Merchant

The card network plans to start removing stripes on cards in three years and will eliminate them entirely by 2033. That is expected to be enough time for most merchants to adjust, but gas station operators worry they won't be ready when the transition begins.

The central bank wants financial institutions to enable additional routing options for online purchases, a change industry advocates say would strain the resources of smaller card issuers.

Most people aren't spending bitcoin in stores, but major point-of-sale terminal makers are developing technology and business relationships on the belief that demand will build fast.

On Mar. 31, 2021. Dollars in thousands.

Holders of the card, issued by Synchrony Financial, receive 3% cash back on medical visits, veterinarian bills, gym fees and certain other health-related expenses.

The bank’s decision to offer home improvement loans directly will not have a material impact on profits at the Atlanta-based fintech, according to GreenSky.

Card networks are working with the Metropolitan Transportation Authority to build on touchless fare collection for marketing and commerce.

For years mobile wallets have been a solution in search of a problem – until now. COVID-19 has reframed the retail point-of-sale (POS) and with it, how consumers want to pay, giving wallets a new relevance for safer in-store payments.

The billionaire entrepreneur, Dallas Mavericks owner and "Shark Tank" co-host has always been outspoken. In a recent interview, he shared his thoughts on the shortcomings of the Paycheck Protection Program, the problem with bank consolidation and the future of cryptocurrency.

It may seem odd that Citigroup has created an online lending platform that matches small businesses with minority-run and other banks for no financial benefit. Yet company executives and observers say it makes sense.