Global Cards

Global Cards Head to 6B Milestone w/5.45% CAGR

Global cards from the four U.S.-based payment card networks expanded by 286 million credit and debit cards-in-force (CIF), over the past twelve months. Visa [V], Mastercard [MA], American Express [AXP], and Discover/Diners [DFS], global payment cards, including credit, charge, debit and prepaid products, grew 5.2% year-on-year (YOY) in the third-quarter (3Q/19). Growth has been eroding…

AI Crypto Tokenization

AI Crypto Tokenization P2P – Today’s Credit Card Buzz Words

AI crypto tokenization P2P reign among today’s credit card buzz words which also includes prepaid, bitcoin, EMV, and GDV. The global artificial intelligence (AI) as a service market size is expected to reach US$77 billion by 2025, according to PYRPTS. When it comes tokenization there is a migration by the payment networks for card-on-file tokenization.…

Mexico’s Financial Inclusion Initiatives Moving Cash to Cards – Robust Future

Cash remains the preferred form of consumer payments in Mexico; especially among the rural population, primarily due to limited knowledge of payment cards or limited access to banking infrastructure. Cash is primarily used for making small-value payments at retailers, and for the payment of utility bills, taxes, and transport fares. A significant proportion of the…

New Soldo Corporate Expense Prepaid Mastercard Targets UK & Italy

Soldo, a London-based FinTech, has ankled Germany’s Wirecard to power its Corporate Expense Prepaid Mastercard. This solution is part of Soldo’s multi-user spending account for businesses which can now take advantage of multiple Mastercard cards for use by employees, collaborators or company departments alongside an intuitive app and a sophisticated Admin Dashboard that allows a…

Green Dot Swallows the RushCard Prepaid Products for $150MM+

Prepaid card king Green Dot has inked a deal o acquire UniRush. The Company’s operating businesses include the RushCard, an online direct-to-consumer general purpose reloadable prepaid card provider, and Rapid! PayCard, a corporate payroll card provider. The acquisition, which maps to “Step Five” of Green Dot’s “Six Step Plan” to enhance shareholder value, materially expands…

Opal Smart Card Ticketing System Future-Proofed for Open Loop Payments

Cubic is launching a trial, in early 2017, of an open loop payments ticketing technology to Sydney, Australia’s largest city. Cubic Transportation Systems inked a contract worth US$7.6 million, or AU$10.2 million, from Transport for New South Wales (TfNSW) for the trial. The trial will allow Sydney commuters of participating payment schemes to tap their…