04 October 2022 Consumers prefer cashback rewards: Bank of America Consumers base credit card choices mainly on incentives offered, with a preference for cash back over points, a Bank of America survey found
04 October 2022 Afterpay adds monthly BNPL option The Block-owned buy now-pay later provider is growing beyond its “pay in 4” plans by adding a financing option for pricier purchases
04 October 2022 FTC issues warning on BNPL claims As buy now-pay later popularity has mushroomed, the companies offering the financing have attracted the attention of another regulator
03 October 2022 Fed majority votes to finalize debit rule In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online
03 October 2022 Legislation needed to fill crypto oversight gaps, FSOC says The federal panel said more oversight of stablecoins and crypto spot markets for tokens is needed
03 October 2022 Fiserv adds data service for large merchants The payments processor's new Carat point-of-sale offering aims to help big businesses optimize transaction data
02 October 2022 Fintechs gain ground in merchant acquiring New businesses are far more likely to opt for integrated software vendors over legacy providers, McKinsey discovered