Tag: Card

Modi launches property card scheme to aid rural households

MUMBAI (Reuters) – Prime Minister Narendra Modi launched a property card scheme on Sunday that he vowed would provide clarity of property rights in villages and enable farmers to use their property as collateral for loans from financial institutions.

Two-thirds of India’s population lives in rural areas, where few possess proper land records and property disputes are common.

“This is a historic effort towards rural transformation,” Modi said in a webcast speech while launching the programme.

The government plans to use drone technology to map land parcels in rural areas and cover some 620,000 villages over the next four years, Modi said.

“Despite owning houses, people were facing multiple problems while borrowing from banks. These people can now borrow very easily from banks after showing property cards issued under ownership scheme,” Modi said.

An initial batch of 100,000 people from over 750 villages across six states will begin to receive

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Gaming giant Razer is launching a prepaid credit card that lights up when you make payments



a stereo on a table: Razer


© Razer
Razer

  • Gaming company Razer is launching a prepaid credit card with Visa in Singapore.
  • The card is virtual, similar to the Apple Card, but users can request a premium physical card that lights up when you make payments.
  • Razer is the latest tech company to branch out into the personal finance space, along with Apple and Samsung.
  • Visit Business Insider’s homepage for more stories.

First there was the Apple Card, now there’s the Razer Card.

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Gaming company Razer just unveiled the Razer Card, a prepaid credit card it created with Visa that will be available in beta in Singapore. Razer previously announced its ambitions to build a prepaid card in partnership with the payments giant last year, but unveiled the card and beta program on October 5.

Similar to the Apple Card, the Razer Card is a virtual card that can be accessed via the company’s

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Venmo’s new credit card is set to garner spend among core audience

  • Venmo’s new Synchrony-issued credit card is beginning a limited rollout.
  • The card is likely set to garner spend among Venmo’s core audience, in turn driving engagement for the firm and volume for Synchrony.

The card, which will be issued by Synchrony Financial and Visa-branded, will be made available to a targeted group of users who can apply within the Venmo app this year, before a broader rollout in 2021.

US venmo users and volume

Venmo’s new Synchrony-issued credit card is beginning a limited rollout.

Business Insider Intelligence


Approved users will receive both a virtual card number and physical companion card that is contactless-enabled and printed with their unique Venmo QR code. The card most notably boosts a tiered cash-back system that offers customers between 1% and 3% in eight categories. Customers’ 3% category will be determined in real time based on where they spend most, with the 2% being their second-top category, and 1% for

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Apple Pay Express Transit now supported by Japan’s PASMO card

Contactless payment system PASMO recently activated support for Apple Pay and Apple’s Express Transit feature, enabling users to utilize a range of public transportation options without unlocking their iPhone or Apple Watch.

As detailed in an explainer posted to the PASMO website, the smart IC card can be provisioned and managed in the Wallet app on devices running at least iOS 14 or watchOS 7.

Similar to JR East’s Suica transit card, PASMO can be used as a touchless payment option on buses and trains across the country. Users can also buy snacks, drinks and other items at compatible vending machines and certain shops that accept IC cards. Further, PASMO enjoys interoperability with Suica, which gained Apple Pay support in 2016.

In addition to Apple Pay integration that allows card holders to refill PASMO balances within the Wallet app, the payment system supports Apple’s Express Transit feature.

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Venmo launches a credit card

Venmo’s first credit card is here, a former Amazon employee is arrested for fraud and we review the Nest Audio smart speaker. This is your Daily Crunch for October 5, 2020.

The big story: Venmo launches a credit card

PayPal -owned mobile payment app Venmo already offers a Mastercard-branded debit card, and it announced a year ago that it was planning to launch its first credit card as well. Today, it made good on that promise.

The Venmo Credit Card is a Visa card that offers personalized rewards and 3% cash back on eligible purchases. The cards come in five colors and include the user’s own Venmo QR code on the front.

Naturally, it also integrates with Venmo, allowing customers to track their spending and make payments from the mobile app. The card is currently available to select Venmo users, with plans to launch for the rest of the U.S.

