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US-based payment technology corporation Mastercard has planned to increase fees for credit and debit card transactions by nearly USD 250 million.
digital payments, interchange fee, credit card, debit card, merchant, ecommerce
The Consumer Financial Protection Bureau has proposed new rules to block FIs from adding fees on transactions declined right at the swipe, tap, or click.
regulation, compliance, financial institutions, transactions
Shaun Vanderkaap, VP of Sales and Marketing at Link Money, talks about low-cost payment methods alternatives and the potential of Pay by Bank for merchants in the US.
payments , payment methods, merchants, Open Banking, account-to-account payment, digital wallet, BNPL, credit card, ecommerce, customer experience, biometric authentication
David True, Commercial Director for New York at Payments Consulting Network, delves into the subject of innovation in payments by discussing the use cases for biometric payments.
payment methods, ecommerce, biometrics, online payments, ATM, cross-border payments, cryptocurrency, financial inclusion, P2P payments, cashless
US-based Navan has expanded internationally, offering Navan Connect with card-link tech across 250 global banks for seamless expense management.
spend management, MasterCard, Visa, super app, digitalisation
Visa and Mastercard have been rumored to increase the fees that many merchants pay when they accept customers’ credit cards.
credit card, merchant, interchange fee, payments , retail
Cryptocurrency exchange Binance and Mastercard have announced that they will discontinue crypto card programmes in several countries.
cryptocurrency exchange, cryptocurrency, debit card, digital payments
Cryptocurrency exchange Binance has decided to suspend its crypto debit card services in Latin America and the Middle East.
Martha Southall, Senior Manager of Global Market Insights at CMSPI, discusses the journey of choosing the right selection of vendors or payment partners to drive business growth, boost capabilities, and provide what end-users are mostly eager for – flexibility and exceptional customer service.
payment processing, payments , online payments, merchant, merchants, payment methods, local payment method, checkout optimisation , supply chain finance
India-based fintech PhonePe has rolled out its Point-of-Sale (POS) device aimed at simplifying the checkout process for merchants and provide a seamless experience.
product launch, POS, mobile payments, QR payments, merchants
J.D. Power has released its ‘2023 US Merchant Services Satisfaction Study,’ which showcases the relationship small businesses have with their merchant services.
study, merchants, ecommerce, COVID-19, inflation, SMEs
Jesper Domargård from IDEMIA explains how metal cards are becoming more popular due to evolving customer expectations
credit card, debit card, payment processing, banks, fintech, neobanks, customer experience
Curve, a UK-based financial app, has closed a deal to fund its first USD 1 billion in loans with a facility provided by Credit Suisse.
funding, transactions , merchant, credit card, BNPL
Samsung South Africa has announced that its digital wallet platform, Samsung Wallet, was introduced to the local market.
product launch, digital wallet, payments , online platform, digital payments, digitalisation
Israel-based shopping app Karma has rolled out a new payment feature, Pay with Karma, to offer a one-swipe purchase point with multiple payment options.
instalment payments, ecommerce, artificial intelligence, checkout optimisation , retail, product launch
UK-based payments company allpay has joined forces with Open Banking solution provider Salt Edge to boost the payment experience for allpay’s business clients.
Open Banking, financial services, financial inclusion, PSD2, Open Finance
Canadian telecoms company Telus has announced it will charge a 1.5% interchange fee on the credit card bills of customers outside Quebec.
credit card, payment processing, interchange fee, scheme fee
As the ‘one size fits all’ approach becomes a thing of the past, Nik Zimarkov, the CEO of Karta.io, explains why fintech companies should focus on customer-centricity and simplicity.
fintech, credit card, banks, COVID-19, regulation, blockchain, payments , startup, B2B payments, data
US-based food and mobility services DoorDash and Uber Eats Food Delivery have announced they will enable crypto payments on their platforms through BitPay.
cryptocurrency, ecommerce, gift card , prepaid card, virtual card
US-based provider of omni-commerce, C2B payments solutions, Sionic, has launched its first real-time payments service enabling bank-to-bank digital cash deposits for all US merchants.
real-time payments, digital payments, cashback, bank account, online banking, online banking e-payment, accounts payable, credit card, scheme fee, ecommerce