News
Card Balances up and other Digital Transactions News briefs from 5/13/26
4+ hour, 7+ min ago (274+ words) Digital Transactions Card Balances up and other Digital Transactions News briefs from 5/13/26 - Some 53% of U. S. consumers carry a balance on their credit cards in response to rising costs, while 25% carry a balance for six months or more, says a survey from…...
Afterpay Will Test Flex Payments with a Visa Debit Card; Klarna Boosts Its Blackhawk Presence
5+ mon, 3+ week ago (298+ words) Afterpay, the buy now, pay later option from Block Inc. , will soon test a new way to use the payment method at the point of sale with a Visa debit card. Meanwhile, rival BNPL provider Klarna AB is expanding the…...
A Deal Looks No Closer In Merchants" Long-Running Legal Battle Over Acceptance Fees
6+ mon, 3+ day ago (289+ words) The latest offer comes more than a year after the networks" initial offer to settle the suit was rejected by Judge Margo Brodie in June 2024. Merchant opposition to the expected settlement offer is driven by the networks" failure to create…...
Coming to the U. S. : A Beefed-up Klarna Rewards Program
6+ mon, 2+ week ago (327+ words) Banking and payments platform Klarna AB announced early Monday a global membership program featuring Premium and Max rewards levels and offering cash back and benefits related to travel. The new program is starting out in Europe but "expansion to the…...
Customer Satisfaction And Card Usage Drop When Sellers Levy Credit Card Surcharges, Says J. D. Power
8+ mon, 4+ week ago (253+ words) Credit card usage and cardholder satisfaction decline when merchants levy a surcharge to offset their card-acceptance costs, J. D. Power's 2025 U. S. Credit Card Satisfaction study finds. When consumers are levied a surcharge, satisfaction scores drop 39 points to 602 on a 1, 000-point scale, compared to…...
Back to the Drawing Board on Debit Rates: Sorting Out Winners and Losers
9+ mon, 5+ day ago (657+ words) With merchants prevailing in their long-running legal battle to overturn debit rate caps set by the Federal Reserve, the largest debit card issuers could wind up the biggest losers, while Capital One Financial Corp. emerges as the big winner. U. S. District…...
Prizeout Launches Debit Rewards Program for Credit Unions
11+ mon, 1+ week ago (261+ words) Prizeout, a fintech specializing in digital gift card payouts and cashback rewards, announced Cash Back + Pay late Tuesday, a cashback program for debit card holders whose cards have been issued by credit unions. Cash Back+ Pay gives credit union debit…...