Credit Cards

Tourists Told Card Payments ‘Help Greece’s Financial Recovery’

Greece’s revenue authority is running a new campaign to tell millions of visiting tourists about claiming receipts while in the country.

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Visa, Mastercard Agree to Cut Canada Interchange Fees

Visa and Mastercard agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders. The U.S. companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.

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Bugs in Mobile Credit Card Readers Could Expose Buyers

The tiny, portable credit card readers you use to pay at farmer’s markets, bake sales, and smoothie shops are convenient for consumers and merchants alike.

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CBA Backs NPP Open Access Regime, Belts Interchange Fee Ban

Commonwealth Bank of Australia chief executive Matt Comyn has welcomed a push to create a new open access regime for the New Payments Platform (NPP), but vigorously slapped down a bid to kill interchange fees on electronic payment cards.

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Credit Card Interchange: Australian Regulators Gone Wild?

From the market which brought cost accounting to credit card interchange, comes a credit card killer: do not reduce interchange, eliminate it. Here is the final report.

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Why American Credit Card Companies Can’t Break Into China

Visa, Mastercard and American Express have been campaigning to enter China for years. After more than a decade of trying, they may have missed their chance. Beijing has repeatedly signaled it will open up foreign access to its credit card market, and in 2017 it opened the door for American card companies to apply for […]

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Kroger Ban on Visa Credit Cards: What You Need to Know

Using a Visa to pay for bread, milk, steak and other foods is second nature to many American shoppers. But now, they may need to pause before pulling out the plastic. Grocery chain Kroger plans to stop accepting Visa credit cards later this month at about two dozen stores in California – and perhaps even […]

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Stripe Enables Corporates to Create Their Own Cards

Stripe is rolling out a new solution that lets businesses create and issue their own credit and debit cards, the company announced. In a press release, Stripe announced the launch of Stripe Issuing, its service that enables companies to create their own cards, both physical and virtual, via an API call.

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Crooks Use Mobile Games to Launder Money From Stolen Credit Cards

Cybercrooks are buying and selling in-game currency from mobile games such as Clash of Clans to launder money from stolen credit cards, according to security firm Kromtech Security Kromtech says that last month it found a strange database exposed to the public internet with a cache of credit card numbers and personal information inside.

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UK Payments Regulator to Probe Card Acquiring Market

The UK’s Payments Systems Regulator is to conduct a market review into the card acquiring market in the wake of retail industry complaints about spiraling fees and ineffective competition. In the UK in 2017, 13.2 billion payments were made by debit card and an additional 3.1 billion payments by credit card.

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Should Banks Let People Buy Bitcoin With Credit Cards?

The fintech startup Abra’s decision to let customers use credit cards to buy cryptocurrency – a move at odds with recent actions by Bank of America, JPMorgan Chase, Citigroup, Capital One and Discover – is again raising the question of whether the practice is too risky for financial institutions to allow.

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Surge in Hacked Credit Card Information Offered for Sale on Web

The number of hacked U.S. credit cards whose information was offered for sale to other criminals on the dark web jumped by about two-thirds in the first half of this year, according to a cybersecurity research firm.

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