Credit card issuers are seeking to appeal to today’s discerning consumers in a competitive market. To gain top-of-wallet status, they must excel in providing the basics — payments management and fees — and offer other features that consumers care about, such as rewards, data security...
Bank of America is debuting a luxury credit card called the Bank of America Premium Rewards Elite card, CNBC reported. The card was rolled out Nov. 22. Some of its features include a $550 annual fee and double points on travel and dining and 1.5X...
Several big retail brands, including Levi, Superdry and AllSaints, are looking for compensation from Visa and Mastercard over the payment companies’ controversial transaction fees, a Telegraph report says. The fashion chains are following Amazon’s lead – last month, the eCommerce titan said it wouldn’t let...
Credit cards are the gold standard for payments in America. Sixty-five percent of the U.S. population — 168 million adults — have made a purchase using a credit card in the last 12 months, according to The Convenience Catalyst, a PYMNTS and Elan collaboration based...
European payment service provider (PSP) Nets is partnering with Ethoca, a Mastercard company, to help merchants and banks minimize chargebacks, lower consumer transaction confusion, and better share details of confirmed fraud and dispute information. Nets Merchant Services CEO Robert Hoffmann said in a press release...
With credit card interest rates at new highs, campaigners want there to be more caps on the rates, The Guardian writes. The rates are reportedly the highest they’ve been in twenty years. The Bank of England reports that the average annual interest rate is now...
Consumers want more than just a great interest rate when they choose a credit card issuer, PYMNTS research has revealed. Three out of four consumers consider user experience features such as cash back rewards, better data privacy protection and credit-building tools. This is just one...
As consumers learn more about the costs of accepting credit cards, they’re getting more comfortable with the practice of paying surcharges for the sake of convenience — as well as a chance to help small businesses stay afloat. More and more merchants are adopting the...
Visa said it expects to resolve its disputes with Amazon in both the United Kingdom and the United States, according to separate reports quoting the company’s CEO and its chief financial officer (CFO). In the previous days, Amazon had said it would stop accepting Visa...
