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UK’s Regulator to Cap Cross-Border Interchange Fees
UK’s Regulator to Cap Cross-Border Interchange Fees
December 13, 2024  |  Credit Cards

The United Kingdom’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the...

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81% of ‘Credit-Curious’ Consumers Are Interested in Secured Cards to Build Credit
81% of ‘Credit-Curious’ Consumers Are Interested in Secured Cards to Build Credit
December 13, 2024  |  Credit Cards

Fifty-three million U.S. consumers don’t have a credit card and are known as “credit card outsiders.” This diverse group includes both younger people seeking to...

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Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
December 12, 2024  |  Investments

Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by...

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European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
December 12, 2024  |  Credit Cards

European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted...

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Loop Launches Multicurrency Corporate Credit Card for Canadian Small Businesses
Loop Launches Multicurrency Corporate Credit Card for Canadian Small Businesses
December 11, 2024  |  SMBs

Global financial platform Loop launched a corporate credit card solution for Canadian small- to medium-sized businesses (SMBs) that manage cross-border purchasing. Get the Full Story...

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Court Ruling Will Reignite Debate Over Credit Card Late Fees
Court Ruling Will Reignite Debate Over Credit Card Late Fees
December 10, 2024  |  Credit Cards

Late last week, a federal judge upheld an order blocking a cap on credit card late fees, as PYMNTS reported. But the debate over the...

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Banks Tighten Credit Access as Demand for Limit Increases Rises
Banks Tighten Credit Access as Demand for Limit Increases Rises
December 09, 2024  |  Debt

A dramatic rise in credit card debt over the last several years has pressured paycheck-to-paycheck consumers, with a disproportionate burden on those individuals and households...

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Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
December 08, 2024  |  Consumer Finance

New Federal Reserve data shows American consumers’ credit card debt continuing to climb. Get the Full Story Complete the form to unlock this article and...

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Dojo and American Express Partner to Streamline Payments in UK
Dojo and American Express Partner to Streamline Payments in UK
December 06, 2024  |  Credit Cards

Payments technology provider Dojo reportedly has signed a new agreement with American Express that will help Dojo’s small business customers in the United Kingdom accept...

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