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Proposed credit card fee rules will benefit retailers, not consumers

American Banker

Big national retailers will capture all the financial benefits from proposed reductions in swipe fees, while consumers will be left with fewer benefits programs and less secure transactions.

Retail 96
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Mumbai Bus Operator To Test India’s National Transit Card

PYMNTS

India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said. The pilot is to see how the system would work.

National 128
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Blackhawk Network Launches Equivalent Of Affinity Cards For Charities

PYMNTS

Gift card giant Blackhawk Network this week announced it is selling charity-branded gift cards that will trigger contributions to those charities when loaded. Recipients of what are being called “Giving Good” cards will be able to use them at any of a number of retail and dining locations.

Cards 266
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National Retail Federation Says Law Violates Merchants’ Freedom Of Speech

PYMNTS

The National Retail Federation (NRF) is calling for more transparency when it comes to credit card fees, urging the Supreme Court to let merchants show customers the extra costs that come with paying with a credit card instead of cash. That would be the opposite of our goal to bring credit card swipe fees under control.

National 100
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National Retail Federation Projects Halloween Spending Will Hit $9B

PYMNTS

billion in Halloween spending, the National Retail Federation ’s (NRF’s) annual survey projects spending for the occasion will reach $9 billion this year. Retailers are stocking up to supply children, pets and adults with their favorite decorations, candy and costumes for the season.”. Just under last year’s record $9.1

National 126
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Credit Card Issuers Struggle to Meet Evolving Customer Expectations

Banking Exchange

Study finds that midsize credit card issuers report greater drop in customer satisfaction levels compared to national counterparts Retail Banking Financial Trends Feature Feature3 Financial Research Cards Payments.

Cards 158
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Gift Cards A Taxing Problem? Not Necessarily Says Tango Card CCO

PYMNTS

Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card. He cited the National Retail Federation , which found gift cards have been a top gift for over a decade. “If

Taxes 233