The CFPB wants to take a closer look at overdraft fees, stating Monday (Oct, 27) that it tends to view overdraft as a form of short-term credit, and thus subject to the types of stringent regulations that the CFPB favors for shot-term lenders. Get the...
The run-up to a Chinese Shopping holiday known as Singles Day (in honor of unattached consumers who are encouraged to buy themselves nice things) has tipped off a trademark spat between Chinese e-commerce players. The dispute came into focus after Alibaba rival, JD.com, publicly published...
The day after Visa signaled that it will raise the interchange fee charged to U.S. banks next year, both Visa and MasterCard “are on the verge of lowering the processing fees paid by Canadian merchants, a move that reflects the traction merchants have gained with...
There are three things that consumers, merchants, issuers and card networks all want from a payments experience: that it be secure, that it be easy to use and that it be available to consumers at all of the places they want to shop. The payments...
When Ramesh Tainwala took over as CEO of luggage giant Samsonite International this month, he got an important lesson in the nuance of phrasing in China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Although Starbucks CEO Howard Schultz said his coffee company has already found the recipe to capture a loyal base of mobile customers, he said the launch of Starbucks’ mobile order and pay app in December will be the single-most important technology innovation introduced by the...
E-tailer QVC announced Thursday (Oct. 30) that it will let shoppers use the TouchID fingerprint recognition capabilities on recent iPhone models to authenticate purchases in-app instead of passwords or PINs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
As if more evidence was needed that the fleet card business is alive and well, segment leader FleetCor Technologies reported Thursday (Oct. 30) that its third-quarter revenues jumped 31 percent to $295.3 million and its net income grew 21 percent to $95.5 million. Get the...
Americans are trusting banks less while their trust in credit unions has stayed pretty much the same, according to poll results released Thursday (Oct. 30) by the The Harris Poll. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
