Revolut Faces Roadblocks on Its Journey from Fintech to Bank
The UK’s most valuable fintech was granted a banking license a year ago, yet Revolut still hasn’t been given the green light to operate as a fully fledged financial institution. Instead, Revolut remains in a holding pattern, limited to holding £50,000 in total customer deposits—billions of pounds lower than leading UK banks like Barclays, HSBC, […]
Finally, a Solution for the Apple Card Is in Sight
The Apple Card was a good idea when Barclaycard launched it. It showed promise when Goldman Sachs (GS) took it on. Now, it appears to be headed to Chase, where it will likely be re-engineered into a profitable card program—one that benefits the broader Chase organization, and not least of which is protecting its No. […]
Turning Fraud Disputes Into a Win for Banks
Financial institutions are among the most trusted entities in the world. Consumers believe their banks act in their best interests—especially when it comes to protecting them from fraud. They expect strong, effective solutions that support their everyday financial activities, safeguard their accounts, and secure their identities. But trust isn’t automatic—it must be earned. Nowhere is […]
PayPal Brings Crypto Payments to Checkout
In the latest convergence of digital assets and mainstream financial services, PayPal is launching a platform that enables merchants to accept payments in over 100 cryptocurrencies. The service, Pay with Crypto, allows consumers to connect their existing crypto wallets from major platforms like Coinbase Wallet, MetaMask, Kraken, and OKX—unlocking access to a market of 650 […]
Unlocking Profit: How Data Mining Transforms Card Portfolio Strategies
One of the most important resources for any card portfolio manager is understanding cardholders’ spending patterns. This requires not just full access to data, but also the ability to interpret what the data reveals. Growing business intelligence tools like Card ExpertSM from Fiserv are helping issuers gain deeper insight into their customer base, allowing them […]
Citi Launches Premium Credit Card to Rival Amex and Chase
After exiting the market several years ago, Citi is reentering with a premium credit card designed to take on Chase and American Express. Like its rivals’ top-tier offerings, Citi’s Strata Elite card boasts an array of perks. For weekend diners, it offers 6x points on restaurant purchases made on Friday and Saturday. Shoppers also receive […]
What a CBDC Ban Means for the Digital Assets Industry
Just two years ago, Reuters reported that more than 130 countries were exploring central bank digital currencies (CBDCs), and that nearly all of the G20 countries were in the advanced phases of their programs. However, only three countries—Nigeria, Jamaica, and the Bahamas—have launched CBDCs to date, and programs in many other countries have come to […]
Samsung Wallet Adds BNPL Option for Existing Credit Cards
Buy now, pay later (BNPL) loans have become staples in digital wallets, but Samsung Wallet’s upgrades aim to cut out the middleman. The mobile phone maker is rolling out installment payment options in select U.S. states, ahead of a broader launch later this year. Samsung will initially offer four repayment options, ranging from six payments […]
Amazon Takes on Returns Fraud
As e-commerce scams mount, Amazon is investing in a 3D imaging company that could help address the growing problem of returns fraud. The issue stems from a gap in the current online shopping model: a consumer can request a refund, and it is typically issued once the product is shipped back to the retailer. However, […]
Biometric Payments Pilots Are Picking Up, But U.S. Adoption Is Years Away
Consumers increasingly interact with their phones by using facial recognition software and fingerprint scans. This familiarity—coupled with the technology’s potential for fraud mitigation and friction reduction—has been a driving force behind the movement to implement biometrics at the point of sale. However, as Christopher Miller, Emerging Payments Analyst at Javelin Strategy & Research, discovered in […]