- Sixty-two percent of U.S. consumers used a credit card in 2018, up from 60% in 2017, finds a report from Mercator Advisory Group
- Bestpass Inc., a provider of toll-management services for commercial fleets, said it finished 2018 with 500,000 active transponders in its network of almost 6,000 clients.
- The fastest way to solve income inequality is for the Federal Reserve to build a real-time payments system, the Brookings Institute argues, pointing to fees and penalties low-income people incur with check cashers, payday lenders, and bank overdrafts.
- A dozen companies have confirmed they are using or plan to use the xRapid cross-border payment service offered by Ripple Labs and its XRP cryptocurrency.
- Proxibid, an online auction platform, announced it has acquired Wavebid, a provider of auction-management software. Terms were not disclosed.
Check Also
Nearly Half of Consumers Say They’re More Satisfied With Their Card Issuer After Suffering Fraud, As Fraud Remains a Threat
Despite the ever-present threat of fraud, almost half of consumers tend to have a more …