Credit Cards

Cardlytics Inc., which analyzed 18 billion U.S. purchases in 2016 from customers of more than 1,600 financial institutions, last week filed for an initial public offering of stock that it hopes will raise $75 million in gross proceeds to further expand its marketing platforms. Atlanta-based Cardlytics was founded in 2008 …

When major technology companies started launching mobile-payments services a few years ago, many observers figured digitized and tokenized card credentials would soon replace old-fashioned plastic. But now, the chronically sluggish adoption and usage rates these mobile wallets have registered is lending new life to plastic cards. The twist is that …

Visa Inc.’s announcement Friday that it will make signature authentication optional for EMV contact and contactless transactions in North America starting in April might provide another boost for merchants who have yet to adopt chip-card acceptance, suggests an analyst. Signatures remain a requirement for Visa magnetic stripe-based transactions not subject to …

Visa Inc. is joining the other three card brands in making signatures optional for many of its transactions beginning in April. The card brand, which had credit card volume of $499 billion and debit volume of $388 billion in its fourth quarter ended Sept. 30, says in a blog post published …

JPMorgan Chase & Co., the largest U.S. bank by assets and the biggest bank that runs its own merchant-acquiring operation, reported Friday that it processed $1.19 trillion in payment volume from merchants last year, up 12% from $1.06 trillion in 2016. Chase’s merchant volume rose 13% in 2017’s fourth quarter …

Overall U.S holiday sales in 2017 grew 6.2% over 2016, a pace that bested 2016’s 4.7% sales-growth rate, First Data Corp. announced Wednesday in its latest SpendTrend report. Retail spending during the Oct. 28 to Jan. 1 period increased 5.4%, compared to a 3.6% growth rate in 2016. Measured at …

The huge CES (formerly the Consumer Electronics Show) expo is underway in Las Vegas, and out of it are coming the latest whiz-bang developments in payment technology. Among them: connected cars that enable the driver to pay for gas with a Visa card and authenticate the transaction with an iris …

Say goodbye to Android Pay and Google Wallet, and say hello to Google Pay. Alphabet Inc.’s Google unit on Monday announced a rebranding of its disparate online payments services under the single moniker Google Pay. The new branding’s scope is so broad that even the function within Chrome Web browsers …

As technology firms, both within financial services and those entering it, take larger shares of banking revenue streams and become more like banks, financial institutions will beef up their tech investments as they attempt to counter this pressure, advises Aite Group LLC in a report on 2018 financial-services trends. In …

A group of California small businesses won a victory Wednesday when a three-judge panel of a federal appellate court upheld their challenge to California’s ban on credit card surcharges, but a key aspect of the ruling applies only to the merchants who sued the state. Still, the ruling represents at …