Prepaid Cards

Increasing issuance of contactless cards, along with stronger demand from instant-issuance platforms, are generating tailwinds for at least one of the companies that produce payment cards. CPI Card Group Inc. early Monday cited these factors in reporting record sales for the June quarter, leading top executives at the Littleton, Colo.-based …

Datacap Systems Inc. said it is working with gift card provider Card Market to enable Datacap partners to order custom gift cards for Datacap Gift, Datacap’s new omnichannel gift platform.E-commerce platform Promenade Group expanded its service to include Promenade for Butchers that includes a Web site, online ordering, delivery options, marketing, back-office management, …

Dee Hock, who died Saturday at 93, may not have single-handedly founded the modern electronic payments industry, but he came closer than anyone else to claiming that mantle. He is widely credited as the force that harnessed a widely varied collection of banks to start the credit card system that …

Authentication provider Veriff said an analysis of Google search data, a survey of 1,000 U.S. adults, and the FBI’s Internet Crime Report 2021 data found that credit card fraud accounted for 2.3% of all reported online crimes. Phishing and its variations had the highest rate of 44.76%.Payments provider Lightspeed Commerce Inc. said it has …

Dining-deal Web site Restaurant.com will work with payments provider Blackhawk Network to expand the site’s gift card program via Blackhawk’s online distribution network.SpotOn, a payments provider for restaurants, has been named a preferred technology partner by the New York State Restaurant Association.Amount, a fintech specializing in the rapidly expanding buy now, pay …

Snarled supply chains and production shortfalls continue to plague the semiconductor industry, leading the Smart Payment Association to warn early Thursday that significant shortages in card deliveries will continue in the payments industry for at least another 18 months. What’s more, these credit and debit card deliveries that are being …

Mastercard Inc. released what it says is its first music album, featuring 10 songs that include the melody of the card network’s advertising. The album was launched at the Cannes Lions Festival of Creativity.Processor Jack Henry & Associates said more than 250 financial institutions are now using its platform, JHS PayCenter, to …

Credova, a buy now, pay later platform for outdoor-sports-related purchases, launched its Pay in 4 program, allowing shoppers to split purchases into four installments at no interest.Point-of-sale technology provider PredictSpring said it has raised $16 million in a Series B funding round.Point-of-sale system maker Bravo Systems released updates for automated form completion and text …

Total credit and debit card dollar volume for Bank of America Corp. increased 9% in May year-over-year, with credit card volume up 16% and debit volume up 9%, the Bank of America Institute reported.A research report from Aite-Novarica finds what the report calls “excessively high rates” of identity theft, which the report says …

The Consumer Financial Protection Bureau has sent a letter to the chief executives of JP Morgan Chase, Citibank, Bank of America, Capital One, Discover, and American Express asking them to explain the practice of omitting data about consumers’ monthly credit card payments when sending information to credit-reporting companies. The CFPB contends the …