Credit Cards

Revenue from global embedded financial services will exceed $183 billion by 2027, up from $65 billion in 2022, according to a report from Juniper Research. It classifies embedded finance as when financial services, such as banking, insurance, or lending, are integrated into non-financial user experiences. American Express Co. released a personal card application …

Newtek Business Services Corp., a small-business lender and payment processor, has received approval from the Federal Reserve to become a bank-holding company and financial-holding company through its acquisition of National Bank of New York City. Newtek entered into an agreement to acquire the bank in August 2021. Approval of the …

With just days until the 2022 holiday shopping season begins in earnest, retailers may have a glimmer of hope for more sales if a new survey from Deloitte bears out. In its 2022 Black Friday-Cyber Monday Survey, consulting firm Deloitte predicts that consumers will spend on average $205 on Black …

Payments giant Visa Inc. announced Alfred F. Kelly Jr., a former American Express Co. executive who joined Visa in 2016 as chief executive, will leave that role as Ryan McInerney, Visa’s current president, assumes the title Feb. 1. McInerney came to Visa in 2013 having held the chief executive of …

Twenty percent of consumers plan to use a buy now, pay later plan during the holiday shopping season, according to an October survey of more than 1,000 consumers by the Electronic Transactions Association and The Strawhecker Group. An additional 20% were “on the fence” about using BNPL. In related news, Vagaro, a …

Visa Inc. is leveraging its sponsorship of the FIFA World Cup to showcase several payments technologies, including contactless payments, facial recognition, and digital card issuance. Visa is deploying 5,300 contactless-enabled payment terminals at official FIFA venues and enabling taxis in Doha, Qatar, capital of the host country, to accept contactless …

The PCI Security Standards Council released its PCI Mobile Payments on COTS standard that addresses security requirements for services that enable merchants to accept cardholder PINs or contactless payments using a smart phone or other commercial off-the-shelf mobile device.Private equity firms Centerbridge Partners L.P. and Bridgeport Partners completed the acquisition of transaction processor Computer Services Inc. for $1.6 …

Months after the introduction of Google Wallet, Alphabet Inc. announced late Tuesday it is expanding the availability of the digital wallet to 12 more countries, bringing the total number of countries where the wallet is available to 57. Users will now also be able to make the wallet available on …

Merchants in the United States that use Square’s point-of-sale technology and also accept American Express will be getting a credit card from Square in coming months that will run on AmEx’s network. The so-called Square Credit Card is said to be the first credit card the Block Inc. unit has …

Criminals’ use of language can trip up even savvy consumers, found a new report from Visa Inc. The “Fraudulese: The Language of Fraud” report found that 73% of consumers are likely to miss the requisite red flags in digital communications. The data is based on surveys of 6,000 adults in 18 countries. …