Author: Taige Caldwell Last week, Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) introduced the Credit Card Competition Act of 2022. Like the blueprint Sen. Durbin used a decade ago for debit cards, this bill would require credit cards to be processed over two...

As COVID-19 worsens financial crisis in Europe, Wirecard, a global FinTech company based in Germany filed for insolvency after losing over $12 billion in market value after EY audit reports showed insufficient evidence of $2 billion in profit earned over a decade....

A global payments infrastructure company, TerraPay, and Visa announce a strategic partnership to work together to drive real-time digital remittances, interoperability, financial inclusion and drive adoption of cashless payments. Partnerships have played a vital role...

In this interesting article by AnnaMarie Andriotis and Harriet Torry from The Wall Street Journal, they highlight how cash is becoming a less preferred method of payment due to an increased dependability on credit cards, apps, and online shopping, especially during...

U.S. merchants will spend over $90 billion in credit card processing or swipe fees in 2019. For many organizations, swipe fees represent one of their top five operating costs. Swipe fees continue to grow not only due to an increase in card sales, but also due to...