Merchants are facing a sizable number of card declines, which are stubbornly averaging at around 15 percent. That challenge is not lost on FinTech startups. “Merchants are now getting swamped with declines,” Modo Chief Executive Bruce Parker told PYMNTS in an interview. Yet around 12...
Scandinavian payment firm Nets said that clients at some Finland banks reported issues when using their payment cards on Sunday (July 29). “The problems affected card transactions and online banking at some banks in Finland. It was related to a network issue outside Nets,” a...
The Payments Systems Regulator (PSR), Britain’s official payment watchdog group, has announced it will be reviewing banks that process card transactions on merchants’ behalf to evaluate whether customers are getting the best deal. “Card payments are critical to the smooth running of the U.K. economy....
To verify payment cards at the point of sale (POS), Mastercard is looking into blockchain technology. In a filing with the U.S. Patent and Trademark Office (USPTO), the company said it has devised a process to send and retrieve payment credentials through a “publicly accessible...
January 14, 2020
The consumer is doing just fine. To that end, JPMorgan Chase reported results that showed continued strength in U.S. consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 per share that been […]
July 30, 2018
Scandinavian payment firm Nets said that clients at some Finland banks reported issues when using their payment cards on Sunday (July 29). “The problems affected card transactions and online banking at some banks in Finland. It was related to a network issue outside Nets,” a Nets spokesman said, according to Reuters. In addition, a Nordea spokeswoman […]
June 08, 2018
To verify payment cards at the point of sale (POS), Mastercard is looking into blockchain technology. In a filing with the U.S. Patent and Trademark Office (USPTO), the company said...
