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- Under an expanded agreement, cross-border payments specialist TransferWise Ltd. will issue Mastercard debit cards in any market globally where Mastercard is accepted and TransferWise is licensed. TransferWise has issued more than 1 million cards globally since the agreement commenced in Europe in 2018.
- Consumer satisfaction with credit card issuers is plummeting as the Covid-19 pandemic drags on, according to the latest J.D. Power 2020 U.S. Credit Card Satisfaction Study, even though consumer confidence in other financial services is rising. Among issuers, American Express ranks highest, followed by Discover and Bank of America.
- Strivve, whose services help increase card usage, announced TopWallet Rewards, a program that sends real-time notices to card issuers to let them reward cardholders who place their cards on file for online payments.
- Point-of-sale lender Affirm Inc. announced it will provide installment credit to customers of Urban Stems, a floral and gifting merchant. Affirm’s service lets customers split purchases across three installments without interest.
- Saisystems Health, a health-services company, is partnering with health-care technology provider Rectangle Health to offer software allowing medical practices to collect contactless payments in the face of the Covid-19 outbreak.
- ATM operator Cardtronics plc said it has taken over management of Triodos Bank’s ATM network in Spain. The bank operates branches in four other European nations.
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