Payments News

On The Web

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Systems

Paying by card? You’re less likely to remember the amount spent

““We were able to show that individuals who pay by card have a less accurate recall of the amount paid than individuals who settle their bill with cash”, the authors summarise, who say that the results are relevant for the financial wellbeing of everyone. “A precise recollection of past spending has an effect on the […]
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Reports

Millennials Not So Keen About Credit Cards

“People age 29 and younger are 93 percent more likely to have a negative opinion of credit cards than people age 59 and older, according to new research from Wallet Hub. One completely unsurprising reason for these contrasting points of view is that “younger people are having more trouble managing their credit card debt,” Lucia […]
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Companies

Kroger Weighs Widening Unit’s Planned Ban On Visa Credit Cards

“The spat is the latest battle over the $90 billion that U.S. merchants pay each year in swipe fees. Major retailers have long looked for ways to cut down on such charges, including by lobbying lawmakers to lower the rates and through technology upgrades that avoid Visa Inc. and Mastercard Inc. entirely. A burgeoning group of financial-technology […]
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Global

Hong Kong blockchain start-up rolls out Asia’s first cryptocurrency Visa debit card to take on credit cards

“The Crypto.com debit card will be linked to wallets for both fiat money and cryptocurrency, which will allow users to spend their cryptocurrencies after converting these into fiat money. The company supports five cryptocurrencies – bitcoin, litecoin, ethereum, MCO and Binance Coin – and these can be converted into seven fiat currencies, including the Singapore […]
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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 […]
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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 […]
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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.”
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On The Wires

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Companies

Discover Adds Freeze ItSM Feature, Auto Cash Back Redemption to Savings and New Debit Card Design to Discover Cashback Debit Accounts

“Discover is introducing more features and debuting a new debit card design for the Discover Cashback Debit product. Customers of Discover Cashback Debit, previously known as Discover Cashback Checking, will now be able to temporarily freeze their debit card, automatically transfer their earned cash back to their eligible savings account and pay using a stylish […]