In 2004, a group of ATM cardholders sued a number of big banks, including JP Morgan Chase, Wells Fargo and Bank of America, over ATM fees charged at out-of-network machines. The plaintiffs had charged the banks with antitrust violations, and filed a case in civil...
In 2004, a group of ATM cardholders sued a number of big banks, including JP Morgan Chase, Wells Fargo and Bank of America, over ATM fees charged at out-of-network machines. The plaintiffs had charged the banks with antitrust violations, and filed a case in civil...
Mobile payment startup LevelUp has done away with interchange — that is, merchants who use LevelUp to process payment no longer pay a “merchant discount” on each sale. When you buy a $5 sandwich with LevelUp, the merchant gets $5. Get the Full Story Complete...
Roughly 60 percent of the $100 billion spent annually on gift cards is loaded onto closed-loop products, according to Dan Kimerling. Kimerling is chief operating officer at Giftly, a two-year-old startup that wants to replace those closed-loop cards by moving gifting to the existing payment...
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Before about a month or so ago, whenever wallabies came up in any conversation, it was in the context of those cute little kangaroo-like critters native to the regions down-under. In addition to rating high in the cuteness category, these agile and resourceful creatures were...
Chase’s latest effort to win over customers that find traditional checking to be too expensive is called Liquid. But the company might be better served calling its new prepaid product the “Simple” card, or the “Flat” card. Get the Full Story Complete the form to...
Starbucks Adds PayPal to Mobile App on Android, Grows to UK and Canada 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....
FIS has appointed Ellyn Raftery to the role of chief marketing officer for the firm. 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,...