NEW YORK (Reuters) - Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law.
(Sandwich Shop | USA) Sandwich Shop | USASandwich Shop | USA(I handle our catering and delivery orders at my store. A customer wants her check split between two credit cards. The second card number doesn’t work. Unless it’s fixed before the driver leaves, we cannot send a receipt with the driver. The customer doesn’t answer when I call, or return my call [...]
Determining which business credit card is right for your company comes down to the purchases you make, the cash flow your company has and -- ultimately -- your credit history. The good news is that there are business credit cards available for seemingly every kind of company.
At a recent conference devoted to travel and credit card rewards, executives from Chase, Barclaycard, US Bank, Capital One and American Express were on hand to share their views on the future of credit cards — and there was a broad consensus on where the industry is going in the next few years. Here are [...]
Last summer, some of the country’s largest retailers reached a settlment with Visa and MasterCard that was supposed to put to rest qualms the businesses had with the credit card companies’ alleged practice of fee-fixing. The $7.2 billion settlement didn’t sit well with some, including Target and Macy’s, prompting a group of retailers to file a new lawsuit this … [More]
It´s no secret that plastic is rapidly replacing cash and checks all over the world — a strong secular tailwind that can benefit companies in the debit and credit card business. But the really big opportunity lies in emerging markets, where this still-young trend could generate years of growing demand for this industry. When looking [...]
The promise of airline frequent flier credit cards relies on a premise — cardholders will actually be able to redeem a reasonable amount of their miles for award flights a reasonable amount of the time. Yet too many airlines have such...Show More Summary
Several large retailers accuse MasterCard Inc. (NYSE: MA) and Visa Inc. (NYSE: V) of setting unfair fees that damage the retailers' sales prospects and margins while enriching the credit card companies. Bloomberg reports on the retailers' suit: Target Corp. Show More Summary
When looking into buying hardware, software or services for your business, often the sheer number of options is overwhelming. Which laptops are better for your business? What corporate credit card is the best fit for your employees? What is the cheapest all-in-one printer that still offers all the features you need? For many, each one... Show More Summary
By Rachel Goldfarb, originally published on Next New Deal Click here to receive the Daily Digest via email. What’s in millennials’ wallets? Fewer credit cards (LA Times) Emily Alpert talks to Pipeline Fellow Nona Willis Aronowitz about why young households are carrying less and less credit card debt. Show More Summary
The recently formed Consumer Protection Bureau (CFBP) has regulations concerning disclosures on bank teller machines, Loan Originator Compensation Requirements, and credit card fees, among many others. Isn’t it about time that thoseShow More Summary
It’s a much-lamented fact of life that student loan debt is basically non-dischargeable. Can’t pay your credit card debts? File bankruptcy. Can’t handle hospital bills? File bankruptcy. Can’t pay your student loans? Move to Djibouti. For one lucky law grad, however, he’ll be slightly closer to debt-free, despite three failed......
Uber says D.C.'s regulations about credit card payments in taxis will force it to end it's taxi-hailing service next week. City officials say that's bunk. [ more › ]
Over the weekend I wrote a post asking how you Hilton Diamond members approach suite upgrades. I’m a new Hilton Diamond member thanks to credit card spend on the Citi® Hilton HHonors™ Reserve Card (affiliate link), and while the rules on suite upgrades are clearly published with Hyatt and Starwood (the two chains I’m primarily [...]Show More Summary
Did you know that 73% of parents discuss family finances with their children? While that’s an impressive number, many children still aren’t on the same page when it comes to conversations about money. From how banks and credit cards work, to what the stock market is, see the hot money topics kids have on their [...]
(Reuters) - A group of U.S. retailers including Macy's Inc and Target Corp sued Visa Inc and MasterCard Inc on Thursday, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions.
ThanksAgain is the service you link your credit card to and then you earn miles automatically when shopping with participating merchants. It’s like making purchases through an online shopping portal to earn miles for what you’re buying anyway, only it’s for in-person retail purchases. And it functions like Rewards Network (formerly known as iDine but [...]Show More Summary
You may have heard Google wants to absorb your wallet into your smartphone. But these days, slimmer is better. So how about making the wallet disappear altogether? Paytouch wants to link credit cards to fingerprints. What’s the advantage of a fingerprint payment system? No more carrying around cards. Show More Summary
Except for maybe one offseason when Frank McCourt was teetering on the edge of bankruptcy, Dodger GM Ned Colletti has been like a kid with dad’s credit card—wildly spending with little or no repercussions. As the team is on the verge...Show More Summary
Yesterday SMB payments platform Swipley announced a $12 million “series B” funding round. The company’s core function is to process credit card payments. It targets companies that do a minimum of $30K per month in card payment volume. Swipley told me a few weeks ago that it’s now processing billions of dollars in payment volume. [...]