Fed banks analyze consumer use of card promos
Payments Dive
MARCH 20, 2024
New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Payments Dive
MARCH 20, 2024
New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
PYMNTS
MARCH 7, 2019
Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. The politician who introduced the bill, Philadelphia City Councilman William Greenlee, said he thinks the general move toward a cashless city is discriminatory toward lower income individuals and other marginalized populations.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
SEPTEMBER 14, 2020
Fashion District Philadelphia garnered more than 70 tenants and an average of nearly 700,000 visitors per open month in its first year, according to a Monday (Sept. Each sMALL Surprises pack encompasses a selection of products, such as on-trend accessories and activity cards. 14) announcement.
PYMNTS
MAY 3, 2017
Wells Fargo is trying to move beyond its fake account scandal, but that’s not happening at least in the city of Philadelphia, where the embattled bank lost a big government contract. Officials in the city of Philadelphia said the move to switch payroll providers wasn’t due directly to the scandal, although it did play some role. “We
Payments Source
FEBRUARY 19, 2019
In the tug-of-war over merchants refusing either cash or cards embroiling local governments in New Jersey, New York City and Philadelphia, the Iowa State Fair is taking the middle ground. Beginning next year, all fair vendors will be required to accept cash, cards and contactless payments through First Data’s Clover devices.
PYMNTS
MARCH 11, 2019
That was on display this week in payments and commerce, as cashless jumped forward in Atlanta with a big partnership, only to get the cold shoulder in Philadelphia where it is now banned by law. In an attempt to lower prices and boost convenience, as of this week the stadium will only take credit cards, debit cards and mobile payments.
PYMNTS
MARCH 21, 2019
San Francisco is considering following in the footsteps of New Jersey and Philadelphia and banning cashless stores, including Amazon Go, according to a report from CNBC. Many lawmakers say cashless stores are discriminatory toward lower-income individuals, as well as those without bank accounts or credit cards.
PYMNTS
MARCH 19, 2019
Philadelphia recently became the first major city to pass a ban on cashless shops; New York, San Francisco, Chicago and Washington are reportedly considering passing similar legislation. Advocates of bans on cashless businesses say they discriminate against lower-income people who might not have access to credit cards or bank accounts.
PYMNTS
DECEMBER 18, 2020
Customers in Baltimore, Boston, Chicago, Dallas, Los Angeles, New York, Philadelphia, San Francisco, Seattle and Washington, D.C. Some curbside customers will also receive complimentary gifts like free unlimited coffee cards, holiday Nordy Bars, Sugarfina cubes and more, the company said. for a $20 fee.
PYMNTS
AUGUST 17, 2020
A Philadelphia-based mall owner is taking a proactive approach to the digital shift and back-to-school shopping. PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective.
PYMNTS
APRIL 26, 2019
Critics contend that cashless stores impact those that don’t have credit cards, bank accounts or like to pay via cash, The New York Times reported. In other cashless payment news, Philadelphia recently passed a ban on cashless stores – the first big U.S. The Philadelphia measure does have some exceptions.
PYMNTS
MARCH 22, 2020
The Fed doesn’t currently think that the virus will be worsened by the transmission and trading-hands of dollars, Joey Lee, spokesperson for the Federal Reserve Bank of Philadelphia, said, pointing to recent Centers for Disease Control and Prevention (CDC) findings. In recent weeks, as the virus has spread rapidly across the U.S.
PYMNTS
MAY 8, 2020
Preserving cash has proved popular among several states, including New Jersey and cities like New York, San Francisco and Philadelphia, which have all passed laws mandating that cash be accepted everywhere. (D-NJ), would maintain cash as a valid method of payment nationwide, going against some places phasing it out as a source of payment.
PYMNTS
JUNE 11, 2019
One restaurant on the company’s platform, for instance, is in a Philadelphia hotel. For payments, the company accepts credit cards and debit cards. As it stands, the company has establishments in Philadelphia on its platform such as Red Owl Tavern, Strangelove’s and Black Sheep Pub. for regular lunch.
PYMNTS
SEPTEMBER 14, 2020
USA Today reported the “Uber Eats Contactless Order Feature” allows users to pay the tab with the app while at a restaurant to eliminate the use of bill holders, credit cards and pens. The dine-in payment feature will launch in Atlanta, Boston, Chicago, Indianapolis, Philadelphia, New York City, Vermont, and Washington, D.C.
