The Latest
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Amex debuts B2B payments system
The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.
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Credit card delinquencies, charge-offs climb
Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence.
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Harvard researchers flag BNPL risks
The working paper shines a spotlight on BNPL risks just as the payment method lures more consumers amid high inflation.
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Courtesy of NFL
NFL expands Fortnite presence with Visa
The NFL Zone will be a persistent presence featuring mini-games, virtual tailgating experiences and content from creators.
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Retrieved from Amazon press page.
Amazon adds store with Just Walk Out tech
The 5,000-square-foot location in Southern California marks the latest addition in a region where the e-commerce giant operates numerous brick-and-mortar retail stores.
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Struggling consumers turned to financing for holiday shopping: report
Buy now-pay later providers saw increased use during Black Friday, but credit and debit were the top payment methods for online orders.
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FIS, Fiserv could benefit from credit legislation
Legislation aimed at creating competition for card giants Visa and Mastercard could be a boon for payments companies FIS and Fiserv.
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ACI charts 15% rise in holiday e-commerce
The payments software company said buy now-pay later made a big showing as e-commerce shot up for holiday shopping between Friday and Monday.
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Visa growth tapers in October, November
The card network’s payments volume grew in October and November, relative to last year, but at a slower pace than earlier in the year.
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Afterpay BNPL transactions climb
Afterpay transactions more than doubled last week relative to the first week of October, Block reported, as more consumers leaned on buy now-pay later financing.
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Banks discuss refund rule for customers defrauded on Zelle: report
Under measures being discussed, banks would share liability inside Zelle’s system and guarantee to reimburse one another, sources told The Wall Street Journal.
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NJ official: No reason to doubt Fiserv job growth plan
Fiserv “has given us no indication that (the company has) any change of plans in New Jersey,” said Tim Sullivan, CEO of the state’s Economic Development Authority.
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PayPal counts on its digital app for gains
The digital payments pioneer is scouting for new ways to increase customer use of its digital wallet, including plans to add a new Venmo teen account.
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Winners, losers on Black Friday
With inflation looming, consumers yearned for deals and sought financing options, such as buy now-pay later installment payments.
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FIS may cut thousands of workers, Bloomberg reports
The news report on workforce reductions at the payments processor follows its announcement earlier this month that it would embark on a $500 million cost-cutting program.
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Fiserv adopts new executive severance policy
The payments company’s board adopted the executive severance policy this week even though it opposed a similar shareholder proposal in May.
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Demand for credit cards climbed this year
Consumer demand for credit cards rose this year over prior years, and card issuers increasingly approved their applications despite the worsening economic climate.
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JPMorgan’s crypto wallet trademark is approved
The green light comes more than two years after the bank submitted paperwork to the U.S. Patent and Trademark Office, and is at odds with some statements by its CEO.
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Afterpay, Expedia link for travel BNPL
The buy now-pay later provider and the travel booking company are teaming up to allow consumers to spread out payments for flights and hotels.
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Visa’s next CEO sees a world of growth
Ryan McInerney, who will become CEO of the card network juggernaut next year, recently detailed the areas where he sees opportunities for the company.
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BNPL connected to overdraft charges, card fees: study
Heavy users of buy now-pay later ― which researchers said inspires consumers to spend beyond their means — showed larger declines in financial health, a recent academic study determined.
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PayZen raises $20M, lands debt facility
The fintech aims to extend buy now-pay later financing options to consumers for healthcare payments.
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Holiday shoppers boost card use this year
Families of all income levels plan to increase holiday spending this year, and they expect to rely more heavily on credit cards for their purchases.
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World Cup offers stage for payments tech
While one card network giant has grabbed center stage at the World Cup event in Qatar, other payments companies have landed bit roles too.
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OpinionCredit swipe-fee relief needed
“Congress has a responsibility to bring much-needed transparency and competition” to credit card swipe fees, writes the chairman of the trade association for 7-Eleven franchisees.
