After years of bank fee increases—both in type and amount—those fees may be on the decline. “Banks are making less of their money from customer-account fees than at any time in the past seven decades as strict government rules and changing consumer behavior squeeze a...
Amazon has removed a lot of the friction associated with shopping on and offline: easy checkout, fast delivery, massive product inventory. Yet Safwan Zaheer, a global product and strategy exec for a top global bank, said retailers can harness the power of digital to enable...
Delta Airlines this week reached a settlement with Visa and MasterCard in its dispute over interchange fees. The airline had opted out of a settlement agreement the card brands reached with merchants last year that the retailers contended was unfair. Should American Express, which issues...
E-Invoicing and purchase-to-pay company Basware has recently passed another growth milestone with over 80 million annualized e-invoice and purchase order transactions sent and received across its Basware Commerce Network. Those impressive stats makes the company the largest of its kind in the world, and is...
Yet more research is showing the resilience of cash use in the U.S. People, it seems, just like to use it, especially for smaller purchases. Or they do for now, at least, as change may be afoot, especially among U.S. payment cardholders. Get the Full...
A new analyst report sent Visa shares tumbling almost one percent late last week, after the analyst group said it expected much tougher negotiations between banks and Visa regarding Visa-branded credit cards. “Many of the larger international banks are becoming better educated and much tougher...
If rumors are to be believed, and I think they are, Apple’s upcoming iPhone event on 9/9 will finally bring the company into the world of consumer payments. It’s not all that surprising really. Apple has a tendency to let markets mature a bit and...
Bitcoin figure Charlie Shrem, accused of a plot to sell more than $1 million in Bitcoins improperly, will plead guilty on Thursday (Sept. 4) in New York federal court to “unlicensed money transmission, his lawyer is quoted saying in a Reuters report. Get the Full...
At its launch next Tuesday (Sept. 9), Apple may be able to announce the final elements needed for it to truly leverage the hundreds of millions of payment card details stored within its iTunes and AppStore databases, thanks to deals quietly cut with both Visa...
