Mastercard is expanding its U.S. Installments program to all eligible digital points of sale. This offering will allow merchants, financial service providers, payments processors and digital wallets to present installment offers for consumers to any eligible credit card from participating issuers, the company said in...
As consumer habits change, payment preferences are becoming segmented based on shopping channels. A PYMNTS Intelligence Report, How People Pay: Debit Leads in Stores, Credit Leads Online, reveals a distinct divide: consumers favor debit cards for in-store purchases while credit cards dominate online transactions, particularly...
Mastercard has expanded the availability of Product Express, its platform that helps FinTechs launch card programs and other payment solutions. Formerly known as Fintech Express, Product Express was introduced in some Latin American markets earlier this year and is now available in Africa, the Middle...
If there’s a regulatory body that’s been busier this week than the Consumer Financial Protection Bureau (CFPB), we’d be hard-pressed to name it. Having just issued its final rule on open banking and data sharing on Tuesday, the CFPB said Wednesday (Oct. 23) that it...
The Consumer Financial Protection Bureau (CFPB) reportedly is set to order Goldman Sachs to pay more than $50 million in penalties related to its handling of fraud and refunds in its credit card business. The regulator is expected to announce its enforcement action as soon...
Marqeta has added two new products to its card program management tools. The new UX Toolkit helps customers create modern payment experiences from scratch, while the new Portfolio Migration service makes it easier for companies to upgrade their existing card programs onto the Marqeta platform,...
Payments technology company CPI Card Group is now accepting orders from issuers to start piloting a contactless card with new chip technology that expands payment card design options and reduces environmental impacts. The cards feature Infineon’s new SECORA Pay Green contactless payment card technology and...
As the payments change, businesses are confronted with a need to refine their dispute resolution strategies to mitigate the impact of chargebacks. With the costs and prevalence of chargebacks on the rise, a PYMNTS Intelligence report, “Recovering Revenue: A Merchant’s Guide to Automated Chargeback Management,”...
Commercial card FinTech Pivot Payables has launched an integration with American Express (Amex). The integration, announced Tuesday (Oct. 15), lets Amex business and corporate card members generate virtual cards within PivotLynx, Pivot Payables’ accounting automation application, getting requests to managers for budget approval and cost accounting. “We are teaming up with...
