An attempt to make point-of-sale payment devices obsolete


MagicCube’s i-Accept is a hardware-free option for accepting card and electronic payments that could appeal to cost-conscious small businesses and open up a new market for banks that provide them payments services.


Why Visa and Mastercard are suddenly keen on installment lending


The card networks, along with PayPal and Citi, are responding to competition from the likes of Affirm, Afterpay and other "buy now, pay later" lenders. Should traditional credit card lenders be worried?


Chase launches its first Mastercard-branded consumer credit card in 5 years


Visa and JPMorgan Chase & Co. are in the middle of a 10-year merchant services agreement that gives Chase merchants certain advantages with the expected goal of favoring Visa card volume. But it’s not an exclusive arrangement.


Spike in disputed payments causing headaches for card industry


Chargeback requests have surged since the start of the coronavirus pandemic, as airlines have canceled flights, performers have postponed concerts and supply chain disruptions have delayed the delivery of many goods.


How fintech mentorships have adapted during the pandemic


The days of meeting with mentors and pitching investors in person are at least temporarily over, but fintech incubators, accelerators and boot camps are finding creative ways to replicate these valuable experiences online.


What happens if Mastercard and Visa gobble up all the data aggregators?


Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier.


WSFS to report 2Q gain from selling Visa stock


The Delaware company said it received $22 million in net proceeds after selling 360,000 class B shares.


Mom-and-pop shops left holding bag in consumer card disputes


Payments processors are keeping a portion of payments as a reserve against potential disputes between cardholders and merchants. Small-business owners say the practice is eating into their profits.


New challenger bank caters to freelancers, gig workers


Oxygen helps customers obtain business licenses and separate their personal and business lives. Its says its services will be in demand as the pandemic accelerates a shift away from traditional jobs.


Fed expands Main Street Lending Program; ECB unveils low-rate loans


More companies will be eligible to apply for the four-year loans, including those with high debt loads; four-year loans will be offered to European banks with rates as low as minus 1% as the eurozone economy tanks.