Spring still seems far away in many parts of the country, so let’s warm up with the best of this week’s global payments news. Research from CompareCards.com says consumers are still looking for more credit card rates protection. Apple and Goldman Sachs have teamed up ...
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Banking
Banking
Ten years after President Barack Obama signed the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act), research by CompareCards.com shows consumers want more credit card protection. The act provided some key consumer protections. It limited banks’ ability to increase interest rates ...
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Advocates of the move towards cashless payments are excited about its possibilities but there’s push back from critics who say it disenfranchises people without access to banking services. New Jersey lawmakers voted to ban cash-free stores and the order simply needs the governor’s signature to ...
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Our global payments news roundup is truly worldwide this week. Visa and MasterCard reported solid year-end financials, although both cards remain locked out of China during the trade dispute. In India, Amazon and Walmart’s Flipkart are scrambling to respond to new stringent e-commerce regulations on ...
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The four major Australian banks reached a tipping point in the roll out of fast payments via the country’s new payments platform (NPP). ...
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Americans aged 50+ make up 35% of the population according to 2018 US Census figures. The American Association of Retired Persons (AARP) estimates these older consumers spend $0.51 of every dollar spent annually in the US. By 2030, these consumers will also spend as much ...
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Lots of payments industry news to cover as business picks up speed in January. The new Square business debit card doesn’t require a bank account and should get banks concerned. Fiserv acquires First Data for $22 billion in the biggest payments industry transaction ever. AMEX ...
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A new PwC report says by 2022, “Open Banking” will provide a $9.2 billion (£7.2B) financial industry opportunity for fintech and other financial services disruptors in the UK. As many as 33 million UK customers are expected to sign up with the growing number of ...
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A new NPR/Edison Research report provides valuable insight into the fast-growing US smart speaker market. The total number of smart speakers in US households grew 78% to 118.5 million devices in December 2018 from December 2017. That means 21% of US consumers aged 18-plus now own ...
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This week’s global payments news roundup is loaded with news you can use starting with Amazon Ring security camera’s own security and privacy problems and plans for its Whole Foods subsidiary to add new suburban US locations. Brands and Amazon are wrestling with who controls ...
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