Just ahead of July 4th festivities, fireworks were provided for the industry this week courtesy of the Federal Reserve’s final proposal for debit card regulation. The interchange cap of 21 cents per transaction is set, but what’s not is how merchants, financial institutions and other...
June 30, 2011 Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications...
Dealing with Durbin Strategy #1: eBillme CEO Shares IdeasOne of the top entrepreneurs in payments, eBillme CEO Marwan Forzley, brainstorms with Market Platform Dynamics founder David S. Evans innovative ideas for FIs to recoup revenue in the face of new debit interchange caps. Get the...
In recent years, credit card reward programs have become a basic component of personal finance. Credit card issuers use them to entice consumers to spend more on a given card. [1] Consumers use them to earn a rebate on amounts spent or as an alternative...
MasterCard’s new In-Control Card (the name speaks for itself but more details on their Product Profile)–illustrates the good side of behavioral economics. Behavioral economics is the new (within economist-time) field that studies how and why people act the way they do and tosses out old...
MasterCard’s new In-Control Card (the name speaks for itself but more details on their Product Profile)–illustrates the good side of behavioral economics. Behavioral economics is the new (within economist-time) field that studies how and why people act the way they do and tosses out old...
With almost 90% of payment transactions in India done in cash, there is little doubt that alternative payments have taken a back seat. Recently, banks have begun to promote electronic payment with efforts to tip the scale. Get the Full Story Complete the form to...
CreditNumber of credit cards issued by banks (2010) – 23 Million Number of credit card payment transactions (2009) – 259.6 Million Number of credit card payment transactions by value (2010) – 751.5 Billion INR Get the Full Story Complete the form to unlock this article...
As the 11th largest card market, and projected to rank 7th for 2011 [1], India promises a wealth of opportunities. Many global payment trends [2] have taken hold in the India payments market and are poised to transform it. Trends include the rise of mobile-based...