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Mastercard, Visa Reach Settlement With Merchants in Swipe Fee Lawsuit
Mastercard, Visa Reach Settlement With Merchants in Swipe Fee Lawsuit
March 26, 2024  |  Credit Cards

Mastercard and Visa have reached a class action settlement with U.S. merchants, in a deal that aims to end 20 years of antitrust litigation around...

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Chime Extends Fee-Free Overdraft Feature to Credit Builder Card
Chime Extends Fee-Free Overdraft Feature to Credit Builder Card
March 25, 2024  |  Personal Finance

Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash...

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Credit Card Delinquencies Slip as Charge-Offs Keep Rising
Credit Card Delinquencies Slip as Charge-Offs Keep Rising
March 25, 2024  |  Credit Cards

Credit card delinquencies fell slightly last month while net charge-offs continued with their upward trajectory. That’s according to a report Monday (March 25) by Seeking...

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Mastercard’s Partnership With Alipay Connects Digital Wallets to Cross-Border Payments
Mastercard’s Partnership With Alipay Connects Digital Wallets to Cross-Border Payments
March 25, 2024  |  Cross-border Payments

Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets,...

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Gen Z Card Users Are Dissatisfied With Rewards Programs
Gen Z Card Users Are Dissatisfied With Rewards Programs
March 25, 2024  |  Loyalty & Rewards

Generation Z consumers, those often digitally savvy 18- to 25-year-olds, have emerged as an important target market for financial institutions (FIs) seeking to expand their...

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Capital One to Regulators: Discover Deal Will Increase Competition
Capital One to Regulators: Discover Deal Will Increase Competition
March 21, 2024  |  Acquisitions

Capital One says its planned $35.3 billion purchase of Discover will boost competition. That’s according to a report Thursday (March 21) by Reuters, citing information shared by a...

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Merchants Leverage Split-Pay Plans to Drive Spending With High-Income Shoppers
Merchants Leverage Split-Pay Plans to Drive Spending With High-Income Shoppers
March 20, 2024  |  Consumer Insights

As brands and retailers look for ways to win the spending of their highest-value customers, PYMNTS Intelligence research found that installment plans linked to bank-issued...

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Inflation Concerns Sideline Small Business Borrowing
Inflation Concerns Sideline Small Business Borrowing
March 15, 2024  |  SMBs

With the news that inflation climbed upward last month, many small- to medium-sized businesses (SMBs) may find themselves walking a tightrope with even fewer safety nets...

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Preventive Measures Pay Off as Merchants Fight Surging Chargebacks
Preventive Measures Pay Off as Merchants Fight Surging Chargebacks
March 14, 2024  |  Credit Cards

Chargebacks have long been a thorny issue for merchants. And as transactions become increasingly digitized, chargebacks have in turn become more prevalent. They not only...

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