Payments News

On The Web

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Systems

Visa Changes Rules for Gas Stations to Avoid $125 Pump Limit

“Visa Inc. and Mastercard Inc. are planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards. Many gas stations have a $125 limit for Visa transactions at the pump because […]
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Systems

Debit Card Antitrust Case Against Visa Revived, With New Judge

“A U.S. appeals court on Tuesday revived an antitrust case against Visa Inc over debit card services and reassigned the dispute to a different Texas federal court, after criticizing the slow pace of the litigation and questioning whether the trial judge was biased against the plaintiff. The 5th U.S. Circuit Court of Appeals panel in […]
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Systems

Visa and Mastercard caught in legal storm over card fees

“More than 100,000 British companies are to sue Mastercard and Visa over claims they charge fees on corporate credit cards at up to six times the maximum level. A class action claim will be filed on Thursday with the Competition Appeal Tribunal (CAT) by boutique law firm Harcus Parker, on behalf of travel and hospitality […]
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Systems

New Wells Fargo Credit Card Gives Customers Rewards for Rent Payments

“Wells Fargo & Co. will start letting customers earn points and miles on their rent payments as the banking giant deepens its push into credit cards.  The San Francisco-based lender is partnered with Bilt Rewards on a new card that will operate on Mastercard Inc. ’s network, the companies said in a statement Monday.”

On The Wires

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Companies

Nationwide Building Society Improves Member Experiences With Pega Smart Dispute

“Pegasystems Inc. (NASDAQ: PEGA ), the software company that crushes business complexity, today announced Nationwide Building Society deployed Pega Smart Dispute for Issuers to transform its Visa card disputes process. This enabled Nationwide to improve agent performance and customer satisfaction by streamlining the systems required to handle a dispute from 15 down to two and […]
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Systems

All of the Benefits, None of the Gimmicks: Bread Financial™ Unveils New Bread Cashback™ American Express® Credit Card

“Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced the launch of a new consumer credit card – the Bread Cashback™ American Express® Credit Card. Bread Cashback offers unlimited 2% cash back with no reward caps and no categories to manage. Plus, there are no […]
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Systems

American Express Increases Speed for Fintechs to Launch Cards on the Amex Network, Powered by i2c

“American Express (NYSE:AXP) and i2c Inc , a provider of digital payment and banking technology, today announced an expanded global, multi-product agreement that will enable fintechs and financial institutions around the world to develop and scale innovative payments solutions for consumers and businesses on the American Express global payments network. The agreement signals that the […]
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