Cards

Synchrony Provisioning for Samsung, Google and CurrentC in the Works

Synchrony Provisioning for Samsung, Google and CurrentC in the Works

by July 30, 2015 at 1:05 pm 0 comments

Synchrony Financial is actively engaged in the work to allow its cards to run through Samsung Pay, Android Pay and CurrentC, Bank Innovation has learned. Carol Juel, chief information officer of Synchrony, the nation’s largest private-label credit card issuer, told Bank Innovation today that the Samsung Pay functionality, for example, shouldRead More

MasterCard Beefs Up Its Fintech Acquisitions

MasterCard Beefs Up Its Fintech Acquisitions

by July 29, 2015 at 6:15 pm 1 comment

You certainly can’t accuse MasterCard of ignoring FinTech innovators. In addition to running hackathons with startups all over the globe — the next one is in Mexico City this weekend — MasterCard is acquiring companies left and right. CEO Ajay Banga described what the company is looking for in the M&A spaceRead More

Want to Build a ‘Buy Button’? Better Write a Check to Amazon

Want to Build a ‘Buy Button’? Better Write a Check to Amazon

by July 28, 2015 at 12:56 pm 1 comment

Stripe just got a heap of cash to work on Buy Buttons with Visa. (And the payment upstart is now worth $5 billion.) Some of that money will make its way to Amazon. Money has a way of drifting over to Amazon, whether through purchases at its store, or web services,Read More

Why Starbucks Is Launching Stars, a Currency Based on — You Guessed It — Coffee

Why Starbucks Is Launching Stars, a Currency Based on — You Guessed It — Coffee

by July 24, 2015 at 1:11 pm 1 comment

Yesterday, Starbucks introduced Stars, a coffee-based currency that will work outside its stores, and mobile payment volume of 20%. Just another day for the Seattle coffee giant that has dominated the mobile payments world for years. Starbucks is now processing “nearly 9 million” mobile transactions a week, CEO Howard Schultz said, moreRead More

In Spending Mode, Discover’s Direct Bank Expenses Climb 18%

In Spending Mode, Discover’s Direct Bank Expenses Climb 18%

by July 24, 2015 at 11:19 am 0 comments

Discover Financial Services might be the major FI most engaged in spending on information technology today. Which is why it is worth noting that the company claims it is already “seeing good returns associated with those” spending efforts, according to R. Mark Graf, the credit card issuer’s chief executive officer andRead More

Cap One CEO: Digital Is the Centerpiece of Our Agenda

Cap One CEO: Digital Is the Centerpiece of Our Agenda

by July 24, 2015 at 10:44 am 1 comment

It’s become a quarterly ritual: Capital One CEO Richard Fairbank eloquently speaking to the importance of digital banking. We’re not complaining — Fairbank is right, and other bankers should be listening. On yesterday’s earnings call for the McLean, Va.-based bank, Fairbank called digital “a centerpiece of that entire strategic agenda.”Read More

MasterCard’s Embrace of APIs Leads It to Smaller Clients

MasterCard’s Embrace of APIs Leads It to Smaller Clients

by July 23, 2015 at 11:55 am 3 comments

MasterCard Inc. has confirmed what many suspected: that is application programming interface, or API, offerings are leading to a larger population of smaller clients at the payments network. At a NYPAY Meetup last night in New York, Brien Buckman, who heads MasterCard’s API skunk works at the payment company’s swank Tech HubRead More

Capital One Rolls Out Ads Explaining EMV [VIDEO]

by July 22, 2015 at 2:05 pm 0 comments

Capital One is the latest big bank to produce a video explaining chip cards, also known as EMV cards (it stands for Europay MasterCard Visa) to the American public. Good luck, guys. The video was released Friday. USAA and US Bank videos covering the same subject appeared this spring, butRead More

Apple Pay to Hit 1.5 Million Locations by Yearend

Apple Pay to Hit 1.5 Million Locations by Yearend

by July 22, 2015 at 10:45 am 0 comments

Soon, there will be 1.5 million chances for you to bump into Apple Pay. That’s because Apple Pay is expected to be in 1.5 million locations in the United States by the end of 2015. Last week, Apple Pay launched in the United Kingdom, and scored 250,000 locations “on Day One,”Read More

Synchrony Is First to Give Out Apple Pay Transaction Data

Synchrony Is First to Give Out Apple Pay Transaction Data

by July 21, 2015 at 4:40 pm 1 comment

Synchrony Financial, the nation’s largest provider of private-label lending programs, will start providing its clients with deep Apple Pay transaction data. Synchrony appears to be the first issuer that is providing bank-level Apple Pay data to third parties. Synchrony, formed from GE Capital’s private label unit, had $61.4 billion ofRead More

Hot Hashtag: ICICI’s #livewithoutcashtweet2win

Hot Hashtag: ICICI’s #livewithoutcashtweet2win

by July 21, 2015 at 9:06 am 0 comments

#Livewithoutcashtweet2win is a different type of hashtag than we usually profile in this feature. Rather than a traditional ad campaign, #livewithoutcashtweet2win is the signature hashtag of ICICI Bank’s Live Without Cash contest on Twitter, which it ran throughout the morning today. ICICI Bank has about $103 billion of assets. ICICI postedRead More