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Card fees: the price hike nobody is talking about

Payments Dive

"The Visa-Mastercard duopoly controls about 80% of the market share, allowing them to raise fees indiscriminately and with no formidable opposition," contends Doug Kantor, general counsel for the National Association of Convenience Stores.

Cards 397
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Blackhawk Network Buys National Gift Card

PYMNTS

Global branded payments provider Blackhawk Network has acquired National Gift Card , one of the biggest North American prepaid tech and card companies, according to a press release emailed to PYMNTS. The cards are called "Giving Good" cards and work at various restaurants and retail locations.

National 159
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City National Bank, Extend Team On Virtual Corporate Cards

PYMNTS

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. Replacing them is much easier than replacing plastic cards. to launch this competitive solution.”.

National 172
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Amex, Alipay target fast-growing China market

Payments Dive

The card company has locked arms with the local digital payments player to accelerate its growth in China, the world’s second most populous nation.

Marketing 195
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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

Figure Pay, he said, with the ability to scan QR codes at checkout, is predicated on the concept of using a blockchain payment rail in lieu of interchange as the network is built out — and across a swath of merchants as large as Walmart and small as localized farmers’ markets (in a type of “barbell” approach) upon initial launch early next year.

National 215
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Turkey to be cashless by 2023

Chris Skinner

Nevertheless, from a financial markets point of view, it’s a fascinating place. If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. million POS machines in the market.

National 300
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Mastercard Protests Payments ‘Nationalism’ In India

PYMNTS

government over the use of nationalism by the government in India to promote a domestic payments network there. ” Modi has said that using RuPay is akin to offering a service to the nation, given the fees associated with the use stay in India. Mastercard reportedly has lodged a protest with the U.S.

National 152