Credit Cards

Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …

Online shoppers spent a record $12.4 billion on Cyber Monday, a 9.6% increase from the previous year, according to Adobe Digital Insights. The peak spending period came between 10 p.m. and 11 p.m. Eastern Time, when consumers spent $15.7 million every minute during that hour. Buy now, pay later was …

Square and Afterpay merchants counted 70 million transactions over the Black Friday-Cyber Monday holiday weekend, up 14% from the same period in 2022, Square said. In-person shopping increased 15% year-over-year. Amendments under consideration by Australia’s national government would impose on digital wallets like Apple Pay and Google Pay the same regulations as those enacted …

Holiday shoppers are projected to spend a record $12 billion to 12.4 billion online on Cyber Monday 2023, according to Adobe Analytics. Cyber Monday caps off the first weekend of the traditional holiday shopping season that begins Thanksgiving Day. Overall, Adobe projects online sales for the five days between Thanksgiving …

Merchants and financial institutions that use 3-D Secure to help vet online transactions in markets that require its use see fraud rates that are three to six times lower than for all card-not-present transactions. That’s one finding from a Outseer-sponsored report completed by the research and consulting firm Datos Insights. …

The Electronic Payments Coalition issued a press release late Tuesday taking issue with a New York Times op-ed video that argues merchants and consumers already pay a high price for rewards cards and expresses support for the Credit Card Competition Act. In its rebuttal responding to the video, Richard Hunt, …

The U.S.-based card-issuing platform Marqeta Inc. announced it is working with Credi2, a Europe-focused provider of embedded-finance technology, to offer a buy now, pay later service tailored for bank cards. Topper, a fiat-to-crypto utility that is part of the Uphold financial platform, has added Apple Pay and Google Pay as payment options …

A new federal lawsuit against Apple Inc. alleges the iPhone maker restricts competition in peer-to-peer payments by hampering rivalry with its own Apple Cash app. The restrictions, the suit charges, include provisions against what the suit calls “feature competition,” such as cryptocurrency payments, that could moderate pricing for peer-to-peer payment …

Real-time account-to-account payments provider AppBrilliance announced it closed an investment from Truist Ventures, the venture-capital arm of Truist Financial. Terms were not announced. AppBrilliance works with The Clearing House’s Real Time Payments network as well as FedNow, the real-time network from the Federal Reserve. Pay Plantation LLC, whose payment gateway allows merchants to accept e-checks …

The People’s Bank of China and the National Administration of Financial Regulation, China’s financial regulatory body, on Monday greenlighted Mastercard Inc.’s joint venture, Mastercard NUCC Information Technology (Beijing) Co. Ltd, to commence domestic bankcard clearing in China. The approval process took about three years. In February 2020, China’s central bank …