Payments News

On The Web

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Systems

Paying With a Credit Card? That’s Going to Cost You.

“It is getting more expensive to pay for things with a credit card. More small businesses—and even some larger ones—are charging shoppers a fee for credit-card purchases or offering them discounts when they pay with debit cards, cash or checks. The moves are meant to offset the various fees businesses pay on credit-card transactions, costs […]
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Systems

Supply-Chain Crisis Is Bad for iPhones, Great for Gift Cards

“Americans love gift cards. For younger generations, they’ve become their favorite gift. Which is good, because they’re about to get lots of them. In an economy hamstrung by all types of global supply-chain snarls, mounting product shortages — even Apple is reportedly slashing production — are making giving gift cards a fail-safe way to ensure […]
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Systems

Gas Stations Aren’t Pumped About Mastercard’s Magstripe Phaseout

“The liability shift enabled merchants to decide for themselves whether the upgrade to EMV was worth it. EMV, known in other countries as chip-and-PIN, encrypts card data so that it becomes harder for scammers to compromise the point of sale or create cloned cards. The upgrade could be pricey — especially for gas stations, which […]

On The Wires

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Cryptocurrency Innovators Invest in New Card Solutions, With Marqeta’s Modern Card Issuing Platform Powering Growth of New Category

“Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it is powering cryptocurrency spending and rewards products for Coinbase, Fold, Shakepay and Bakkt, with the company seeing rising interest in new card products in this rapidly evolving category. Use of cryptocurrencies has grown considerably in the United States, with data from the […]
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Systems

Chase and Hyatt Launch First World of Hyatt Business Credit Card

“Today, Chase Card Services (NYSE: JPM) and Hyatt Hotels Corporation (NYSE: H) announced the launch of the new World of Hyatt Business Credit Card , designed to reward small business owners and Hyatt customers for how they do business. This first business credit card offered by Hyatt features an adaptive rewards accelerator that allows business […]
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Systems

J.P. Morgan Supports Alipay to Provide Card Payment Services for Alibaba.com in the U.S.

“Today, J.P. Morgan (NYSE: JPM) announced it went live with credit card payments processing for Alibaba.com, the B2B business unit of Alibaba Group (NYSE: BABA). Working together with Alipay, a leading digital life services platform operated by Ant Group, J.P. Morgan Merchant Services, the #1 payments processing provider in the U.S. according to Nilson, now powers payments […]
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Systems

Expensify Announces New Expensify Card Perk: Up to 2% Cash Back for All Cardholders

“Expensify, the most widely used preaccounting software in the world, announced today the addition of the highly anticipated cash back perk for the Expensify Card. Companies can now automatically earn up to 2% cash back on all purchases under the following conditions: For every month you spend over $25K combined across all cards, earn unlimited […]
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Systems

Walgreens Launches Industry-First MyWalgreens Credit Card Program – The Credit Card That Pays Well to Stay Well ®

“Walgreens (Nasdaq: WBA) today introduced the new myWalgreens Credit Card program, featuring two industry-first retail health and wellness credit cards, issued by Synchrony Bank (NYSE: SYF).  The myWalgreens Mastercard and the myWalgreens card are the first ever of their kind to reward more personalized wellbeing choices and offer industry-leading rewards at more than 9,000 Walgreens […]
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Systems

Swiping Left on Magnetic Stripes

“The shift away from the magnetic stripe points to both consumers changing habits for payments and the development of newer technologies. Today’s chip cards are powered by microprocessors that are much more capable and secure, and many are also embedded with tiny antennae that enable contactless transactions. Biometric cards , which combine fingerprints with chips […]