If pre-season estimates were correct, this holiday season was worth $1 trillion in the United States alone. And even if it doesn’t quite make it over the trillion-dollar milestone, consumer spending will certainly get within striking distance – which attests to the fact that in the...
Would you pay interest on a cup of coffee? Not willingly – unless you use a credit card at the POS terminal, that is, in which case you’ll pay the retail price plus 21 percent. Cover just the minimum due for a few months, as...
The U.K. financial watchdog the Financial Conduct Authority (FCA) is telling credit card companies to reduce fees on nonpayers’ debt rather than cancel cards, the agency announced on Monday (Feb. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Commonwealth Bank of Australia (CBA) has invested $200 million in the Swedish FinTech unicorn Klarna, the buy now, pay later service for shoppers, both companies announced on Thursday (Jan. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Adyen will help process payments for quick-service restaurant (QSR) chain Subway in the U.S. and Canada, the firms announced on Tuesday (Jan. 28), Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The New York City Council on Thursday (Jan. 23) passed a ban on cashless food and retail stores. The ban was reportedly spearheaded by Councilmember Ritchie Torres. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Clearing House (TCH) is upping the value limit for transactions from the current level of $25,000 to $100,000 starting Feb. 1, TCH announced on Thursday (Jan. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Indian telecom operator Reliance Jio, the largest in the country, is entering the Unified Payments Interface (UPI) space to compete alongside rivals, reports said on Monday (Jan. 20), including big names like Google Pay, PhonePe, Paytm and more. Get the Full Story Complete the form...
Millennials and Gen Yers are notoriously distrustful of credit. This helps explain why only about half of U.S. millennials have a credit card – which is to say a single credit card – and why one-third of all Americans today have never even applied for...
