“Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced the launch of a new consumer credit card – the Bread Cashback™ American Express® Credit Card. Bread Cashback offers unlimited 2% cash back with no reward caps and no categories to manage. Plus, there are no annual fees or foreign transaction fees. Cardholders will also have access to premium American Express offers and benefits.”

“American Express (NYSE:AXP) and i2c Inc , a provider of digital payment and banking technology, today announced an expanded global, multi-product agreement that will enable fintechs and financial institutions around the world to develop and scale innovative payments solutions for consumers and businesses on the American Express global payments network. The agreement signals that the American Express network is ‘open for business’ with fintechs by creating a plug-and-play onboarding platform to bring innovative products to market at speed.”

“A U.S. appeals court on Tuesday revived an antitrust case against Visa Inc over debit card services and reassigned the dispute to a different Texas federal court, after criticizing the slow pace of the litigation and questioning whether the trial judge was biased against the plaintiff. The 5th U.S. Circuit Court of Appeals panel in New Orleans ruled unanimously 3-0 for plaintiff Pulse Network LLC, a subsidiary of Discover Financial Services, which sued Visa in 2014 over claims it was using its dominance to reduce competition in the market for debit card services.”

“PayPal (NASDAQ: PYPL ), today announced the introduction of the new PayPal Cashback credit card, issued by Synchrony, which gives customers even more cash back when they shop with PayPal. With the new card, customers earn unlimited 3% cash back when paying with PayPal at checkout – online, mobile, or in-store with PayPal QR Code where eligible – and unlimited 2% cash back on all other purchases anywhere Mastercard is accepted.”

“Visa Inc. and Mastercard Inc. are planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards. Many gas stations have a $125 limit for Visa transactions at the pump because larger transactions trigger higher fees for certain cards, as well as additional liability in the event of fraud. In recent months, that’s forced some customers — those who drive large SUVs in states with high fuel prices, for example — to pay using two transactions to top off their tanks.”

“AMERICAN Express customers are unable to make payments after the firm was hit by ‘multiple technical problems’. Hundreds of users reported issues through Downdetector this morning, with many saying they were unable to access the app, use the website or make payments.”

“More than 100,000 British companies are to sue Mastercard and Visa over claims they charge fees on corporate credit cards at up to six times the maximum level. A class action claim will be filed on Thursday with the Competition Appeal Tribunal (CAT) by boutique law firm Harcus Parker, on behalf of travel and hospitality businesses. Lawyers claim that Mastercard and Visa are exploiting their dominant position in the market through a loophole that allows them to charge up to 1.8pc per transaction on corporate credit cards.”

“Wells Fargo & Co. will start letting customers earn points and miles on their rent payments as the banking giant deepens its push into credit cards.  The San Francisco-based lender is partnered with Bilt Rewards on a new card that will operate on Mastercard Inc. ’s network, the companies said in a statement Monday.”

“Bank of America today announced the launch of the Business Advantage Unlimited Cash Rewards Secured credit card , Business Advantage Secured Credit Line and the Start a Business Center – its latest products and resources for entrepreneurs looking to start a small business or build their business’ credit history.”

“SmartMetric, Inc. (OTCQB: SMME): Contrary to past thoughts that mobile phones would replace credit cards the reality is that credit cards remain the most dominant transaction choice.Purchase Volume of Visa, Mastercard, American Express and Discover, consumer business and commercial cards issued in the U.S. generated $8.461 trillion in 2021. This was a staggering increase of 25.1% over 2020.2”

“Having held off for the past two years, the country’s two biggest card networks are preparing revisions to their interchange schedules that at least one research firm says will cost U.S. merchants an estimated $475 million in additional transaction fees. Though Visa Inc. and Mastercard Inc. have historically revised their rate schedules each April and October, “this April is particularly significant,” says Callum Godwin, the Atlanta-based chief economist for CMSPI, a United Kingdom-based research firm.”

