Payments News
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Systems

Card Payments Double in Ten Years in Euro Area

“The number of card payments made by consumers and businesses in the euro area has increased by more than two-fold during the last ten years, reveals a report by the European Central Bank. As per the statistics, an average of 121 card payments per capita was recorded last year, versus 56 in 2008. Despite a rise […]

On The Web

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Providers

Retailers Don’t Like Paying the Fees for Your Apple Card

“That’s because the card, marketed by Apple and backed by Goldman Sachs Group Inc. , is designated “elite,” which allows it to levy significantly higher interchange fees on each swipe or tap. Those fees aren’t paid by the consumer but by the merchant as part of the cost of accepting credit cards. A grocer can […]
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Systems

The spy in your wallet: Credit cards have a privacy problem

“Despite a federal privacy law covering cards, I found that six types of businesses could mine and share elements of my purchase, multiplied untold times by other companies they might have passed it to. Credit cards are a spy in your wallet — and it’s time that we add privacy, alongside rewards and rates, to […]
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On The Wires

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Companies

Visa Launches New Infinite Business Card Portfolio for SMBs

“In support of growing small businesses (SMBs) across the globe, Visa (NYSE:V) today announced Visa Infinite Business, the expansion of its business card product suite in the United States. Complementing Visa’s Signature Business and Business card products, Visa Infinite Business will provide high-spend SMBs in the U.S. with a rich set of protection, travel and […]
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Companies

Mastercard Partners With BMO Harris and Superbia to Bring the True Name™ Feature to Their Card Offerings

“Announced during World Pride 2019, the True Name initiative was developed in response to a need for credit, debit and prepaid cards that reflect the true identities of many in the transgender and non-binary communities who are misrepresented when shopping and going about daily life. For these communities in particular, the card in their pocket […]
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Systems

Visa Statement on Tencent’s Intent to Support International Card Schemes Into Mobile Wallet

““Visa believes this is a great step forward, both for consumers travelling to China and the overall payments industry. In a truly global commerce environment, collaboration is essential to provide consumers with a seamless payments experience. Visa is excited to work with Tencent, one of China’s leading fintech companies, on a secure, convenient and interoperable […]
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