The U.K. Payment Systems Regulator (PSR) published on Tuesday (June 21) details of two market reviews that is planning to conduct later this year on Visa and Mastercard’s processing fees and cross-border interchange fees. The first market review, on scheme and processing fees, stems from...
Mastercard can add new customers in India after that country’s central bank determined the company was in compliance with data-storage regulations. As Bloomberg reported Thursday (June 16), the decision comes nearly a year after the Reserve Bank of India placed its restrictions on Mastercard. Learn...
American Express and Delta Air Lines are introducing a limited edition credit card created with 25% metal from Delta Ship #6307, a retired Boeing 747-400. The new card pays homage to the Boeing 747, the first wide-body jet affectionately known as the Queen of the...
TD Bank Group announced the launch of TD Payment Plans, a new credit card feature that gives eligible TD cardholders the opportunity to pay for qualifying purchases of $100 or more in six, 12 or 18 equal monthly payments, according to a Tuesday (June 14)...
Credit card surcharges are permissible in most states and are useful to merchants for what those fees cover, but many consumers dislike these charges even though most will pay them. As payments choice proliferates, however, we see consumers who use a more diverse assortment of...
A little knowledge can go a long way. This might be sage advice to the growing number of merchants levying surcharges on credit card transactions to help cover card processing costs and boost income, a common practice permissible by law in all but a handful...
Consumers are increasingly letting their credit card debt revolve and letting interest mount instead of paying off what they owe each month. Typically this is good news for banks, as credit cards are big money makers. During the pandemic, many bankers felt the financial pinch...
Thames Technology’s Fusion Card will be the first metal card with a dual interface to be manufactured in Europe, the company announced on its website. The U.K.-based company said the development comes through Amatech IP, the standard technology for dual interface metal cards around the...
After taking a hard look at publicly available information plus app usage data to which we have access, PYMNTS assigns a score to each app. This is done each month, and then we release the Provider Ranking of Credit Card Apps. This time, the leader...