Square is perhaps one of the hottest startups in all of mobile payment processing. The company, which is backed by a myriad of venture capitalists and Twitter co-founder Jack Dorsey, is setting the...
Continue readingThe Federal Reserve reported on June credit card balances to show that credit card balances are in decline. Revolving credit - the official name for a variety of balances, but mostly credit card debt...
Continue readingUnder the 2009 CARD Act, credit cards will be limited only to people over the age of 21, or 18 year olds with sufficient income for a credit card. This rule change was intended to keep credit cards...
Continue readingThe Federal Reserve Bank collects a tremendous amount of data on consumer spending and financial habits. Among the datasets the Fed collects is a database of account delinquencies for popular...
Continue readingIn the race for the mobile credit card processing business, Google is gaining on the competition. The company's newest Google Wallet app will allow for the use of multiple credit cards and make a...
Continue readingKroger, one of the largest grocery chains in the United States, is considering a new policy which would give a discount to customers who pay for groceries with cash. The decision would mark the first...
Continue readingFollowing a massive settlement between payment processors and retailers in the United States, the European Union sent new objections to Visa about its policies and interchange fees. The EU asserts...
Continue readingVisa reported earnings this week along with new insights into the strength of the credit card industry. According to Visa's numbers, total credit card spending was up, along with the number of...
Continue readingTwo major retailers have bucked from the trend to announce their position against a recent settlement against credit card companies. The settlement for $6 billion in damages is to pay for aggressive...
Continue readingBank of America will begin issuing EMV credit cards to high-income, high-net worth consumers in the coming months as part of a new security program. EMV, which stands for EuroPay, MasterCard, Visa,...
Continue readingPayPal, a product and online payment processing company owned by eBay, announced a recent acquisition which will give it the opportunity to tap into mobile card payments. PayPal acquired a rival...
Continue readingA new settlement between retailers and the credit card industry could leave individuals to pay fees to use their credit card. The industry settled with a collection of retailers to decide on a...
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