Flashback to March 2021 – the U.S. Government had just issued its third, and largest, round of COVID-19 stimulus checks. March’s issuance of $1,400 quickly followed the $600...
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Credit Card Competition Act of 2022
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...
Wirecard and the Curious Case of the Missing $2 billion
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....
VISA and TerraPay Partner Drive Real-Time Payments Interoperability
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...
The Credit-Card Fees Merchants Hate, Banks Love and Consumers Pay
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...
Strategically Managing Card Swipe Fees
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...
Guidance for Outlining your Key Payments Goals in 2020
As you are coming up with your personal resolutions for the new year, we wanted to offer some potential payments ‘resolutions’ or goals for your organization for 2020. Here are 5 key payments goals that you should tackle or start tackling in 2020: 1. Security -...