Bank Innovation
MARCH 8, 2016
The Philadelphia-based company announced yesterday it would acquire CardConnect, a payments processing platform. FinTech Acquisition Corp., created to acquire a fintech company, has fulfilled its mission. Terms of the deal were not disclosed. FinTech Acquisition Corp. had Read More.
Payments Source
MAY 2, 2018
cryptocurrency firms ask for more regs; Circle boosts its security; Philadelphia adds transit payments tech; Lots of Americans use cards just for the loyalty points. The information you need to start your day, from PaymentsSource and around the Web. Today: U.K.
PYMNTS
NOVEMBER 13, 2019
The kiosks don’t help the significant portion of McDonald’s customers who don’t have debit or credit cards, which is about 8.4 Lower income people just don’t have access to credit cards; they’re paying with a lot of things in cash,” Gordon said. million of U.S. households.
PYMNTS
DECEMBER 27, 2019
Multiple lawsuits seeking class action status have been filed in Philadelphia over a data breach at Wawa convenience stores, which affected 850 locations along the East Coast of the U.S., according to the Associated Press. There have been at least six lawsuits filed in federal court recently.
PYMNTS
NOVEMBER 27, 2019
The expansion of EMV chip-enabled payment cards has made it more challenging for fraudsters to steal credit card information at the point of sale (POS). Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. The city of Philadelphia, Pa.,
PYMNTS
MAY 20, 2020
Similar worries extend to card-based payments, too, as the virus can remain active on plastic surfaces for up to three days. Regardless of such hurdles, recent developments have made contactless cards and mobile payment options particularly appealing and viable options for restaurants planning to reopen soon.
PYMNTS
JULY 24, 2020
I think this is similar to people having a Neiman Marcus card, a Nordstrom card or a Macy’s card,” Williform explained. The company plans to open other locations in Chicago, Houston, Los Angeles, New York City and Philadelphia. . Williform , founder and CEO of the three-year-old Atlanta-based company. . “I
PYMNTS
JUNE 1, 2020
Being an SMB in the eCommerce space, especially at the beginning, is not about competing – it’s about finding partners, and finding strong cards in the deck and playing them. It’s simply a case of playing their strong cards. But anyone who thinks competing with Amazon is a useful exercise should rethink their strategy.
PYMNTS
APRIL 29, 2019
Many citizens in the country are turning to credit and debit cards, and other payment options that exist in the digital world. Earlier this year , lawmakers in Philadelphia passed a ban on cashless stores, making it the first major city in the U.S. to do so, according to a report by The Wall Street Journal.
PYMNTS
MAY 20, 2019
“Sometimes customers don’t have cash, or don’t have the right amount, and cards are fast and convenient.”. 48 percent of people use cards as one of their payment options at vending machines — and of those who prefer card payments, 82 percent cite convenience as the top reason.
PYMNTS
MARCH 15, 2019
However, even as the use of cash declines, there is mounting evidence that it’s not going anywhere, whether it be the ongoing political backlash to the concept of a cashless retail economy or merely the realization among many consumers that using cash instead of credit cards is a better way to keep from sinking into debt. Night Deposits.
PYMNTS
OCTOBER 7, 2019
New scrutiny has hit a Pennsylvania public transport authority, SEPTA, with sources telling The Philadelphia Inquirer that allegations of fraud have led to involvement by the Federal Bureau of Investigation.
PYMNTS
JANUARY 19, 2017
But once the employer opts into the program through a participating benefit provider, the employee is able to add a commuter benefits debit card to their Uber account. At the end of the past summer, Uber announced the initial program that allowed employees to upload their commuter benefits debit card to pay for uberPOOL rides.
American Banker
JANUARY 23, 2020
The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments.
PYMNTS
OCTOBER 6, 2016
and Visa and debit cards for Desjardins shoppers in Canada. Philadelphia Federal Credit Union. Apple is growing its support network by announcing that Apple Pay will expand to 26 new banks and credit unions in the U.S Also, the mobile wallet leader launched in Russia this week with the support of Sberbank, according to 9to5Mac.
