Credit Cards

The Illinois Retail Merchants Association released a survey late Wednesday showing that voters in the state support the Illinois Interchange Fee Prohibition Act passed earlier this year. The survey comes hard on the heels of a lawsuit filed last month by several organizations representing banks and credit unions challenging the …

Acquirers and independent sales organizations wanting to improve their standing among merchants should take note of four trends affecting payments today, according to Bill Dobbins, head of acquiring and enablement at Visa Inc. Dobbins, speaking at the Western States Acquirers Association conference in Las Vegas this week, outlined why the …

The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs in a lawsuit challenging the Illinois Interchange Fee Prohibition Act. The lawsuit, brought by Illinois Bankers Association, Illinois Credit Union League, American Bankers Association, and America’s Credit Unions and filed last month in the United …

Cryptocurrency gateway Alchemy Pay said it now supports the BNB Chain blockchain ecosystem for developers working in the Web3 arena. Web3 is a vision of a blockchain-based web that includes cryptocurrencies, nonfungible tokens, and related entities. Co-branded credit card platform Cardless Inc. has appointed Joe Wold head of partnerships and Ailien Phan chief compliance …

Payment gateway Slim CD Inc. revealed a data breach resulting from suspicious activity it became aware of on June 15. The investigation found unauthorized system access between Aug. 17, 2023, and June 15, 2024. It says credit card information may have been viewed or obtained. Slim CD said it took measures to …

Credit and debit cards from U.S. Bank are now ready to use with Paze, the online checkout platform, which comes preloaded with access to up to 150 million payment cards. Paze is in the midst of a national rollout as it seeks to give issuers an edge in e-commerce checkout. …

Merchants in the United States paid $224 billion in card-acceptance costs in 2023, the highest toll for merchants in any country in the world, according to payment consultancy CMSPI’s State of the Industry Report. Interchange fees alone accounted for $143 billion of that total. Since 2009, U.S. merchants’ like-for-like payment …

Airline payments powerhouse UATP says it will offer buy now, pay later services from Klarna AB. Meanwhile, CellPoint Digital has signed Arajet, a Dominican Republic startup airline as a payments-processing client. UATP, a Washington, D.C.-based  global payments network, says its new partnership with Klarna will enable airlines to offer Klarna’s …

American Express Co. expects its pilot program enabling cardholders to add their payment information at participating online merchants will please cardholders and make for smoother checkouts. The pilot, announced Thursday, allows AmEx cardholders to add or update their card information and store it for use at a participating merchant through …

The U.S. Department of Transportation is looking into airline rewards programs with an eye on protecting consumers from potential unfair, deceptive, or anticompetitive practices, the department says. Many consumers use cobranded airline credit cards to earn points in these programs, though the DOT’s focus is on rewards, not on card-issuing …