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Mastercard Q2 Earnings Preview: Increased Spending, Digital Payments Expected

PYMNTS

Mastercard has expanded its services for SMBs in several ways over the quarter, launching new SMB card rewards that operate like a “toolbox” for fulfilling recurring needs, such as Mastercard ID Theft Protection. Many of the company’s SMB projects are overseas.

Payments 117
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Why State And Local Governments Struggle To Shred The Paper Check

PYMNTS

Governments at the state and local level are having trouble meeting this need, however, as they must also balance regulatory compliance standards against the desires of their in-state residents. Innovations in this area are moving slightly faster in Idaho, which has been slowly introducing digital disbursements to a few programs.

Idaho 130
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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

This was the question posed to Bank Profitability students as part of the Oregon Bankers' Association's Executive Development Program (EDP). In 2019, the major credit card companies charged over $14 billion each year in late fees with an average charge of around $35. Technology offers opportunities to do just that.

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Legal Pot Starts Pulling Its Retail Weight

PYMNTS

As a result, banks, credit unions and payment card networks are hesitant to participate. One of the biggest arguments in favor of federal legalization of marijuana is the opportunity for regulation to pull an industry off the black market, and into the world of compliance and transparency — ultimately promoting consumer safety.

Retail 154
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The Dawn Of A Cashless Global Economy?

PYMNTS

adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards. Which age group is most likely to use a credit card for these small transactions? That would be millennials, ages 18–29, with 64 percent saying they prefer to use cards even for transactions under $5.

Taxes 100
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Retail Payments Fraud: How Consumers and Banks Can Fight Back

FICO

Will Zelle Join Apple Pay, GooglePay and Credit Cards at Point of Sale? For the options available at point of sale (POS), along with credit cards and a host of “-Pay” apps, consumers may soon have another choice on the check-out screen at US retailers: Zelle. Zelle is one of the country’s most widely used money transfer services.

Fraud 52
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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

HQ: Portland, Oregon. Payments risk & compliance management. Tags: Payments, risk, compliance, SMB, merchants, cards, acquiring. Latest round: $12 million. Total raised: $15.2 Source: The Oregonian. HQ: Palo Alto, California. Latest round: $12 million. Total raised: $21.5 Source: FT Partners.