Payments Performance Covid-19

Payments Performance Facing Huge COVID-19 Impacts

Payments performance for both networks and issuers are poised to face the profitability challenges of 40 years ago as the coronavirus impacts rage through all levels of life. The likely impact of the first two quarters of this year will wipe out profitability for 2020 and if COVID-19 extends into the third quarter, the impact…

Global Card Spending

Global Card Spending Plummets via Covid-19

Global card spending growth started to unwind in the fourth-quarter but the catastrophic worldwide impact of the coronavirus will be stunning for the first-quarter and far beyond. Business spending on travel could fall by more than $150 billion in the first three months. Consumer spending on travel will likely decline by $300 billion in Q1.…

Discover LGBTQ

Discover LGBTQ Scores – Retailers Go Used – Curve

Discover LGBTQ scores a perfect 100 score alongside almost 700 other companies as “Best Place to Work” for equality. Nordstrom, Macy’s, J.C. Penney and Madewell are shifting retail to preloved clothes, shoes and handbags. GOP wants to revamp the Volcker Rule and continue gutting the CFPB. The Curve Mastercard with Apple Pay app takes shape.…

AR VR Music

AR VR & Music For Cards While Plaid & Honey – Buzzes

AR, VR & music are on the menu for 2020 courtesy of Mastercard while Visa ponies up $5 billion for a hot fintech consumer app. Interest in biometrics for payment cards may emerge this year after a sleepy 2019. The IRS has crypto-to-crypto transactions on the radar this tax season, according to Bankcenter and CardBuzz.…

Omnichannel Retail - Paul Walsh

Omnichannel Retail, Acquiring, B2B, ATMs, & AI – Feb Buzz

Omnichannel retail is one the top revolutionary developments in the payments sphere today. Within the next two decades there will be 80 billion connected devices. That includes the devices we carry in our pockets and bags as well as all of the devices we use in our workplaces and homes and literally every other place…

B2B Cybercrime Fintech

B2B & Cybercrime & Fintech EOY 2019 Update

B2B market in Japan is ripe for development as it begins to tap into modern online payment methods. In the U.S., personalization is becoming a bigger part of overall B2B performance. In 2019, data breach was most hurtful to Capital One branding, blockchain platform Nuls was hacked, and Mastercard and RiskRecon team for all out…

Artificial Intelligence

Artificial Intelligence & Wearables

Artificial intelligence (AI) virtual assistants take over credit card services and wearable payments begin to blossom along with digital personal identification technology. But AI is capable of reflecting creator biases as part of the learning process, reports CardBuzz. Credit card issuers are still playing it safe in risk management as some metrics raise red flags…

Top Card Issuer Markeshare

Top Card Issuer Marketshare Rises 30 bps – U.S. PDV Tops $1T

Top card issuer marketshare, based on U.S. purchase dollar volume (PDV) of Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS], increased 30 bps (basis points) in the third-quarter (3Q/19). Chase, the nation’s largest credit card issuer on outstandings and the fastest growing issuer, based on PDV at 19% YOY (year-on-year), led the Top…

Money Revolution at Money 20/20

Money Revolution Hits Las Vegas as Big Guns Converge

The Money Revolution, Money20/20, is the “magnet of magnets” of events for the payments industry and it gets underway next week. Billed as the doorway to the epicenter of the payments, banking, fintech and financial services ecosystem, this year’s theme is Journey to the Future of Money. Featured in PYVNTS, the four day Money 20/20…