Amazon and Visa Call Truce on Global Dispute, but Feud Highlights Evolving Payments Landscape
- 2 years 8 months ago
- Credit Cards
Amazon and Visa reached a global deal on credit card acceptance after a public disagreement over interchange fees, per the FT. How we got here: The dispute between the two has played out for months across multiple markets as Amazon attempted to pressure Visa into lowering its fees.
Vyne's CEO Comment on Amazon and Visa Deal to Accept Credit Cards Across All of Its Sites.
- 2 years 8 months ago
- Payments, Credit Cards
“Amazon’s recent agreement with Visa illustrates the moveable feast that is the current payments ecosystem. Amazon’s position as an enormous global retailer enables them to negotiate card scheme pricing, a standard for all merchants. So why can’t smaller businesses do the same? This increases the pressure on independent merchants who do not have the buying power of Amazon. Many of these businesses already pay thousands of pounds per year, only... more
Mastercard Expands Consulting With Practices Dedicated to Crypto, Open Banking and ESG
- 2 years 8 months ago
- Credit Cards, Consultancy
The business world is facing an influx of innovation: changing consumer preferences, rapid digital transformation and geopolitical shifts. To help businesses evolve and supercharge their growth enterprise-wide, Mastercard today announced that it is expanding its preeminent payments-focused consulting service with new practices dedicated to Open Banking, Open Data, Crypto & Digital Currencies, and Environment, Social & Governance (ESG).
Mastercard Advances Commitment to Black Women-owned Businesses Across the U.s. With Yearlong Programming, Support and Funding
- 2 years 8 months ago
- Payments, Credit Cards
Company progresses its Strivers Initiative to elevate and support Black women business owners with funding, mentorship, as well as the digital and cyber tools to get their businesses online and grow
Cards and Payments Veteran Jukka Rinta Joins EedenBull as Chief Product Officer
- 2 years 8 months ago
- Payments, Credit Cards
Global payments fintech, EedenBull, has today announced that Jukka Rinta, previously the Head of Product Commercial Cards at National Australia Bank, joins the EedenBull executive management team as Chief Product Officer.
6 Out of 10 Credit Card Users Don’t Know How Much Interest They Are Paying
- 2 years 8 months ago
- Payments, Credit Cards
Not a single respondent was able to correctly calculate the full cost of a credit card purchase, including interest
Tillful Teams Up with Highnote and Mastercard to Introduce the Tillful Card, Helping Small Businesses Access and Build Business Credit Faster
- 2 years 8 months ago
- Credit Cards
The first-of-its-kind Tillful Card aims to create a more inclusive credit system
TransUnion Is First UK Credit Reference Agency To Accept Buy Now, Pay Later Data
- 2 years 8 months ago
- Lending, Payments, Credit Cards
Global information and insights provider TransUnion has announced it is ready to accept buy now, pay later finance into UK consumer credit files, being the first credit reference agency in the UK to do so. Following extensive research and product innovation, buy now, pay later finance – also known as deferred payment credit – will soon be included within TransUnion credit information to help protect consumers and enable finance providers to... more
FICO UK Credit Market Report December 2021: Omicron Didn’t Dampen Christmas Spending As Balances Increased - But Missed Payments Also Rising
- 2 years 8 months ago
- Payments, Credit Cards
New FICO data reveals potential for increased debt risk as missed payments rise at the same time as spending takes its usual seasonal upturn Highlights Overall card spend continues to increase – December 2022 £63 higher than in pre-pandemic December 2019 Average active balance also continues strong upward trend - £1,550 in December
Embedded Finance Startup Falcon Appoints Ex-banker Chinmaya Desai as Chief Business Officer Ahead of its Next Growth Phase
- 2 years 8 months ago
- Lending, Payments, Credit Cards, FinTech StartUps
Chinmaya will be responsible for company’s overall business growth besides driving partnerships across domestic and international markets
Why a Boost for Non-bank ATM Operators is on the Cards
- 2 years 8 months ago
- Covid-19, Credit Cards
Despite a shift to cashless payments, accelerated by the COVID-19 pandemic, independent ATM deployers will see growth as banks withdraw machines IADs can provide services in areas where bank ATMs are not economically viable
Chile’s Data-driven Lender Mento Launches on Mambu to Improve Financial Inclusion
- 2 years 8 months ago
- Payments, Credit Cards
Mento’s migration to the leading cloud banking platform will bolster Chile’s efforts to improve financial inclusion by providing microlending and other credit options to the unbanked and underbanked
Nium and FINCI Announce Partnership to Strengthen Payment Services Internationally
- 2 years 8 months ago
- Payments, Credit Cards
The partnership will enable FINCI to provide quicker and more cost-effective pay-outs to key markets in Europe and APAC
Splitit Finds Over Half of Uk Credit Card Holders Plan to Use Buy Now, Pay Later in 2022
- 2 years 8 months ago
- Payments, Credit Cards
Over half of UK credit card holders (54%) plan on using a Buy Now, Pay Later (BNPL)1 service within the next 12 months. 46% agree using a BNPL service is a smarter way to manage their finances. In the next year, a fifth (20%) plan to use a BNPL service over four times. Just under half (49%) agree they prefer a BNPL service that works with their current credit card(s).
Monneo Begins LatAm Expansion with Support of PIX in Brazil
- 2 years 8 months ago
- Payments, Credit Cards
In a move that reaffirms the company’s global reach, virtual IBAN and corporate account provider, Monneo, is delighted to announce the launch of its service in Brazil as part of its plans to serve customers who require payment solutions in Latin America.
