Chip Card Shipments Top 2.3 Billion in 2017
Generating year-on-year growth of nearly 4 percent, Smart Payment Association (SPA) data indicates that 2.3 billion payment chip cards were shipped worldwide in 2017.
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Credit Cards on the Decline as Visa Says We Have Passed ‘Peak Plastic’
Australia has reached peak plastic and credit card transactions will now start to decline, as people increasingly adopt mobile and wearable payment technologies, according to the new country manager of Visa.
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Visa, Mastercard Close to Settle Issues Over Card Swipe Fees
Visa and Mastercard are close to settling a long-running antitrust lawsuit with merchants over the fees they pay while they accept card payments, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
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Commerce Minister Ready to Regulate Credit, Debit Card Interchange Fees
Commerce and Consumer Affairs Minister Kris Faafoi is ready to wave the stick of regulation if payments service providers hike the fees they charge retailers, and warned he will do so if those charges increase again.
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Who Won, Who Lost in Supreme Court’s Credit Card Ruling
Whether they take the form of cash, miles or points, credit card rewards have become a staple of U.S. consumer culture. Many households, particularly at the upper end of the income spectrum, charge just about every purchase, mainly so they can collect rewards with each swipe.
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ANZ Claims It’s Winning Against Huge Number of Credit Card Fraudsters
Travis Barker has had his credit card replaced three times in the past six months. The Auckland based data analytics consultant is a world citizen, big traveller, and buys many of the things he needs online.
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Paying More for Your Credit Card? Bank on It
Australian credit card users forked out an extra 100 million in fees to the banks last year, according to new research from the Reserve Bank.
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Fintech Newcomer Brex Launches Credit Card for Startups
Fintech startup Brex announced Tuesday that it’s raised 50 million in new venture capital from a who’s who list of Silicon Valley investors, including PayPal cofounders Peter Thiel and Max Levchin.
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Y Combinator’s Favorite Credit Card Just Raised $50 Million from PayPal Founders
Brex, a fintech startup backed by PayPal cofounders Peter Thiel and Max Levchin, has raised 50 million in new venture capital, the company announced Tuesday.
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End of the Great Card Payment Rip-off? No, It’s Just a New One
It was meant to be the end of the rip-off that cost consumers hundreds of millions of pounds a year. In January, all extra charges for using a credit or debit card to pay for goods and services were banned to prevent nasty surprises at the checkout.
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Wells Fargo Bans Bitcoin, Crypto Purchases on Credit Cards
Yet another banking giant, worried about the assets volatility, is banning cryptocurrency purchases using its credit card. America’s third largest bank by assets, Wells Fargo, said Monday that customers will no longer be able to purchase Bitcoin and its ilk using credit cards issued by the firm.
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Walmart, Visa Resume Lobbying Battle Over Credit Card Standards
Lobbyists for Walmart Inc and other retailers are joining forces with companies that process payments in the latest battle over the $90 billion that US merchants pay banks annually to process credit and debit-card charges.
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