Credit Card Payments news and trends

Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
Legal // July 02, 2024

After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. The opinion comes almost a...

Forwardly Adds ‘Pay by Credit Card’ to B2B Payments Platform
B2B Payments // June 11, 2024

Forwardly has added a “pay by credit card” option to its business-to-business (B2B) payments platform. With this feature, small and medium-sized businesses (SMBs) can both accept card payments for outstanding invoices from their clients and make card payments to pay business bills to vendors and...

High-Income Shoppers Seek Store-Specific Card-Linked Rewards  
Loyalty & Rewards // June 04, 2024

For shoppers with the most cash to burn, PYMNTS Intelligence data reveal, store-specific card-linked rewards go the longest way toward driving spending. By the Numbers The report “Card-Linked Offer Growth Hinges on First-Time Users,” a PYMNTS Intelligence and Banyan collaboration, drew from a February survey...

Income Lags Behind Inflation as Cash-Strapped Consumers Chase Deals
Consumer Insights // October 12, 2023

The U.S. economy is facing growing concerns as wages fail to keep up with high inflation, with consumers finding it increasingly challenging to maintain their purchasing power and financial stability. A recent study conducted by PYMNTS Intelligence reveals that 85% of consumers feel that their wages...

Interviews & Exclusives
35% of Cardholders Abandon Merchant After a Card Decline

October 04, 2024
Striking the right balance between seamless payments and strong security is crucial for merchants. As eCommerce continues to flourish, a PYMNTS Intelligence report, “Why Network Tokenization Is eCommerce’s Newest Essential,” in collaboration with Spreedly, examines why the integration of network tokenization has emerged as a vital strategy to protect sensitive payment information while enhancing the […]

Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion

July 02, 2024
After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa,...

Visa Expands Ecosystem For Crypto-Linked Cards As Spending Tops $1B

July 08, 2021
Visa said it had struck partnerships with more than 50 cryptocurrency platforms and exchanges to allow end-users to spend digital currencies at 70 million merchants globally via crypto-linked cards. The...

Tap To Give To Charity – Yes, It’s A Thyng

August 08, 2017
People don’t write a check to pay for their dinner, movie tickets or groceries, so why are they still writing them for charitable giving? PYMNTS CEO Karen Webster has volunteered...

Quick Reads
Forwardly Adds ‘Pay by Credit Card’ to B2B Payments Platform

June 11, 2024
Forwardly has added a “pay by credit card” option to its business-to-business (B2B) payments platform. With this feature, small and medium-sized businesses (SMBs) can both accept card payments for outstanding invoices from their clients and make card payments to pay business bills to vendors and contractors, the company said in a Tuesday (June 11) press […]

Square Promises ‘Full Review’ After Widespread Outage

September 08, 2023
Square has said it will investigate and publish a full review of an outage that impacted merchants for about 19 hours late Thursday (Sept. 7) and early Friday. The payments...

Card Issuers See Upswing in Borrowing

September 18, 2022
Consumers unleashed from COVID-19 restrictions and confronting inflation-boosted prices are back to using their credit cards near pre-pandemic levels, Seeking Alpha reported Sunday (Sept. 18). The assessment was based on...

Card Companies Cut Credit Lines As Customers Skip Payments

April 23, 2020
Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Customer spending limits are being cut by top...