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Illinois heads toward landmark card interchange fee restrictions

Payments Dive

The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

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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.

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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.”.

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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.

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Blackhawk Network Launches Equivalent Of Affinity Cards For Charities

PYMNTS

Gift card giant Blackhawk Network this week announced it is selling charity-branded gift cards that will trigger contributions to those charities when loaded. Recipients of what are being called “Giving Good” cards will be able to use them at any of a number of retail and dining locations.

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Citi fined $25.9M over alleged discrimination

Payments Dive

The bank, between 2015 and 2021, denied certain credit card products to applicants with surnames ending in “ian” and “yan,” suffixes that Citi employees associated with Armenian national origin, the CFPB said.

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A Network In A Time Of Need: Credit Unions Go National When Disaster Strikes

PYMNTS

Those efforts culminated with the National Credit Union Foundation’s recent launch of the CUAid Disaster Recovery App , in collaboration with PSCU. If you look at the national banks, they have that distribution of locations and contact centers. But Fagan said that’s a particular challenge given many credit unions’ hyperlocal nature.

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