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Payments News Digest 14 January 2022

US/Mexico: Wall Street lenders pursue radical changes as battle for retail custom shifts gear Bank of America has decided to do away with fees levied for bad cheques , joining the recent trend in the country to deliver consumer-friendly news as Americans contend with increased inflationary pressures on their household budgets. The lending giant, bested only in the United States by JPMorgan Chase for retail bank assets, will also be cutting fees for overdrafts by 71 percent, down to $10 from $35. Bank of America, by its own estimate, has some 66 million consumer and small business clients. Rival Citigroup meanwhile has augmented its retreat strategy from retail banking markets... Read more >

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BNPL | Chuck | Digital Yuan

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Fraud | Chase Europe | RuPay

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Amex & millennials | UK Consumer Duty | Pix debut

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Overdrafts | Chinese payments | UK clearing

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BNPL headwinds | CBDC | Black Friday

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Amazon/Visa | European Payments | Paytm

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News: 12 November 2021

Overdrafts | ASEAN digital | Ireland

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News: 5 November 2021

Amex Debit | UK acquiring | 0% Oz cards

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News: 29 October 2021

Plaid pay-by-bank | 3Q results | Klarna/Stripe

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News: 22 October 2021

X1 Card | A2A | Asia-Pacific

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News: 15 October 2021

3Q21 results | POS shift | eQR

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News: 8 October 2021

Apple Pay v issuers | Plex | USPS

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News: 1 October 2021

Mastercard BNPL | Amazon POS | PagoNxt

App
News: 24 September 2021

PayPal app | US Open Banking | WhatsApp cashback

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News: 17 September 2021

Goldman/GreenSky | RTPS | Alipay lending

Car commerce
News: 10 September 2021

JPM/VW | Amazon v Visa | Ikea BNPL

Retail store interior
News: 3 September 2021

Barclays in US | Australia Digital Wallets | Japan & China Payments

Using ewallet to make a payment
News: 27 August 2021

Apple Pay | BNPL strategy | Walmart/Amazon

Travel
News: 20 August 2021

Sapphire rewards | PayPal BNPL | Big Tech payments

Skyscrapers in Sydney Australia
News: 13 August 2021

Citi Australia | Scotiabank BNPL | Amazon/Visa

Paying for a meal with a credit card
News: 6 August 2021

US POS | Square/Afterpay | Nexi's Greek JV

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News: 30 July 2021

Visa e-commerce | Industry revenues | Santander acquiring

Small business – 1200px
News: 23 July 2021

Square's SME play | Paytm's IPO | Afterpay banking app

Glass buildings in financial district
News: 16 July 2021

US banks recoving | Apple BNPL | UAE GovCoin