14+ hour, 21+ min ago  (1058+ words) More merchants are adding 3% to 4% credit card fees to recover acceptance costs, but the practice is increasingly triggering consumer frustration and social backlash. Research suggests fees may protect margin on completed sales while also causing cancellations and prompting shoppers to…...

1+ week, 2+ day ago  (494+ words) An Illinois ban on card interchange fees for taxes and tips has survived a court challenge. The'U.S. District Court for the Northern District of Illinois Eastern Division on Tuesday (Feb. 10) sided against a group of financial services organizations which had…...

1+ week, 3+ day ago  (298+ words) Consumers who pay the most for their credit cards turn out to be the ones least likely to ignore them. Just 3.9% of premium cardholders report rarely or never using their high-fee plastic, making them the most loyal segment in the…...

1+ mon, 2+ week ago  (589+ words) Pay by bank is no longer an unfamiliar concept in U.S. payments, but it has yet to earn a permanent place in consumers" daily spending habits. Banks and FinTech providers also benefit from faster settlement, lower fraud exposure tied to stored…...

1+ mon, 4+ week ago  (409+ words) Consumers continue to spend more on their debit cards, although the rate of growth has slowed. Total debit card transaction volume and value both grew at an average rate of 4.6% per year from 2021 to 2023, the Federal Reserve Board said in…...

1+ mon, 4+ week ago  (372+ words) For years, loyalty followed credit, but new data shows that rewards are now chasing spending habits shaped by caution rather than leverage. That is the central finding of PYMNTS Intelligence's Embedded Finance Tracker, titled'Rethinking Rewards With a Loyalty Platform for…...

2+ mon, 3+ week ago  (434+ words) Lufthansa Group customers in several countries can now choose Klarna's flexible payment options when booking travel experiences. The options allow the airline group's travelers to pay in full, pay later or pay over time, according to a Thursday (Nov. 27) press…...

2+ mon, 3+ week ago  (438+ words) Crypto platform Kraken has begun rolling out the Krak Card, a debit card that enables instant spending using multiple balances and earns 1% cash back rewards on all purchases. The company will offer the card first to users in the United…...

2+ mon, 4+ week ago  (275+ words) Extend now enables businesses to connect "virtually any" bank credit card to its spend and expense management platform for small and medium-sized businesses (SMBs). This capability gives SMBs" finance teams a centralized view of all their company cards as well…...

3+ mon, 4+ day ago  (414+ words) A shift is taking hold inside the pay later economy, and it is not the one that most observers expected. The real action is not only in buy now, pay later services. It is in the rapid rise of installment…...