Square reported its third quarter 2016 earnings this week, and it’s not a particular surprise that the company exceeded all expectations: for the third consecutive quarter Square surpassed its expected metrics with a GPV of $13.2 billion, up 39% year over year. As was the case last quarter, CEO Jack Dorsey attributedRead More
Post Tagged with: "cards"
Coin, the card aggregation device, introduced its version 2.0 device with NFC capabilities a couple of days ago, and it is, well, lacking. Below is a demo of the device. Coin 2.0 reportedly started shipping on August 26 “to all backers.” The company originally said it would start 2.0 shipments last April. The upgradeRead More
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
American Express has started paying its cardholders to use Apple Pay. Yes, you read that right. Yesterday, Amex started promoting an offer that pays its cardholders in Chicago $5 to use Apple Pay at “participating concessions” at the United Center. Cardholders need to make at least $5 of purchases with Apple PayRead More
Prepaid cards offer a significant opportunity to broaden product lines and modernize customer‐facing applications without massive changes to core processing systems. How should financial institutions grapple with, take advantage of, or succumb to prepaid in the coming decades?
Giftly, the “next generation” gift card startup, has reportedly surmounted “technical limitations” to allow for a richer customer experience, “without merchant-sided encumbrances.” Giftly made the disclosure today in a vague note to investors. (Disclosure: Bank Innovation is an investor.) Specifically, Giftly wrote: This tech will allow us to apply theRead More
Stuck with an unwanted or useless gift card this holiday season? All is not lost. Gift card exchanges can help recover some value from that piece of plastic either by buying it outright or connecting the seller with potential buyers, even though increasingly gift cards are digital items. This videoRead More
DENVER — To call it simple is to praise it too greatly. What TSYS introduced at BAI Retail Delivery yesterday was so basic, it was almost shocking to this attendee at the conference’s Innovation Showcase. The offering: an ability for credit card users to push to issuers a notification thatRead More
Last month, Delta Air Lines gave more than 19,000 of its flight attendants Nokia Lumia 820s for in-air payments. Some flight attendants, it seems, are not pleased with the change. Avid Delta flyers will recall the clunky handheld payments devices Delta used previously. The flight attendant would swipe your cardRead More
Russell Simmons, the founder of Def Jam Records and the Phat Farm clothing line launched Rushcard, a prepaid Visa, last April. The card, which is banked through The Bancorp, introduced its first TV ad today. See if you can spot Simmons in that advertisement.