June 27, 2024
Regulating Digital Currencies: Ensuring an Efficient and Competitive Payment Market

There is consensus that promoting competition and innovation is a foundational principle in regulating Central Bank Digital Currencies (“CBDCs”). Competition with existing means of payment (“inter-system competition”) should always be...

June 26, 2024
Consumers Are Tired of Merchant Surcharges and Tipflation

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and tipflation. The PYMNTS Intelligence report...

June 26, 2024
Australian Bank Spots Scams via How Users Hold Their Phones

Can the angle at which you hold your phone help your bank protect against scams? National Australia Bank seems to think so. Speaking during the Australian Banking Association Conference in...

June 25, 2024
Rejected: Judge Nixes $30 Billion Swipe Fee Settlement

Nothing’s settled, it seems — except that the $30 billion so-called “swipe fee” settlement is, at least in this incarnation, seemingly dead and gone. And what comes next is almost...

June 25, 2024
Judge Rejects $30 Billion Visa, Mastercard Swipe Fee Deal

U.S. District Judge Margo Brodie on Tuesday rejected a $30 billion antitrust settlement involving Visa and Mastercard. The proposed settlement, which aimed to limit fees charged to merchants who accept...

June 25, 2024
Bluevine and Mastercard Partner on Small Business Credit Card

Bluevine launched a Mastercard-powered small business credit card that provides 1.5% cash back on all business purchases, merchant discounts and a range of business tools. The Bluevine Business Cashback Mastercard...

June 24, 2024
CE 100 Index Gains 0.5% as Online Betting Names Pay...

The CE 100 Index was 0.5% higher this past week, boosted by the fortunes of the “Have Fun” group, which jumped 3.3%. Within that segment, DraftKings surged 7.9% and Flutter...

June 21, 2024
Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform

Verituity has raised $18.8 million to support the growth of its B2B and B2C verified payout platform. The firm will use the new funding to continue to develop the machine...

June 21, 2024
China Negotiating With Visa, Mastercard to Reduce Transaction Fees

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...