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Months-old Uni raises $18.5 million seed round to expand India’s credit card market

The credit card industry in India appears to be stuck. According to industry estimates, between 30 million to 35 million people in the country today have at least one credit card, with up to 58 million being in circulation. Compare this to almost 1 billion debit cards.

One reason the vast majority of the population has not made the cut is because they don’t have a credit score. And so few people have a credit score because banks and credit card companies still rely on age-old methodologies to determine someone’s creditworthiness. For example most banks in India are only comfortable issuing credit cards to individuals who have full-time employment with one of a few hundred companies listed in dated spreadsheets the banks maintain.

Nitin Gupta, a veteran in the financial services business, has co-founded Uni

Nitin Gupta, through his new startup Uni, wants to address some of these issues. And

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IDEMIA Launches its Global Fintech Accelerator Card Program to Support FinTechs and Neobanks in Their Card Issuance Process

IDEMIA, the global leader in Augmented Identity, helps FinTechs launch card programs rapidly with the IDEMIA Fintech Accelerator Card Program, a dedicated program from onboarding to card issuance.

In the context of a rapid transformation of the banking industry, IDEMIA, the global leader in Augmented Identity, supports FinTechs and neobanks with the launch of the Global Fintech Accelerator Card Program. This new program allows a rapid process from cardholder onboarding – to card issuance.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005366/en/

(Photo: Business Wire)

IDEMIA’s leadership in card manufacturing, as the number 1 global FinTech card issuance partner, is based on a solid experience of a global dedicated FinTech team and a network of 30 Service Centers in 26 countries around the world. FinTechs can leverage the capability and know-how of IDEMIA to enable card issuance into the marketplace anywhere in the world.

Over the years,

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Apparent Apple Card snafu attributes AT&T charges to small Dallas accounting firm

Some Apple Card users recently noticed a discrepancy on their rolling statements, with AT&T charges mistakenly attributed to Dallas tax accounting firm Waters, Hardy & Co.

Problems associated with the odd mixup began to crop up on Thursday, when a number of users saw aberrant transactions appear in their Wallet app, reports MacRumors.

Some Apple Card owners traced the error back to what seems to be a mislabeled AT&T charge. Instead of properly assigning certain charges to AT&T, Apple Card processing is for some reason ascribing those purchases to the tax firm. The mistake is expectedly causing confusion for card holders who keep close track of their spending.

Waters, Hardy & Co., which has received a deluge of calls from confused Apple Card customers, confirmed the problem in a statement posted to Facebook on Wednesday.

If you see a charge on your Apple credit card from “Waters, Hardy

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Some Lucrative Card Bonuses; How Ruth Bader Ginsburg Helped Women Get Credit Cards

Ruth Bader Ginsburg Paved the Way for Women to Get Credit Cards

If you are a woman who holds a credit card, you owe it in large part to the efforts of Ruth Bader Ginsburg. In Reed v. Reed, the landmark 1971 case highlighted in the 2018 film “On The Basis Of Sex”, Ginsburg co-wrote a brief arguing that a provision of Idaho state law which said men were to be preferred to women in appointing the administrators of an estate violated the Constitution. The court agreed, finding unanimously that dissimilar treatment, “on the basis of sex,” between men and women was unconstitutional. [NextAdvisor]

Here’s Who Qualifies for Chase Sapphire Preferred’s New Massive, Limited-Time 80,000-Point Welcome Bonus

Chase just released its highest ever welcome bonus: eligible new Chase Sapphire Preferred Card applicants can earn 80,000

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X1 Visa Credit Card Uses Income, Not Credit Score to Determine Your Spending Limit

The new X1 Visa Card, created by former Twitter execs with backing from PayPal co-founder Max Levchin, is planned for release this winter, and the company opened its waiting list this week. I signed up (there are about 23,000 people ahead of me). You might want to as well, because it sounds like the X1 card will be unlike any credit card you’ve seen before. And it could be especially useful for entrepreneurs.

What’s different about the X1?

1. It doesn’t use credit scores to determine your credit limit.

“The consumer credit card industry has been almost untouched by tech and has relied on the archaic credit score system,” co-founder and former Twitter exec Deepak Rao told TechCrunch. Instead, X1 determines how much credit to give you by looking at your current and future income. By comparison, your credit score is essentially a record of your past–how much debt you

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