Payments News

On The Web

nbsp;

Providers

Visa, Mastercard Near Settlement Over Card-Swipe Fees

“Visa Inc. and Mastercard Inc. are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments, according to people familiar with the matter. Under the settlement, Visa, Mastercard and a number of banks that issue debit and credit cards including JPMorgan Chase & Co., Citigroup Inc. […]
nbsp;

Providers

For TCF, It’s Full Speed Ahead With Contactless Payments

“Backers see dual-interface cards and NFC-equipped smart phones as tools to convert cash payments into electronic transactions. Melanie Gluck, vice president of solution sales and tokenization at Mastercard Inc., tells Digital Transactions magazine for an upcoming story about contactless payments that the average U.S. contactless Mastercard transaction is under $23. That average is a clear indicator that […]
nbsp; nbsp;

Companies

Introducing Stripe Issuing

“Stripe Issuing is an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards. It’s infrastructure that enables you to do things like create employee expense cards with dynamic spending limits, generate virtual cards so marketplace couriers can pay with their phones at specific merchants, or run the entire card stack for a […]
nbsp; nbsp; nbsp;

Providers

Airlines Cash In on Loyalty Credit Cards

“Every major U.S. carrier earned more from credit-card and loyalty programs in the second quarter than during the year-earlier period, financial disclosures show. For many airlines, those increases outpaced overall sales growth. Much of the revenue comes from the credit cards associated with loyalty programs, though the programs don’t necessarily require customers to have a […]

On The Wires

nbsp;

Companies

Mastercard And Strands Collaborate To Empower Small-to-Medium Enterprise Banking With AI And Cutting-edge Payment Technology

“SMEs are historically an underserved business segment despite their $46 trillion annual spending power. Now, the Strands Business Financial Management (BFM) will leverage Mastercard’s digital payment technology to deliver on-demand solutions helping these businesses to better understand their finances, project their short-term cash flow and see personalized recommendations for customized solutions. Both companies’ banking clients will benefit […]
nbsp;

Companies

Visa Launches Visa Loyalty Solutions, The First 100% Digital Loyalty Platform In Latin America And The Caribbean

“Visa today announced the launch of Visa Loyalty Solutions (VLS), an omnichannel digital points redemption platform available to all issuing banks in Latin America and the Caribbean (LAC) and offering consumers more than a quarter of a million redemption options. Visa Loyalty Solutions was co-created by Visa LAC in collaboration with global FinTech and InsurTech company novae. This white-label solution, […]