Payments News

On The Web

nbsp;

Systems

Cashless Super Bowl coming? Visa says yes

“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.”
nbsp; nbsp;

Reports

UK CONTACTLESS PAYMENTS OVERTAKES CASH FOR FIRST TIME

“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 […]
nbsp;

Systems

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

“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” […]
nbsp; nbsp;

Systems

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

“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 […]
nbsp;

Companies

American Express Launches New Business Gold Card With Flexible Repayment Feature

“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 […]
nbsp;

On The Wires

nbsp; nbsp;

Systems

Lloyds announces new cashback incentive scheme

“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 […]