability

Digital Transactions

“Worldpay Inc. is adding another tool for financial institutions in their efforts to curtail the pricey and nuisance-laden aftereffects of rampant data breaches. The company’s solution comes in the form of credit and debit cards that use a dynamic card-verification value. Cincinnati-based Worldpay is testing the Motion Code-enabled credit and debit cards with two undisclosed credit unions and a bank before broader availability, expected later this year. The hope is to make online shopping more secure.”

April 18, 2018

On the wires

JCB Pilot of Japan’s First Fingerprint Authentication Chip Card from IDEMIA

“Users first record one or more fingerprints for authentication purposes. When they want to buy something, they need only touch the fingerprint sensor on the card’s lower right corner with their finger so as to authenticate payment. The fingerprint record is only kept in the card, and given that fingerprint authentication is also done on the card, merchants do not need any further equipment to accept payment.”

April 17, 2018

On the web

April 16, 2018

On the wires

Verifone Launches Engage V400c, the First Touchscreen Countertop in Next Generation Family

“Meeting market demand for easy-to-use, smart touchscreen experiences at the point of sale, Verifone (NYSE: PAY) today announces Engage V400c, the first touchscreen countertop solution in the Engage family. Enhancing the Engage lineup of countertops and PIN pads, this new solution is ideal for any small to midsized business (SMB) in a variety of environments including retail, hospitality, drugstore, casual restaurant, and convenience store.”

Worldnet Completes First EMV Level 3 Certification of ID TECH’s VP8300 to First Data

Worldnet, a leading provider of omni-channel payment solutions and ID TECH, the global leader in payment peripheral technology have completed the first EMV Level 3 certification through First Data for ID TECH’s new VP8300 countertop payment solution. The VP8300incorporates secure MagStripe, EMV chip card, and EMV contactless payment technologies such as MasterCard PayPass, Visa PayWave as well as ApplePay and GooglePa”

April 10, 2018

On the web

Whatever you do, don’t give this programmable payment card to your waiter

Ars Technica

“The makers of the programmable Fuze smart card say it’s powerful enough to be your wallet in one card yet secure enough to be used the same way as traditional payment cards—including trusting it to restaurant servers when paying the bill. But it turns out that convenience comes with a major catch. A flaw makes it possible for anyone with even brief physical control of the card to surreptitiously siphon all data stored on the device.”

April 4, 2018

On the web

March 23, 2018

On the wires

CPI Card Group Demonstrates Metal and Dual Interface Prowess at Secure Technology Alliance Payments Summit & ICMA Expo

CPI Card Group® (Nasdaq: PMTS, TSX: PMTS) (“CPI” or the “Company”), a global leader in financial and EMV® chip card production and related services, today announced a set of activities planned during the co-located Secure Technology Alliance (STA) Payments Summit and International Card Manufacturing Association (ICMA) 2018 Card Manufacturing & Personalization EXPO, held March 26-29 in Orlando.”

March 19, 2018

On the web

Will There Be a Need for Credit Cards in Five Years?

Wall Street Journal (Paywall)

“Some experts say reports of the credit card’s death have been greatly exaggerated. Cards aren’t going away soon, they say, and neither is the credit-card account, which consumers value and are comfortable using. Others say credit cards won’t be needed in five years because mobile payments are more convenient, cheaper and more secure.”

March 16, 2018

On the web

March 14, 2018

On the wires

WEX Inc. Introduces Proprietary Payments Solution for Mixed Fleets: Cross Roads™

“WEX developed Cross Roads with mixed fleet customers to create one of the first fully closed-loop networks across retail and high-speed diesel locations. The offer combines all the benefits WEX cards are known for – competitive pricing, integrated reporting and convenience, matchless product controls and the largest proprietary network of accepting merchants – plus thousands of added savings made available through the WEX EDGE Savings Network, an asset leveraged from WEX’s acquisition of Electronic Funds Source (EFS). Among those added savings are truck stop fuel discounts that average 15 cents per gallon, as well as special pricing on a myriad of fleet business expenses including tires, office supplies, mobile phone plans and more.”

February 22, 2018

On the web

Fingerprint Cards introduces new generation fingerprint sensor

“The new single-chip, single-die solution eliminates the need for a companion chip while delivering the performance benefits of the dual-chip platform. Apart from improving performance, the third-generation sensor also simplifies the OEM design process and supports easy hardware integration in applications like smartphones, the company claims.”

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