PYMNTS
MARCH 20, 2019
SPOT serves cities including Los Angeles, Miami and Philadelphia, per a report last year. Customers who link their loyalty membership to a prepaid card or Starbucks Rewards Visa credit card will not have to worry about expiring points. Commuters order food and pick it up in a restaurant 42.8 times a year.
PYMNTS
AUGUST 25, 2016
24) the installation of its Pay-at-the-Table solution at Uncle Oogie’s, a New Jersey and Philadelphia-based chain of pizzerias. Ingenico Group , the leader in seamless payments, and Datacap Systems , an integrated payments middleware provider, announced on Wednesday (Aug.
Jeff For Banks
JANUARY 18, 2014
He was just in Philadelphia on January 3rd delivering his last public speech and he nostalgically proclaimed that “the recovery remains incomplete,” which will qualify his comment for the understatement of the year award. Our Philadelphia Eagles excited us and made us optimistic that their 2014 will be bright.
PYMNTS
JULY 3, 2019
Look to the Ritz-Carlton in Philadelphia for the freshest evidence of that. The wall-mounted machine also has a 21-inch screen for consumer interaction, and comes ready to accept near-field communication (NFC) contactless and card payments. It’s an elevator-style machine” that brings food to customers, Kerby said.
PYMNTS
FEBRUARY 29, 2016
That’s the finding of a federal court in Philadelphia on the actions of a former credit card fraud analyst for Capital One, Reuters reported. Ask any random person on the street about insider trading and they might point to Wall Street corruption or Martha Stewart. In a ruling that mandates Nan Huang to pay $13.5
PYMNTS
MARCH 27, 2020
Consumers can now purchase nearly anything from them — health and beauty products, electronics, clothing and even groceries — with their credit cards or mobile wallets. cities, including Chicago, Milwaukee, New York City and Philadelphia, and it plans to expand to additional locations.
PYMNTS
DECEMBER 21, 2018
About 1,200 miles, one time zone and significant differences in climate and culture separate New Orleans and Philadelphia, but on Monday and Tuesday nights, that distance can seem much smaller. When accepting credit cards, Yinzer’s charges a $1 fee to offset its transaction costs. Now they will gladly pay that credit card fee. “No
PYMNTS
JULY 11, 2018
This year, in celebration of the shopping holiday that Amazon invented, Prime members will get a $10 Amazon gift card for shopping at Whole Foods during the 36-hour shopping extravaganza. percent lower than the average in the greater Philadelphia area. And now, Amazon is bringing its annual retail holiday “Prime Day” to Whole Foods.
Abrigo
JANUARY 22, 2015
The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. The most popular financing products for which small businesses applied included lines of credit, business loans, credit cards and SBA loans. Only 28 percent sought more than $250,000.
PYMNTS
NOVEMBER 5, 2019
A recent pioneer is Caliburger, which is utilizing facial recognition ordering technology at locations in Pasadena, California, and Philadelphia, Pennsylvania. We’re not the cheapest place in town, but people who have the loyalty card can find a way to get an even better value out of us,” Alexis said. Get the loyalty card.
PYMNTS
JANUARY 21, 2020
Philadelphia lawmakers passed a ban on cashless stores, making it the first major city in the U.S. Supporters of the measure said it was the correct move for people who don’t have credit or debit cards, as well as those who prefer to pay with currency for privacy reasons. to do so, per news in March.
PYMNTS
NOVEMBER 3, 2016
and the restaurant lost his credit card: “I kept thinking that there must be a solution to fix the inadequacies of nightlife out there, or someone must be developing it.”. Rooam has plans to expand to Chicago, Philadelphia and San Diego in the near future. Shams challenged those numbers, saying: “With Rooam, it takes zero seconds.”.
PYMNTS
MARCH 4, 2019
A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week. In terms of the New York legislation (Intro. The debate will likely get increased scrutiny and input from stakeholders. And those stakeholders include ATM operators.
PYMNTS
FEBRUARY 8, 2019
The tiny house will make the rounds across the country — from coast to coast — and stopping in cities such as Philadelphia, Atlanta and Los Angeles along the way after beginning its tour on Thursday (Feb. At the same time, Davich told the outlet that physical stores could potentially be in the cards. 7) in New York City.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content