Forbes: The Durbin Amendment Will Imperil Security and Innovation in the Credit Card Market One of those amendments likely to be considered is Senator Richard Durbin’s Credit Card Competition Act, which would effectively prohibit consumers, payment networks, and financial institutions …
Payments Journal: Rethinking Commercial Credit Cards in a High Inflation Environment The United States, and much of the world, is facing an inflationary environment not seen in more than 40 years. Persistent, high inflation is proving to be stubborn and …
American Banker: Buy Now/Pay Later Fintech Afterpay Debuts Interest-Bearing Loans Afterpay is no longer just a “Pay in 4” buy now/pay later lender. The fintech, a unit of Block, is adding a monthly payment option at the point of sale …
CNBC: Mastercard Pushes Deeper into Crypto with New Tool for Combating Fraud Mastercard will debut a new piece of software that helps banks identify and cut off transactions from fraud-prone crypto exchanges. Called Crypto Secure, the system uses “sophisticated” artificial …
CNBC: One of the biggest credit card misconceptions is that carrying a balance month to month will give your credit score a boost. To that point, 46% of Americans incorrectly believe that leaving a small balance on their card is …