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New Deals and Digital Expansion Drive Mastercard’s Q2 Revenue Surge
New Deals and Digital Expansion Drive Mastercard’s Q2 Revenue Surge
July 31, 2024  |  Earnings

Playing a hot hand of new deals and balanced global consumer spending, Mastercard posted double-digit revenue growth for the second quarter, as announced in its...

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Affirm Asks CFPB to Consider Unique Business Model of BNPL
Affirm Asks CFPB to Consider Unique Business Model of BNPL
July 29, 2024  |  BNPL

With the Consumer Financial Protection Bureau (CFPB) winding down its commentary period for potential buy now, pay later regulations, Affirm Friday (July 26) submitted a...

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India’s Central Bank Fines Visa Over Payment Authentication
India’s Central Bank Fines Visa Over Payment Authentication
July 26, 2024  |  Regulation

The Reserve Bank of India (RBI) said Friday (July 26) that it fined Visa Worldwide Pte. Limited for its use of an unapproved payment authentication...

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FinTech IPO Index Falls 2%; SoFi’s Galileo Leads With Move Into 3DS
FinTech IPO Index Falls 2%; SoFi’s Galileo Leads With Move Into 3DS
July 26, 2024  |  Fintech Investments

Only one name in the FinTech IPO Index posted earnings this week, as the overall group was down 1.95% through the past five days. Amid...

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Amex Courts Gen Z and Millennial Diners With Gold Card Updates
Amex Courts Gen Z and Millennial Diners With Gold Card Updates
July 25, 2024  |  Credit Cards

American Express is hoping to attract younger consumers with its latest card update. Amex on Thursday (July 25) announced a new version of its Consumer Gold Card, offering...

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Marqeta Teams With Visa to Offer Flexible Checkout Options
Marqeta Teams With Visa to Offer Flexible Checkout Options
July 25, 2024  |  Partnerships

Card issuing platform Marqeta has launched a partnership with Visa and Affirm. The collaboration, announced Thursday (July 25), makes Marqeta the first U.S. processor to enable Visa Flexible Credential, a card offering...

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Visa’s Earnings Spotlights Momentum in B2B Virtual Card Acceptance
Visa’s Earnings Spotlights Momentum in B2B Virtual Card Acceptance
July 24, 2024  |  VISA

Visa’s earnings call Tuesday (July 23) night offered up insight into new payment flows, continued acceptance of virtual cards, and the ways in which business-to-business...

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Mastercard Doubles Fraud Detection Rate With Generative AI
Mastercard Doubles Fraud Detection Rate With Generative AI
July 24, 2024  |  Security & Fraud

Mastercard has unveiled a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology. The company reports that...

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Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay
Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay
July 23, 2024  |  VISA

Visa’s fiscal third quarter results showed continued momentum in new payment flows — and further embrace of contactless payments in brick-and-mortar, face-to-face transactions. CEO Ryan...

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