Expedia Group said Friday (July 12) that it will launch two new co-branded credit cards designed to complement its loyalty program, One Key. The new cards — the One Key Card and the One Key+ Card — will result from the online travel platform’s new...
California now requires credit card companies to designate a code for gun sellers. California became the first state in the country to enforce a four-digit merchant category code (MCC) for stores that sell firearms, USA Today reported Sunday (July 7). The law went into effect...
Visa and Mastercard have reportedly agreed to extend caps on tourist card fees in Europe. As Reuters reported Friday (July 5), the card companies and European Union regulators had originally agreed to the caps five years ago, and will now extend them to 2029. The report notes that...
Discover Financial Services wants to settle a lawsuit accusing it of overcharging merchants. The lender revealed the proposed settlement in the class-action case in a Wednesday (July 3) filing with the Securities and Exchange Commission (SEC). “As of March 31, 2024, the company had increased its liability to...
The ability to access credit is a necessity in today’s economy. However, 16% of U.S. consumers find themselves without a credit card. Lack of credit access limits these consumers’ financial flexibility and restricts their access to a valuable lifeline in emergencies. We call these consumers,...
Last week, a federal judge rejected Visa and Mastercard’s $30 billion settlement with merchants. Now, new court filings provide more detail about U.S. District Judge Margo Brodie’s rejection of the deal in the decades-old litigation between the two payments giants and retailers over credit card...
Fleet management platform Motive is offering its card customers a new way to cut fuel costs. Missed Savings for Motive Card customers is what the company described as an “industry-first” feature that lets users reduce fuel costs by 5% or more, according to a Wednesday...
Although consumer spending dipped slightly last month, not all spending choices are created equally. While some consumers curtail spending by choice, others do it entirely out of necessity. Distinctions in spending habits become clearer when examining how and when consumers use credit to cover their...
China is reportedly negotiating with Visa, Mastercard and other global card issuers, seeking to reduce the fees they charge local merchants on foreign card transactions. The Payment & Clearing Association of China has proposed that the card issuers reduce their fees from the current range...
