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UK Regulator Fines Four NatWest Banks for Interchange Fee Violations
UK Regulator Fines Four NatWest Banks for Interchange Fee Violations
May 12, 2022  |  Regulation

Four NatWest Group banks — National Westminster Bank, Royal Bank of Scotland, Ulster Bank and Coutts & Co. — were hit with fines totaling $1.9...

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PYMNTS AM Radar: IPO Delivered; Digital Credentials; Paycheck to Paycheck; Surcharges No Problem; ICYMI
PYMNTS AM Radar: IPO Delivered; Digital Credentials; Paycheck to Paycheck; Surcharges No Problem; ICYMI
May 12, 2022  |  Commerce

It’s Thursday, May 12, and the Supreme Court is meeting for the first time today since a draft opinion was leaked about overturning Roe v....

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Merchants Seek Bottom-Line Benefits From Credit Card Surcharges
Merchants Seek Bottom-Line Benefits From Credit Card Surcharges
May 12, 2022  |  Credit Cards

Legal obstacles to surcharges on credit card transactions have been dropping for much of the past decade as courts continue to rule that the surcharges...

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With No Credit Card Processing, Google Stops Paid App Sales in Russia
With No Credit Card Processing, Google Stops Paid App Sales in Russia
May 09, 2022  |  Google

Google won’t be offering paid apps or app updates for Russian users — but that’s not because the company wanted to exit the market, a...

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15-Year-Olds Are Reshaping Banking and Credit, and Changes Are on the Way
15-Year-Olds Are Reshaping Banking and Credit, and Changes Are on the Way
May 09, 2022  |  Digital-First Banking

The Bank of Mom & Dad (BOMD) isn’t just a sitcom line. One analysis found that parents lent their kids a collective $47 billion in...

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Interchange Fees Catch Heat, and Are Defended, on Capitol Hill  
Interchange Fees Catch Heat, and Are Defended, on Capitol Hill  
May 05, 2022  |  Credit Cards

At a Senate Committee on the Judiciary hearing on Wednesday (May 4), interchange fees — levied on merchants as credit cards are swiped, paid out...

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Study: 29% of Consumers Usually Revolve Credit Card Balances
Study: 29% of Consumers Usually Revolve Credit Card Balances
May 03, 2022  |  Credit Cards

Paycheck-to-paycheck consumers are three times as likely to revolve credit card debt and carry higher monthly balances, according to the April 2022 edition of “New...

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May 4 Interchange Fee Hearing: The 5 Things You Need to Know
May 4 Interchange Fee Hearing: The 5 Things You Need to Know
May 03, 2022  |  Regulation

On Wednesday, May 4, the U.S. Senate Committee on the Judiciary will hold a hearing on “Excessive Swipe Fees and Barriers to Competition in the...

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NEW REPORT: Paycheck-to-Paycheck Consumers 3x as Likely to Take On Credit Card Debt
NEW REPORT: Paycheck-to-Paycheck Consumers 3x as Likely to Take On Credit Card Debt
May 02, 2022  |  Consumer Finance

Mounting inflationary pressures continue to weigh on United States consumers’ economic prospects, even as pandemic restrictions continued to lift in late March 2022. The U.S....

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