HDFC Bank, the biggest private sector bank in India, has partnered with Retailio, the Indian B2B pharma marketplace, to roll out co-branded credit cards targeted at pharmacies in the merchant segment, a report from Livemint said Monday (May 23). HDFC said this is likely to...
Nineteen percent of consumers have been asked to pay a surcharge but decided to use another payment method instead. “Credit Card Surcharges,” a PYMNTS and Payroc collaboration, found that cash is the most common alternative payment, but debit cards are preferred by Generation Z cardholders. About...
In today’s FinTech news, flexibility could be a game changer for the direct-to-consumer sector, the IT industry and every space — be it in-store or online. Plus, Greenlight and Mastercard are offering cash-back rewards for reinvestment in long-term savings for things like college and whatever...
Family-centric FinTech Greenlight has unveiled the Greenlight Family Cash Mastercard, a credit card designed to help parents save for their children’s education and other future expenses. According to a news release Tuesday (May 17), the company’s Family Cash Card is Greenlight’s first credit card to...
A source of controversy over the years, credit card surcharges are accepted as fair — and fairly set — by law, and by a surprising percentage of consumers as well. That’s a ripe opportunity for merchants to recoup card processing fees that eat into profits,...
Legal obstacles to surcharges on credit card transactions have been dropping for much of the past decade as courts continue to rule that the surcharges are permissible. This is good news for merchants looking to increase their income by a few percentage points and cover...
At a Senate Committee on the Judiciary hearing on Wednesday (May 4), interchange fees — levied on merchants as credit cards are swiped, paid out to card-issuing banks — were both vilified and defended. Depending on who was speaking, of course. In a hearing that...
Paycheck-to-paycheck consumers are three times as likely to revolve credit card debt and carry higher monthly balances, according to the April 2022 edition of “New Reality Check: The Paycheck-To-Paycheck Report,” a PYMNTS and LendingClub collaboration. More here: Paycheck-to-Paycheck Consumers 3x as Likely to Take On...
Swedish biometrics company Fingerprint Cards AB has teamed up with financial services firm Transcorp to bring biometric technology to India. As the companies said in a news release Monday (May 2), the collaboration will target India’s 940 million cardholders, and marks the country’s first contactless biometric...