PYMNTS Quick Takes

Report: Walmart, Target Urge Support for Credit Card Competition Bill
Report: Walmart, Target Urge Support for Credit Card Competition Bill
September 14, 2022  |  Retail

Saying swipe fees for credit cards in the U.S. are seven times higher than those in Europe, more than 1,600 merchants have reportedly signed a...

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Why Peloton’s Biggest Problem Isn’t the Hardware
Why Peloton’s Biggest Problem Isn’t the Hardware
August 25, 2022  |  Retail

The turnaround plan for Peloton prioritizes the growth of its digital offerings over its high-end bike and treadmill sales as the company looks to boost...

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Debit Card Fraud Spotlights FinTech Need for New ‘Money In’ Approach
Debit Card Fraud Spotlights FinTech Need for New ‘Money In’ Approach
August 22, 2022  |  Security & Fraud

Payments fraud is not just a matter of end user vulnerability — the unwitting consumer who clicks on a link or the authorized push payment...

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Volt Exits Banking Sector; Will Return License, Funds 
Volt Exits Banking Sector; Will Return License, Funds 
June 29, 2022  |  Digital-First Banking

Australian challenger bank Volt is returning more than $100 million to its estimated 6,000 customers next week and handing its banking license back to regulators...

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CFPB Targets Credit Card ‘Suppressed Data’ Practices
CFPB Targets Credit Card ‘Suppressed Data’ Practices
May 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced on Wednesday, May 25 in a blog post that it has sent letters to the nation’s biggest credit...

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13,000 Square Merchants Logged BNPL Sales in Q1
13,000 Square Merchants Logged BNPL Sales in Q1
May 05, 2022  |  Earnings

For Block, the parent company of Square, buy now, pay later (BNPL) is already paying off. Head Jack Dorsey and Chief Financial Officer Amrita Ahuja...

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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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Real Time Payments on the Way to Becoming ‘Commonplace’ with FedNow Pilot
Real Time Payments on the Way to Becoming ‘Commonplace’ with FedNow Pilot
May 03, 2022  |  Payment Methods

“We’re getting to a point where real time payments  are going to become commonplace.” Brandon Spear, CEO of TreviPay, made that statement to PYMNTS on the...

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For Restaurants, Consumers’ Inflation Concerns Prompt Renewed Focus on Pickup Channels
For Restaurants, Consumers’ Inflation Concerns Prompt Renewed Focus on Pickup Channels
April 22, 2022  |  Restaurant innovation

As inflation sends prices skyrocketing for businesses and consumers alike, restaurants are left in a challenging position. On one hand, holding prices steady requires them...

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