Emirates airline is at the forefront of an industry effort to encourage customers to pay carriers directly from bank accounts without involving third parties and their processing fees, the Financial Times reported Monday (July 5). The system to allow electronic payments that don’t involve card companies...
Wells Fargo has come up with details of how it will donate the $400 million in processing fees that it raked in from the U.S. Paycheck Protection Program. In a press release, the company said it would use its new Open for Business Fund “to engage...
Banks arranging government loans intended for businesses hurt by the pandemic could reap as much as $24 billion in associated fees, The Wall Street Journal (WSJ) reported Tuesday (July 7). The publication based the report on research by Edwin Hu of New York University School...
Financial institutions stand to make billions from the $350 billion coronavirus bailout package for small and medium-sized businesses (SMBs), according to a Financial Times (FT) report on Tuesday (March 31). The $2 trillion stimulus bill was passed on Friday (March 29) and announced that the...
June 20, 2017
Our latest Data Drivers finds Karen Webster chewing the fat with Suneera Madhani, CEO and founder of Fattmerchant. The skinny? How to slim down those processing fees and monthly statements.
June 07, 2024
Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings — which are similar to class action lawsuits in the United States — brought on behalf of merchants can proceed, Reuters reported Friday. The two global payment processors already face several […]
July 06, 2021
Emirates airline is at the forefront of an industry effort to encourage customers to pay carriers directly from bank accounts without involving third parties and their processing fees, the Financial...
July 09, 2020
Wells Fargo has come up with details of how it will donate the $400 million in processing fees that it raked in from the U.S. Paycheck Protection Program. In a...
July 07, 2020
Banks arranging government loans intended for businesses hurt by the pandemic could reap as much as $24 billion in associated fees, The Wall Street Journal (WSJ) reported Tuesday (July 7)....
