Card Payments news and trends

Ryft Enables UK Merchants to Accept American Express Card Payments
Partnerships // March 14, 2024

Ryft, a payment platform for marketplaces and digital platforms, has partnered with American Express. “We are now enabling our merchants within the UK to accept payments from Amex Cards,” Ryft said in a Thursday (March 14) post on LinkedIn. This partnership will increase payment flexibility for eCommerce...

Nuvei Expands LatAm Presence With Direct Local Acquiring in Colombia
Acquiring // February 20, 2024

Canadian FinTech firm Nuvei is expanding its Latin American presence with the launch of direct local acquiring capabilities in Colombia. This makes Nuvei the first global payments provider to offer this service in the country, the company said in a Tuesday (Feb. 20) news release. Direct local acquiring...

Demand for Security Solutions Boosts Mastercard’s Value-Added Services Revenues 17%
Earnings // January 31, 2024

For Mastercard, new payment flows and digital innovations outpaced spending growth on cards — though consumers remain resilient. And as management noted in a press release and on an earnings call discussing the fourth quarter of 2023, demand has been strong for security and authentication...

Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
Bank Regulation // October 25, 2023

The most significant overhaul of debit card interchange fees in more than a decade looms, where those fees may be cut by roughly 30%. In the wake of a Federal Reserve Open Board meeting Wednesday (Oct. 25), nothing’s set in stone yet, and a commentary period’s underway....

Interviews & Exclusives
Data Revolution Adds Stability to Uncertain Financial Transactions

May 02, 2024
In the new PYMNTS eBook, “The Implications of Uncertainty,” Thredd Chief Administrative Officer Oliver Dean explores how data analytics and AI have transformed the card payments industry.   Continued uncertainty in the market and our geopolitical landscape is one of the few things that we can be certain of. How businesses navigate turbulence and start […]

Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets

February 16, 2023
The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital payments service provider Paymob, that...

How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud

February 19, 2020
Not so long ago, payments cyber fraud was done primarily by brute force, through guessing passwords and usernames — a scattershot approach akin to trial and error, conducted by lone...

Moving Travel Payments Into The Digital Age

January 31, 2020
In the 21st century, for businesses across many verticals, disruption comes at the speed of digital. That’s especially true of the travel industry, where a “mobile-first” mentality and the emergence...

Quick Reads
Ryft Enables UK Merchants to Accept American Express Card Payments

March 14, 2024
Ryft, a payment platform for marketplaces and digital platforms, has partnered with American Express. “We are now enabling our merchants within the UK to accept payments from Amex Cards,” Ryft said in a Thursday (March 14) post on LinkedIn. This partnership will increase payment flexibility for eCommerce merchants in the United Kingdom, allow more digital platforms to […]

Nuvei Expands LatAm Presence With Direct Local Acquiring in Colombia

February 20, 2024
Canadian FinTech firm Nuvei is expanding its Latin American presence with the launch of direct local acquiring capabilities in Colombia. This makes Nuvei the first global payments provider to offer this service...

Astra Nets $10M and Line of Credit for Card to Card Payments Expansion

October 13, 2022
Astra, which works with finance transfer technology, has announced a Series A funding round that netted it $10 million, a press release said. The company offers a “lightweight API integration”...

Card Issuing Platform Marqeta Launches Risk Management Suite

April 21, 2022
Global card issuing platform Marqeta is introducing a new product suite the company said will help customers that use its card-issuing platform fight fraud — a problem expected to generate...