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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

Cards 125
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Why surcharging remains controversial, even when most states allow it

Payments Source

Oklahoma lawmakers' decision last month to drop the state's surcharging ban was yet another signal that U.S. merchants have the final say in whether to apply extra charges to credit card transactions to offset interchange fees.

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Entering the cannabis banking market

Independent Banker

When Oklahoma legalized the sales of cannabis for medicinal purposes in 2018, executives of $550 million-asset Blue Sky Bank in Tulsa, Okla., Our compliance program, based on elevated risk, is very robust. However, the ambiguous legal landscape complicates compliance; 47 states, the District of Columbia and four U.S.

Marketing 113
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Self Financial handles the technology, including access to online accounts and an app, as well as marketing aspects of the program, and Lead Bank provides the compliance and access to the banking system. Two years ago, Lead Bank and Self expanded the program to include a secured credit card. Oklahoma City. Oklahoma City.

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Open Letter to the OCC: Make Real Innovation Possible

Bank Innovation

A trifling blogger on banking innovation writes to the Office of the Comptroller of the Currency, despite its historically apathetic view on such matters.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Gift cards backed with public company equity. Fingerprint-authenticated payment card. HQ: Oklahoma City. Bitcoin compliance solutions. Card rewards management. Tags: Consumer, credit cards, rewards, travel. Source: Re/Code. HQ: San Jose, California. Latest round: $15 million. Total raised: $15 million.

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GonzoBanker Awards 2017

Gonzobanker

GonzoBanker of the Year – The Gonzo team would like to salute the career of David Rainbolt of BancFirst in Oklahoma. The Get Outta Dodge (and Focus) Award – Goes to Capital One for exiting a significant mortgage business to focus on cards and direct banking. THE BANKING AWARDS. Takes big ones to walk away from a big business like that.