Fed study highlights growth in card, ACH payments
Payments Dive
APRIL 24, 2023
Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.
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Payments Dive
APRIL 24, 2023
Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.
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Payments Dive
MARCH 26, 2024
card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades. The two biggest U.S.
Payments Dive
APRIL 24, 2024
The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.
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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.
Payments Dive
APRIL 3, 2024
The Consumer Financial Protection Bureau received 70,000 card-related complaints from consumers last year, according to a report last week.
Payments Dive
FEBRUARY 12, 2024
Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.
Payments Dive
APRIL 15, 2024
Card programs can increase purchase authorization rates without taking on undue fraud-liability risk with 3-D Secure (3DS). Here’s what it is and how card issuers can leverage it.
Payments Dive
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New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
Payments Dive
JANUARY 22, 2024
If it were to pass, the Credit Card Competition Act proposal would result in additional costs without any gains, argues one payments industry consultant.
Payments Dive
APRIL 18, 2024
The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.
Payments Dive
FEBRUARY 17, 2023
Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies.
Payments Dive
NOVEMBER 20, 2023
card company now has a means of processing card payments inside China, after years of waiting on Chinese government approvals.
Payments Dive
FEBRUARY 7, 2024
Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.
PYMNTS
JANUARY 18, 2021
Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report.
Payments Dive
MAY 1, 2023
The giant retailers eagerly await instant payment system possibilities, especially as an alternative to card payments, according to industry professionals who heard their representatives speak recently.
Payments Dive
DECEMBER 6, 2023
The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.
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.
Payments Dive
SEPTEMBER 21, 2023
The state’s lawmakers approved a bill that would ban the use of plastic for gift cards by 2027, but it’s still waiting on the governor’s signature.
Payments Dive
SEPTEMBER 29, 2023
“There's a huge, huge upside” for the environment every time a gift card is made from paper instead of PVC plastic, Blackhawk Network Senior Vice President Cara Renfroe said in an interview last week.
Payments Dive
NOVEMBER 21, 2023
As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.
Payments Dive
JANUARY 24, 2024
Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.
Payments Dive
MARCH 22, 2024
Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.
PYMNTS
OCTOBER 6, 2020
New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. merchants accept touch-free payments.
Payments Dive
AUGUST 8, 2023
Card network giant Visa and digital payments company Block are among those tapping artificial intelligence to save money and serve customers in new ways.
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. He noted new fintech tools could ultimately be a benefit if they add competition.
Payments Dive
SEPTEMBER 1, 2023
Dick Durbin and Roger Marshall railed against expected credit card fee increases following a report that hikes are planned for October and April.
Payments Dive
SEPTEMBER 15, 2023
The fight over the Credit Card Competition Act is intensifying on Capitol Hill, with Senate floor diatribes and doughnut truck freebies.
Payments Dive
MARCH 14, 2024
The card network giant wants to simplify payment processes for chief financial officers, accounts payable staff and procurement professionals, via the new tie.
Payments Dive
OCTOBER 6, 2023
The debit card allows patients to swipe first, then pick a payment plan later, PayZen CEO Itzik Cohen said.
Payments Dive
MARCH 27, 2024
Major credit card providers offset attractive rewards programs with fees and interest, costing consumers carrying balances, CFPB Director Rohit Chopra said.
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The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.
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.
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. Was the pandemic to blame or is something more?
PYMNTS
NOVEMBER 23, 2020
23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. The shift to digital payments has been gaining momentum.
Payments Dive
FEBRUARY 14, 2024
Dick Durbin, sponsor of a card network competition bill, urged the CEOs of Visa and Mastercard to appear at an April congressional hearing and not send their underlings.
Payments Dive
OCTOBER 20, 2023
The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.
Payments Dive
AUGUST 25, 2023
After recasting its card strategy, the buy now, pay later provider is taking a gradual approach to adding new cardholders, teasing more rewards to come.
Payments Dive
OCTOBER 26, 2023
"With credit card debt crossing the trillion dollar mark, we will be working to prevent bait-and-switch tactics when it comes to rewards,” CFPB Director Rohit Chopra said in a Wednesday press release.
BankBazaar
APRIL 19, 2024
Confused by Credit Card jargon? This blog post is your saviour, translating complex Credit Card terminology into plain English. Dive in and learn to speak the language of Credit Cards – without getting lost in translation! Due Date The deadline by which the payment must be made to avoid late fees and penalties.
PYMNTS
DECEMBER 3, 2020
Might mobile payments help revolutionize corporate cards? It’s been well documented how reliant on paper checks B2B payments have been right up to and even into the pandemic — with a significant percentage of payments being done through those antiquated means.
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