Tag: Card

Mastercard expands digital first card programme in North America


Directly addressing today’s generation, who does everything – from ordering meals to scheduling doctor’s appointments – on their mobile phones or online, Mastercard today announced the expansion of its Digital First Card Program in North America.

Mastercard is partnering with payment processors including CoreCard, FIS, Fiserv, Galileo, i2c, Marqeta, PTS and TSYS, a Global Payments Company, to provide them with the foundational digital guidelines that will enable consumers to experience a best-in-class digital banking experience, including near-instant access to card information, the flexibility to shop with ease, and the peace-of-mind to securely transact, among other benefits.

Together with Mastercard, these players will work with issuing banks to ensure the foundational requirements of the Digital First Card Program are met, which has been built to deliver an optimal and secure consumer experience by focusing on four key areas:

  • Online Application: Enables consumers to apply online and receive card information
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Which Card to Play in the First Debate? For Biden, Calm. For Trump, Chaos

We’re exactly one week away from the first debate of the 2020 election, and President Trump has endured a brutal September. His troubles include an article in The Atlantic alleging belittling statements by him about American servicemen, and two highly critical books by Michael Cohen and Bob Woodward, the latter quoting him as understanding the terrible consequences of COVID—19 while downplaying its impact publicly. The result is Joe Biden cementing a significant national lead in the public opinion surveys.

Conservatives have complained that Biden has not been forced to answer “tough questions.” That’s probably true but it’s due mostly to Trump’s penchant for intemperate statements that attract media attention. The press loves a good tussle and a misstep by Biden would invite his own press scrutiny.

However, the bottom has not fallen out of Trump’s numbers. More than 8 of 10 Republicans have stuck with him, something that is not

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PayPal, Mastercard Expand Debit Card Offering

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms.

PayPal, Mastercard Add 5 EU Countries To Debit Card Offering

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to additional companies in Europe. The firms said the card is now available in Spain, Ireland, Italy, Austria and France beyond its availability in the U.S., Germany and the United Kingdom. Small companies can have instantaneous access to their PayPal funds and unlimited 0.5 percent cash back on qualified spending with the debit card.

ECB’s Christine Lagarde Pushes For Digital Euro

ECB President Christine Lagarde advocated for the digital euro

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Mastercard opens Apple Card digital-first card-issuing model to processors

Mastercard is making the much-admired Apple Card-like experience—nearly instant access to a payment card issued on the spot through a mobile device—available through mainstream and digital card processors.

The Purchase, N.Y.-based card network hinted last year that Apple Card’s streamlined model would not remain exclusive.

Now processors including FIS, Fiserv, TSYS, Galileo, Marqeta, i2c and PTS are adopting Mastercard’s tokenized Digital Card First Program for their card issuers, Mastercard said in a Wednesday press release.

The move comes about a year after the Apple Card launched from Goldman Sachs on Mastercard’s platform, introducing a combination of streamlined features including an online application, near-instant issuance and activation, in-app account management and an optional physical card.

Apple Card was first announced in March 2019 and it has been a hit with credit card customers, according to Goldman Sachs and Apple, though the companies have not disclosed the number of accounts or their

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B2B Finserv Finds Value In The Virtual Card

The virtual card can be a valuable payment solution for the enterprise thanks to the technology’s security features and mobility. Yet adoption remains limited, largely thanks to corporates’ ongoing use of more traditional payment methods like ACH or even physical cards. Yet this week’s commercial card innovation tracker finds B2B financial service providers embracing the virtual card for a range of use cases, including fleet, corporate travel, and vendor payments.

Comdata Digitizes Legacy Fleet Payment Tool

Embracing the virtual card opportunity is Comdata, a FLEETCOR company, which announced last week the rollout of Virtual Comchek. The solution is a one-time use virtual card that connects fleet drivers to on-demand payment capabilities, and operates as a v-card version of Comdata’s legacy paper-based Comchek payment solution. Fleet managers can send a single-use virtual card to drivers’ mobile devices to make payments on the road, with

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Mastercard Expands its Digital First Card Program Amid Growing Demand for Digitally Driven Money Management Solutions

The MarketWatch News Department was not involved in the creation of this content.

