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Cards and Payments Industry News

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Weekly News Digest 27 March 2020

Will it be enough? That is the question hanging over the world's biggest economy as lawmakers in Washington agreed a $2 trillion relief package, paralleling the Federal Reserve's slashed interest rate and brakes-off policy when it comes to credit for the financial system. With well over three million Americans having filed for unemployment benefits in the last week alone and entire sectors now having come to a screeching halt, the government is set to apportion some half-a-trillion dollars for once-off hardship payments and unemployment benefits, with $850 billion in loans available for companies large and small. The startling rate of increase in the United States when it comes to Covid-19 cases means that, among other things, a negative... Read more >

Contactless Charted
Contactless adoption trends

Contactless card use could soar as Covid-19 prompts a rise in limit for contactless payments

20 March 2020

Covid-19 macro response | Industry prepares | Rules relax | Branches close

Bank of England
13 March 2020

Economies adjust | Airline loyalty | Fifth Third | EU interchange

Connected globe
6 March 2020

Rate cuts | Contactless hygiene | Revolving cards in Spain | Ant and Klarna

Crystal ball
28 February 2020

Covid-19 | Mastercard c-suite | Neobanks | Pan-EU schemes

How will coronavirus impact global payments
Coronavirus impact on payments

Covid-19 economic fallout | European shares | Dow Jones falls

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21 February 2020

HSBC cuts | Ally & CardWorks | Italian consolidation | Australian routing

Credit cards selection
14 February 2020

Mastercard in China | US debt rise | Wells and Deutsche resets | N26 exits UK

Coloured crossed wires
7 February 2020

Worldline/Ingenico | Networks' earnings strong | Visa changing US interchange | European bank concerns | China crypto close

Banking app and computer
31 January 2020

Goldman eyes consumers | Branch jobs cut at JPM Chase | Amex milestone | UK overdrafts

Bank buildings against sky
24 January 2020

US banks' decade | Central bank crypto | PayPal/UPI | UK m-banking

LED Light display
17 January 2020

Visa acquiring Plaid | Credit cards gambling ban in UK | US 4Q results | Marcus app