On The Web

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Systems

Cashless Super Bowl coming? Visa says yes

January 29 2019

• in
• Cards

“So you’re headed to the Super Bowl some year in the future, and you’re wondering how much cash you’ll need for the big game. No worries: During its sponsorship renewal with the NFL through the 2025 season, Visa envisions the first cashless Super Bowl.”

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Systems

As More Interest in Surcharging Emerges, So Too Comes Some Clarity on the Rules

January 18 2019

• in
• Cards

“Whether a surcharge is added to the price when paying with a credit card or a discount is provided when paying with something other than a credit card, it is a considered a surcharge, says Evan R. Minsberg, an associate at Venable LLP, a Washington, D.C.-based law firm. The card brands may enable merchants to […]

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Reports

UK CONTACTLESS PAYMENTS OVERTAKES CASH FOR FIRST TIME

January 7 2019

• in
• Cards
• Cash

“Last year saw a 15 per cent drop in notes and coins usage, strengthened by the growing popularity of contactless cards according to a new study. With €106.7 trillion revenue in 2017, the United Kingdom are the leading nation for cashless payments across Europe. Ranking second in the study, conducted by merchant account and card payment fee […]

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Systems

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

March 18 2019

• in
• Cards
• Cryptocurrencies

“Banking startup 2gether is launching a prepaid Visa debit card that allows users to spend cryptocurrencies. In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). The card “instantly” […]

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Systems

Purchases With Plastic Get Costlier for Merchants—and Consumers

February 15 2019

• in
• Cards

“Credit-card companies are hiking a range of fees that U.S. merchants will pay to process transactions, a move likely to inflame already fractious relations between many businesses and card networks.”

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Systems

Sweden: How Cash Became More Trouble Than It’s Worth

March 14 2019

• in
• Cards

“The ATM nearest my house recently shut down: Bankomat, the cash machine company co-owned by the banks, has reduced the number of outlets by a fifth in four years. And as far as I know only one branch of Swedbank, my bank, in Malmö still handles cash. This is a growing problem even for the […]

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Companies

American Express Launches New Business Gold Card With Flexible Repayment Feature

November 9 2018

• in
• American Express
• Cards

“The Business Gold Card, which has an annual fee of $295, blends elements of both charge cards and credit cards. The card builds on other recent additions to American Express’ slate of products for small businesses, including the Amazon Business American Express Card launched in October. Like a traditional charge card, American Express will not pre-set spending […]

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Companies

China Gives American Express First Shot At Its Huge Payments Market

November 9 2018

• in
• American Express
• Cards
• China

“The company said Friday that the Chinese central bank has given it preliminary approval to handle payments in yuan. AmEx (AXP) can now start setting up the payments network through a joint venture with LianLian Group, its Chinese partner. In every other market around the world, AmEx processes transactions through its own network, whose hub […]

On The Wires

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Systems

Synchrony HOME™ Credit Card Launches, Offers 2% Cash Back and Promotional Financing on Home-Related Purchases

February 4 2019

• in
• Cards
• Incentives

“From furniture and décor to flooring and appliances, the all-in-one card is designed for people who seek simplicity and value for their home purchases. The Synchrony HOME Credit Card gives consumers financing options for all their home needs at more than a million large, medium, and small retail locations nationwide.”

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Systems

Lloyds announces new cashback incentive scheme

February 19 2019

• in
• Cards
• Cash

“The cashback incentive will target areas of the UK where access to cash has been identified as being more difficult, such as rural or less-affluent areas which often rely on a very small number of ATMs. It’s hoped that the initiative will also give customers more reasons to visit local shops at a time of unprecedented […]