credit

UK Regulator to Review Visa, Mastercard’s Processing and Swipe Fees

UK Regulator to Review Visa, Mastercard’s Processing and Swipe Fees
UK Regulator to Review Visa, Mastercard’s Processing and Swipe Fees
June 21, 2022  |  Credit Cards

The U.K. Payment Systems Regulator (PSR) published on Tuesday (June 21) details of two market reviews that is planning to conduct later this year on...

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Crypto Lender BlockFi Secures $250M Credit Line From FTX
Crypto Lender BlockFi Secures $250M Credit Line From FTX
June 21, 2022  |  Cryptocurrency

Cryptocurrency lending startup BlockFi secured a $250 million credit line with cryptocurrency exchange FTX to bolster its balance sheet and provide long-term stability. Get the...

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RBI to FinTechs: Non-Banks Can’t Reload Funds to Prepaid Wallets, Cards
RBI to FinTechs: Non-Banks Can’t Reload Funds to Prepaid Wallets, Cards
June 21, 2022  |  Regulation

FinTechs were alerted that non-bank issuers of prepaid payment instruments (PPIs) can’t load cards and digital wallets with funds through credit lines, the Reserve Bank...

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Debit Holds Edge Over Credit as Economy Sours
Debit Holds Edge Over Credit as Economy Sours
June 21, 2022  |  Payment Methods

In times of turmoil, when the economy wreaks havoc with household budgets, visibility into cash flow becomes king. Get the Full Story Complete the form...

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It’s Official. CARD Act, Credit Rules, Now Under CFPB Review
It’s Official. CARD Act, Credit Rules, Now Under CFPB Review
June 21, 2022  |  CFPB

The director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, announced in a Friday (June 17) blog post that the agency is planning to...

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UK BNPL Regulation Unlikely Before Mid-2023
UK BNPL Regulation Unlikely Before Mid-2023
June 21, 2022  |  BNPL

The U.K. government announced on Monday, June 20, plans to tighten rules on the Buy Now, Pay Later (BNPL) sector aimed at protecting users —...

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One in Five US Consumers Use 7 Different Payment Methods in Stores, Restaurants
One in Five US Consumers Use 7 Different Payment Methods in Stores, Restaurants
June 20, 2022  |  Payment Methods

While United States consumers can choose from a variety of payment alternatives when buying goods and services, PYMNTS’ research found that the average U.S. consumer...

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UK Pledges to Change 50-Year-Old Consumer Credit Law
UK Pledges to Change 50-Year-Old Consumer Credit Law
June 17, 2022  |  International

The United Kingdom government has announced plans to reform the Consumer Credit Act, which regulates credit card purchases and personal loans. The proposed overhaul aims...

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PYMNTS AM Radar: Zoo NFTs; Robinhood Woes; Rich Reality; Friendly Fraud; ICYMI 
PYMNTS AM Radar: Zoo NFTs; Robinhood Woes; Rich Reality; Friendly Fraud; ICYMI 
June 16, 2022  |  Economy

Today is Thursday, June 16 and on this day in 1911, IBM was formed and started automating business transactions with punched card-based data tabulating machines....

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