Member Exclusive, Payments

Credit and debit cards also undergo changes in the age of digital finance

  • As financial software evolves, physical credit and debit cards are also changing.
  • From design, orientation, colors, and materials, innovation is also coming to cards.
Credit and debit cards also undergo changes in the age of digital finance

The long-anticipated Apple credit card, notable for its sleek white color yet substantial titanium base, has finally made its debut this month. While this card has received a lot of attention in recent months for its unique design, it is not the only card with a big emphasis on style and presentation.

As the credit and debit card markets have grown more competitive, many card distributors– from traditional banks to fintechs– are emphasizing design as a way to promote their cards. There are more than 20 different metal credit cards in the U.S. market alone, according to Credit Card Insider. Like reward points and cash-back schemes, it’s yet another way to try to get people to use the card, said Ron Shevlin, director of research at Cornerstone Advisors. 


This content is available exclusively to Tearsheet Outlier members.

Outlier Upsell

Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — $59/mo

Already an Outlier member?

Sign in to your account  

Payments, Podcasts

Behind the launch of Central Payments’ Falls Fintech accelerator with Trent Sorbe

  • Smaller financial institutions are finding ways to compete against large banks.
  • Central Payments, part of the Central Bank of Kansas City, is a good example.
Zack Miller | October 17, 2019
Payments

Intuit QuickBooks and Visa give small businesses real time access to funds

  • New Instant Deposits feature improves cash flow for SMBs with faster access to payments
  • Visa Direct powers real-time payments and disbursements in a variety of industries.
Michael Deleon | October 09, 2019
Member Exclusive, Payments

Research: Popularity of mobile payments is creating new retail payment use cases

  • The global payments industry is taking strong steps towards an ecosystem approach.
  • Take up of open banking has been lukewarm, so payment players should prioritize strategies within these new parameters.
Zoe Murphy | October 08, 2019
Payments

New cross-border payments come to Samsung Pay and Brex

  • Cross border payment integrations are becoming more popular.
  • Now, Samsung Pay and Brex have partnered with international money transfer firms.
Michael Deleon | October 04, 2019
Member Exclusive, Payments

Reloadable prepaid cards act as a fertile platform for innovation

  • The reloadable prepaid card market was robust before new retailers joined in.
  • An increasing number of brands are issuing them to engage with their customers.
Sara Toth Stub | October 02, 2019
More Articles