Visa and Mastercard are offering to cut fees that are paid by merchants on tourists’ card payments made in the European Union — an effort that would help end an antitrust investigation in the region. Reuters reported Tuesday morning (December 4) that that charges levied...
Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if a non-deal Brexit were to occur. Citing the British government, Reuters reported documents laying out a plan. If Britain leaves the EU with...
With the rate of delinquent credit card holders slowly rising, some banks are scaling back on opening new accounts. Last year, it was reported that credit card debt had surpassed the $1 trillion mark in the U.S., becoming the third consumer lending category that has surpassed...
Interchange fees are a controversial topic in many markets around the world, but the debt is often focused on swipe fees charged for consumer payments. A new initiative gaining momentum in Australia would ban interchange fees altogether – and according to reports, the effort includes...
August 24, 2018
Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if a non-deal Brexit were to occur. Citing the British government, Reuters reported documents laying out a plan. If Britain leaves the EU with no deal, though Britons will be able to use their […]
August 21, 2018
With the rate of delinquent credit card holders slowly rising, some banks are scaling back on opening new accounts. Last year, it was reported that credit card debt had surpassed...
June 19, 2018
Brex, the FinTech startup, announced Tuesday (June 19) that it closed a Series B round of financing, bringing the company’s total funding to $57 million. According to a company blog,...
February 27, 2018
Visa is fighting back against accusations that it charges tourists excessive fees when they use their cards in the European Union. According to Reuters, Visa will present its case against...
