CFPB attacks credit card late fees
Payments Dive
FEBRUARY 1, 2023
The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion
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Credit card debt surpasses pre-pandemic levels: Fed
Payments Dive
FEBRUARY 17, 2023
Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies
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Demand for credit cards climbed this year
Payments Dive
NOVEMBER 22, 2022
Consumer demand for credit cards rose this year over prior years, and card issuers increasingly approved their applications despite the worsening economic climate
Durbin maps path for card bill
Payments Dive
OCTOBER 3, 2022
Roger Marshall, seek to attach their credit card competition legislation to a defense spending bill Dick Durbin and his Republican ally, Sen.
The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards
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This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.
Gun merchant code approved for card purchases
Payments Dive
SEPTEMBER 10, 2022
An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard
Walmart shooter likely used card to buy gun
Payments Dive
MARCH 7, 2023
The gunman in a 2019 attack at an El Paso Walmart store likely used a credit card to buy his gun online. This story is one in a series of pieces tracking payment methods for guns used in mass shootings
Holiday shoppers boost card use this year
Payments Dive
NOVEMBER 21, 2022
Families of all income levels plan to increase holiday spending this year, and they expect to rely more heavily on credit cards for their purchases
Grubhub launches corporate pay card
Payments Dive
MAY 5, 2022
Employers with a Grubhub Corporate Account can set parameters on when workers can use the pay card or choose to give them a daily or weekly credit to use when ordering from partner restaurants on the delivery marketplace
Durbin to reintroduce credit card competition bill
Payments Dive
JANUARY 6, 2023
The Democrat’s bill takes aim at the Visa-Mastercard duopoly, but faces an uphill battle for passage in a House controlled by Republicans
Card amendment misses defense funding bill
Payments Dive
OCTOBER 12, 2022
Dick Durbin wasn’t able to attach the Credit Card Competition Act proposal to a defense funding bill this week, but he will try again next month
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Chip shortage drives up card costs
Payments Dive
MAY 26, 2022
Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips
Credit card alternatives rise
Payments Dive
AUGUST 18, 2022
Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power
Corporate Card Innovators Dive Into Virtualization
PYMNTS
DECEMBER 16, 2020
As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce.
CFPB warns card issuers on credit reports
Payments Dive
FEBRUARY 21, 2023
The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories
Democrats slam card CEOs over gun code
Payments Dive
MARCH 16, 2023
A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code
DailyPay releases card with Visa
Payments Dive
AUGUST 23, 2022
The earned wage access provider introduced the new debit card after major changes in leadership earlier this year
Fed delivers mixed credit card data
Payments Dive
MAY 12, 2022
While first-quarter consumer credit card debt rose relative to the same period last year, it dropped compared to the fourth quarter. Meanwhile, consumers' outlook on the availability of credit deteriorated
How does Gen Z feel about credit cards? It's complicated.
Payments Dive
MARCH 16, 2022
As they turn toward credit cards, industry analysts say these consumers are likely to keep card companies on their toes Each generation has approached credit differently; Gen Z is no exception.
Durbin proposes card fee reforms, not legislation
Payments Dive
MAY 5, 2022
Dick Durbin pushed for a handful of reforms of credit card fee practices at Wednesday's Senate Judiciary Committee hearing on "excessive swipe fees," but didn't offer plans for new legislation.
CFPB's Chopra blasts potential card hikes
Payments Dive
MARCH 14, 2022
In a rare TV appearance, the director of the Consumer Financial Protection Bureau said that the payments industry isn't competitive enough and that fee hikes by the big card companies would add "insult to injury" at a time of inflation.
Tipalti introduces new card
Payments Dive
SEPTEMBER 20, 2022
last year, the company this year is targeting more growth with a new card, a newly promoted president and 100 more employees After entering the U.K.
Card Competition Act skids toward 2023
Payments Dive
DECEMBER 21, 2022
With the bill unlikely to be passed by Congress this week, supporters of the Credit Card Competition Act are turning their attention to next year
Plastiq sees inflation boosting B2B card payment use
Payments Dive
JULY 5, 2022
As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital
Uber adds debit card, instant deposit for drivers
Payments Dive
OCTOBER 7, 2022
Uber’s new debit card will provide drivers up to 10% cashback on gas, 12% on EV charging and instant pay after completion of a ride or delivery
Getting in contact with contact-less cards
Payments Dive
SEPTEMBER 1, 2020
The world of payments is changing and what was once a preferred way to pay, with a debit or credit card, is being overtaken by the contactless and card-not-present methods.
Card companies urged to code gun sellers
Payments Dive
AUGUST 31, 2022
Calls from government officials urging Visa, Mastercard and American Express to support creating a merchant category code for gun sellers are growing louder
Restaurant gift card sales dip
Payments Dive
AUGUST 17, 2022
Restaurant gift card sales for the first half of this year were down about 2% over the period last year, according to foodservice industry software provider Paytronix
Card industry’s fraud-fighting efforts pay off: Nilson Report
Payments Dive
JANUARY 5, 2023
Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report
Card … short for Cardbored
Chris Skinner
JUNE 5, 2019
I’ve been finding it increasingly frustrating on my travels, thanks to one of my credit card companies. My travelling depends on two credit cards: a bank issued corporate MasterCard and American Express. The reason I carry these two is that the MasterCard works across Europe, where quite a few countries … The post Card … short for Cardbored appeared first on Chris Skinner's blog.
Debit's on a Roll. Are Small Merchants Getting Rocked?
Payments Source
MARCH 30, 2021
Compliance Debit cards DoJ VisaThe Justice Department's probe of Visa highlights whether merchants are properly equipped to adapt to the cost of debit spending as more commerce goes digital. ]].
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Apple Card Users Can Now Make Online Card Payments
PYMNTS
JULY 2, 2020
With a new website Apple has launched, Apple Card holders will be able to check balances and do business online, the company said, according to MacRumors. The site, card.apple.com , allows users to sign in and see their balance, their next payment due date and the total limit of their card.
Coupa, American Express Team On Virtual Cards
PYMNTS
OCTOBER 19, 2020
American Express is working with Coupa on a new partnership to use virtual cards for Coupa's B2B solution, a press release says. The move toward virtual cards comes with a rising demand for work-from-home solutions, more popular now during the pandemic.
Credit card interest rates reach record
Payments Dive
SEPTEMBER 2, 2022
With the Federal Reserve pushing up interest rates to calm inflation, the average credit card interest rate is climbing, too, reaching a two-decade-plus record in August
House lawmakers add credit card competition bill
Payments Dive
SEPTEMBER 20, 2022
Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly &rdquo
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