Payments

Sen. Dick Durbin, D-Ill., went after Visa and Mastercard during an antitrust hearing Thursday in Washington, suggesting the card brands have likely been looking for a way to increase fees and offset previous legal or regulatory pressure on their pricing structures.

Payoneer is working with Mastercard to offer a new digital card for small businesses, e-commerce sellers and freelancers in the B2B market.

Customers and partners will view an easy and reliable payment experience favorably, says Billtrust's Justin Main.

Mobile banking platform provider N26 is expanding its rewards program through a partnership with card-linked offer platform provider Dosh, enabling customers to earn cash back when using an N26 debit card.

The update, delayed from last year, would be the most substantial change to the interchange rate structure in a decade — and the card networks have not signaled plans to delay it further.

The mass shift to remote work has blurred lines between consumer and business pay, creating a greater push for digitization, says Billtrust's Justin Main.

CardX, which enables merchants to add a fee for accepting credit cards, won by showing how its product provides transparency to consumers.

As wireless handset costs rise, American Express is throwing in insurance coverage for phone repair or replacement on top-tier rewards cards as another way to get upscale travel-and-entertainment customers to stick around as the pandemic drags on.

The council plays a critical role ensuring technology meets robust security needs as fraud risks rise, says MYPINPAD's Justin Pike.

Early Warning's person-to-person payment network predicts that real-time settlement through The Clearing House's RTP network will enhance its appeal.