Payment card use grows worldwide

The number of card payments worldwide increased 14 percent in 2016, to 310 billion, though card numbers grew at a significantly slower rate of 8 percent. This indicates that consumers worldwide are increasingly choosing cards to make purchases, according to...

London's Judopay reaches deal with Visa for in-app payments

London-based Judopay, an m-commerce payments platform, is partnering with Visa to use the CyberSource payment management product to offer consumers a better digital payment experience and greater choice in how they pay in mobile: via payment cards, card-on-file, wallets and...

Chicago Transit Authority eliminates prepaid debit account from transit cards

The Chicago Transit Authority is eliminating the prepaid debit account function on its Ventra transit cards and will instead transition riders to a closed-loop card, according to a press release. The CTA said it will ditch the prepaid debit account,...

China UnionPay, banks unite over new mobile payment app

China UnionPay this week partnered with over 30 commercial banks and payment institutions to launch Mobile QuickPass, which the network calls the unified app for China's banking industry, according to a press release. The network said that by integrating mobile...

Amex latest card network to nix signatures for authentication

American Express is the latest card network to eliminate the requirement for merchants to collect signatures for all purchase transactions at the point of sale beginning in April 2018, according to a press release. Discover last week announced it will...

Discover axes signatures for credit, debit purchases

Beginning in April 2018, Discover will no longer require signatures at the point of sale for credit and debit transactions on the Discover Global Network in the U.S., Canada, Mexico and the Caribbean. The card network said in a press...

Reserve Bank of Australia concerned about rising merchant costs for contactless payments

The Reserve Bank of Australia is concerned about merchants' rising costs to accept contactless payments as more consumers in the country choose to pay with smartphones, according to local media reports. And the RBA is threatening more bank regulation if...

MasterCard, PayPal expand partnership outside US

MasterCard and PayPal are significantly expanding their longstanding partnership into Europe, Canada, Latin America and the Caribbean and the Middle East and Africa that's meant to enhance customer choice, optimize the consumer experience and make MasterCard a clear payment option...

Swarovski's new VR app lets users buy goods via Masterpass checkout

MasterCard and Swarovski launched a virtual reality shopping app for the Atelier Swarovski home décor line, a collection of functional and decorative crystal home accessories. The app immerses consumers in a tastefully decorated home where they can browse and purchase...

Study: Mobile payments reach tipping point in some countries

Mobile wallet adoption is on the rise globally, and the U.S. and Europe are catching up with fast-growing economies in Asia and Latin America where mobile wallets have already become the dominant payment platform, according to new benchmark data from ACI Worldwide and Aite. The research shows that 17 percent of U.S.

MasterCard helps to turn smartphones into POS terminals in Poland

MasterCard has unveiled a pilot project in Poland that enables merchants to use only an NFC-enabled smartphone to accept contactless payments, according to a press release. MasterCard is working with Elavon, Polskie ePłatności and Mobeewave on the project. Mobeewave earlier...

AmEx intros new mobile app feature to pay for card purchases

American Express is rolling out a new mobile feature, Pay It Plan It, across all eligible U.S. consumer credit and co-branded cards.

FitBit Pay arrives as 3 card networks provide support

American Express, MasterCard and Visa announced separate deals to bring contactless payments to Fitbit's new smartwatch that will feature an NFC chip. Fitbit started accepting pre-orders for the $300 Ionic on Monday. Over the past few years, each of the...

Visa, Marqeta form pact to drive new commercial and consumer payments experiences

Visa and Marqeta, the open API payment card issuing platform, have announced a multi-year, global partnership to drive further innovations in commercial and consumer payments, according to a joint press release. Additionally, Visa has made a strategic investment in Marqeta...

MasterCard puts more stock into QR code mobile payments

MasterCard has outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs, according to a press release. Beginning this month, the company will broaden its products to offer QR codes that can be scanned...

Adyen revenues skyrocket in 2016

Adyen, a global payment processor, has announced that its 2016 revenue surpassed $700 million, up from $365 million in 2015, according to a press release. The news follows Adyen's previous disclosure that it processed $90 billion in transactions in 2016,...

Visa Checkout reaches milestone

Visa recently announced that Visa Checkout has reached more than 20 million enrolled accounts, according to a press release. In the same release, the card network announced that it is continuing to expand to new markets in 2017 with planned...

U.S. Bank 1st to offer mobile payments for Visa commercial cards

U.S. Bank Corporate Travel Card clients will soon have the convenience of making expenditures via mobile with Apple Pay, Android Pay or Samsung Pay, according to a press release. This new functionality enables commercial cardholders to conveniently and securely pay on the go with compatible devices.

Visa, StubHub enhance partnership with Visa Checkout focus

Visa and StubHub have enhanced their partnership and are planning promotions around the use of Visa Checkout, according to a press release. The companies plan to advertise benefits such as seat upgrades for consumers who use Visa Checkout to pay...

Study: Digital wallets increasingly interest consumers worldwide

Digital wallets continue to gain prominence in smartphones and laptops and dominate the global discussion of new ways to pay, with a mention rate of 75 percent in the 2017 edition of the MasterCard Digital Payments Study. At the same...

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3 trends for 2018: Safer data, faster payments, better experiences