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Barclays UK Completes Previously Announced Acquisition of Tesco Bank
Barclays UK Completes Previously Announced Acquisition of Tesco Bank
November 01, 2024  |  Acquisitions

Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank). Together with the completion of the...

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Visa and Mastercard Earnings Shine Spotlight on B2B Innovations
Visa and Mastercard Earnings Shine Spotlight on B2B Innovations
November 01, 2024  |  B2B Payments

For the payment networks, the continued shift beyond consumer cards has trillions of dollars’ worth of B2B transactions firmly in sight. And, as spotlighted in...

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Square Card Enters UK Amid Small Businesses Cash Flow Worries
Square Card Enters UK Amid Small Businesses Cash Flow Worries
October 31, 2024  |  Payment Methods

Square is expanding its card offering into the U.K. for merchants seeking quicker funding access. An executive from the company — an arm of Twitter founder...

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Velera and RAI Collaborate on Credit Acceptance Programs
Velera and RAI Collaborate on Credit Acceptance Programs
October 30, 2024  |  Credit Unions

Velera and RAI Partners have teamed up to offer credit unions access to solutions that include turn-down programs and portfolio acquisitions. The two credit union...

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Visa to Lay Off 1,400 as It Streamlines International Business
Visa to Lay Off 1,400 as It Streamlines International Business
October 29, 2024  |  VISA

Visa will reportedly lay off 1,400 employees and contractors, including about 1,000 in technology positions, by the end of the year. The company aims to...

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Thunes Debuts ‘Pay-to-Card’ to Expand Cross-Border Offerings
Thunes Debuts ‘Pay-to-Card’ to Expand Cross-Border Offerings
October 28, 2024  |  Cross Border Commerce

Thunes has debuted a solution designed to help customers offer faster cross-border payments. The payment infrastructure company’s Pay-to-Card offering, announced Monday (Oct. 28), is designed to connect members...

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Credit Card Delinquencies Crept Up in September Amid Renewed Spending
Credit Card Delinquencies Crept Up in September Amid Renewed Spending
October 27, 2024  |  Credit Cards

Consumers spent with confidence last month as retail sales climbed. And as Seeking Alpha noted in its “Credit Pulse” report Sunday (Oct. 27), much of...

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Mastercard Expands US Installment Payments to More Digital Points of Sale
Mastercard Expands US Installment Payments to More Digital Points of Sale
October 25, 2024  |  Credit Cards

Mastercard is expanding its U.S. Installments program to all eligible digital points of sale. This offering will allow merchants, financial service providers, payments processors and...

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Data: 88% of Consumers Still Prefer In-Person Grocery Shopping
Data: 88% of Consumers Still Prefer In-Person Grocery Shopping
October 25, 2024  |  Credit Cards

As consumer habits change, payment preferences are becoming segmented based on shopping channels. A PYMNTS Intelligence Report, How People Pay: Debit Leads in Stores, Credit...

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