Directly addressing today’s generation, who does everything – from ordering meals to scheduling doctor’s appointments – on their mobile phones or online, Mastercard today announced the expansion of its Digital First Card Program in North America. Mastercard is partnering with payment processors including CoreCard, FIS, Fiserv, Galileo, i2c, Marqeta, PTS and TSYS, a Global Payments Company, to provide them with the foundational digital guidelines that will enable consumers to experience a best-in-class digital banking experience, including near-instant access to card information, the flexibility to shop with ease, and the peace-of-mind to securely transact, among other benefits.

Together with Mastercard, these players will work with issuing banks to ensure the foundational requirements of the Digital First Card Program are met, which has been built to deliver an optimal and secure consumer experience by focusing on four key areas:

Read More

How to Get a Credit Card

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The economic recession caused by COVID-19 has made lenders more conservative in approving lines of credit. This means if your credit score isn’t good, it will be more difficult for you to get approved for a credit card right now. 

“It’s so much harder to get a new credit card or other type of loan now than it was six months ago,”  says Ted Rossman, an industry analyst at CreditCards.com. 

For first-time credit card consumers, qualifying for a card can be extra tricky. Not only has the pandemic changed credit card standards, but a young person with little to no credit may already have a tough

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PayPal launches new debit card for business users

PayPal has launched a debit card for its business users that will give traders easier access to their funds.

The card is part of a tie-in with Mastercard, and can be accepted either online or in person at more than 52 million locations globally.

The payments company said it will not charge monthly fees for the use of the card, nor will it be imposing foreign exchange fees for international transactions, and it is offering unlimited cashback on the card with users earning 0.5 per cent back on purchases. The cash back is automatically credited to the user’s PayPal business account at the beginning of the following month.

Cash withdrawals from ATMs will incur a fixed fee of €2 per transaction.

“When selling online becomes even more important to you, which we’re seeing, having that instant access to your cash becomes even more important because people still need to buy

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PayPal, Mastercard Add 5 EU Countries To Card

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to more businesses in Europe. The companies said in a Wednesday (Sept. 23) announcement that the card is now available in France, Austria, Italy, Ireland and Spain beyond its current availability in the United Kingdom, Germany and the United States.

Small businesses can have immediate access to their PayPal funds and unlimited 0.5 percent cash back on all of their eligible spending with the debit card. They can spend funds kept in their PayPal accounts at more than 52 million Mastercard acceptance locations globally.

The debit card doesn’t have foreign exchange fees or monthly charges, while it has a flat ATM fee of 2 euros ($2.34) globally.

The pandemic has created hurdles for even the most financially strong small companies, and the expansion of the debit card’s availability occurs as business owners throughout

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PayPal and Mastercard Expand Debit Card Offering to More European Businesses

Classified in: Science and technology, Business, Covid-19 virus
Subject: SBS

SAN JOSE, Calif. and BRUSSELS, Sept. 23, 2020 /PRNewswire/ — Today, PayPal (Nasdaq: PYPL) and Mastercard (NYSE: MA) announced that they are continuing the global expansion of the popular PayPal Business Debit Mastercard. The debit card makes it easier for small businesses to have instant access to their PayPal funds and gives them unlimited 0.5% cash back1 on all their eligible spending.

The PayPal Business Debit Mastercard is now available in five new European countries – Austria, France, Ireland, Italy and Spain – in addition to its existing availability in Germany, the United Kingdom and United States.

Mastercard is the one of the most widely accepted cards in the world, meaning PayPal’s business customers can now spend money held in their PayPal account at over 52 million Mastercard acceptance locations worldwide2.

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