Payment cards

The drop is likely from both a decline in consumer demand and lenders becoming more cautious, according to CompareCards.

Mastercard Inc. is starting to see signs of improvement in U.S. consumer spending as cities and states ease restrictions on social distancing.

Retailers including Tesco Plc, Ikea and Amazon.com Inc. called on European Union regulators to crack down on credit and debit card fees that have increased after laws capped so-called interchange fees five years ago.

A report from CO-OP Financial Services showed how credit union members' spending patterns adapted to social distancing during April.

The potential for a new card scheme throughout Europe has been a discussion point surrounding the Single Euro Payment Area since its inception more than a decade ago. A new proposal could bring this concept into reality.

Consumer groups are poised to take the bureau to court over its gutting of underwriting requirements, while House Democratic leaders could attempt a repeal through the Congressional Review Act.

Challenger bank bunq has expanded its card partnership with Mastercard to cover 30 European countries as it grows its mobile only footprint coupled with its Green Card.

In announcing plans to export Just Walk Out to other retailers, Amazon rattled the emerging autonomous checkout industry and raised questions about its ability to amass even more data than it already has about consumer consumption patterns.

Curve has decided to take advantage of the work done by the major mobile wallet brands by adding support for Apple Pay and the other major wallet apps. This addition is designed to make Curve, and the Pays, a workaround for banks that don’t support all three major mobile wallets.

For the first-time, over half of all product and service purchase transactions in Russia were paid for using non-cash payment instruments.