With credit card interest rates at new highs, campaigners want there to be more caps on the rates, The Guardian writes. The rates are reportedly the highest they’ve been in twenty years. The Bank of England reports that the average annual interest rate is now...
Consumers want more than just a great interest rate when they choose a credit card issuer, PYMNTS research has revealed. Three out of four consumers consider user experience features such as cash back rewards, better data privacy protection and credit-building tools. This is just one...
As consumers learn more about the costs of accepting credit cards, they’re getting more comfortable with the practice of paying surcharges for the sake of convenience — as well as a chance to help small businesses stay afloat. More and more merchants are adopting the...
Visa said it expects to resolve its disputes with Amazon in both the United Kingdom and the United States, according to separate reports quoting the company’s CEO and its chief financial officer (CFO). In the previous days, Amazon had said it would stop accepting Visa...
In the battle over interchange fees — this time between Visa and Amazon — it is the platform companies that are gaining the leverage over the payments networks. And, ultimately, everyone goes home a winner. Except the banks. In this new digital age, as so...
Some battles seem eternal, destined to be waged again and again — in some cases with predictable outcomes. Within payments, and within commerce in general, one ongoing dispute exists with retailers on one side … and on the other side lie the payment networks, including Visa...
In the United States, we’re wielding the plastic — or the digital versions of it, at least — more than we have in quite some time. And although the propensity to spend hasn’t yet hit pre-pandemic levels, there are at least some indications that it...
B2B electronic payment provider Boost Payment Solutions has formed a partnership with Mastercard designed to increase the use of commercial cards. The company announced the partnership Wednesday (Nov. 3), saying it would initially focus on seven markets: the U.S, Canada, Mexico, Brazil, Western Europe, Australia...
“Green spending” startup Future has launched a new Visa card designed to demonstrate the connection between saving money and lowering a consumer’s carbon footprint. Announced Tuesday (Nov. 2), the Visa FutureCard is the first rewards card to offer 5% cash back on green spending, the...