“London-based fintech Curve has launched in the US, offering Americans the option to combine all their debit, credit and loyalty cards into one. Launched in 2018, Curve is now live in 31 markets and has more than three million customers that can not only access all of their cards through one smart card, but also earn personalised cashback and stack rewards, go back in time to move past payments from one card to another, and access leading FX rates without fees.”

“The Merchants Payments Coalition is launching an advertising campaign urging policymakers to block a change in credit card interchange fees set to take effect next month. The move comes as Visa and Mastercard prepare to implement an increase in network interchange fees for credit and debit cards that was delayed by a year because of the pandemic. The plan calls for increasing the fee on a traditional Visa card for a $100 transaction to $1.99 from $1.90, which the MPC estimates would result in a total $1.2 billion increase in interchange fees paid by merchants and consumers.”

“Visa Inc. and Mastercard Inc. are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards. The fee increases— delayed during the past two years because of the pandemic—are scheduled to kick in next month, according to people familiar with the matter and a document viewed by The Wall Street Journal.”

“Future FinTech Group Inc. (NASDAQ: FTFT ) (“hereinafter referred to as “Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced today that its subsidiary,  FTFT UK Limited (“FTFT UK”), has entered into an agreement with Mastercard to partner on the impending launch of the FTFT Orbit e-money platform and Orbit Debit Mastercard, issued via FTFT UK’s partners.”

“Amazon.com Inc has reached agreement with Visa Inc (V.N) to accept its credit cards across its network, ending a standoff between the two that threatened to disrupt e-commerce payments and deal a blow to the U.S.-based payments processor. Details of the deal were not disclosed but Visa and other payments cards have faced increased pressure about their fees as more shoppers have turned online during the pandemic. The spat had highlighted the growing clout of retailers in the fee battle.”

“Tillful , the leading business credit platform for small and medium-sized businesses (SMBs), today announced it is working with Highnote and Mastercard to introduce the Tillful Card , a new, first-of-its-kind business credit card purpose-built for SMB owners to help increase their access to credit and growth capital.”

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the expansion of its relationship with UnionPay International, a wholly owned subsidiary of China UnionPay, one of the world’s largest payment networks. The collaboration will allow UnionPay to grow on a global scale by facilitating the issuance of virtual and physical UnionPay cards across international markets.”

“Global branded payments provider Blackhawk Network has expanded its longtime partnership with Kroger to offer Mastercard® and Visa® bulk prepaid cards through Blackhawk’s SaaS-based Velocity B2B end-to-end gift card services”

“Alliance Data Systems Corp. is losing one of its biggest credit-card accounts: BJ’s Wholesale Club Holdings Inc. The members-only wholesale club is moving its co-branded credit cards to Capital One Financial Corp., according to people familiar with the matter.”

“Chase, the largest co-brand card issuer in the U.S., and Instacart, the leading online grocery platform in North America, today announced an expansion of their existing partnership to make Chase the exclusive issuer of Instacart’s first credit card. As a part of this partnership, Mastercard will become the exclusive payments network for the new offering.”

“Amazon has dropped plans to block UK Visa credit card payments this week, as the two sides continue to try to resolve a dispute over payment fees…Neither company has indicated when the talks might conclude. In an email to customers on Monday, Amazon said it was working closely with Visa on “a potential solution that will enable customers to continue using their Visa credit cards on Amazon.co.uk”.”

“A merchant interest group took the Federal Reserve to task Tuesday for not pressing ahead with a debit routing proposal it made last year and urged a review of other rules governing fees that card networks can charge in processing debit transactions. The Merchants Payments Coalition struck an impatient tone in its press release Tuesday, putting the Fed on notice that merchants and retailers are absorbing what it considers unfair fees while the government deliberates its proposal to bolster requirements calling for competing card networks in routing debit card transactions.”

“Goldman Sachs Group Inc. announced a new credit card with General Motors Co. , adding another Main Street brand to its consumer business. The agreement is Goldman’s second major co-brand deal, following the launch of a high-profile credit card with Apple Inc. in 2019. Banks use such partnerships with name-brand companies to attract their customers as borrowers.”

“Today, Chase announced it will be rolling out the Chase Ink Business Premier credit card, the newest business card to be added to the Chase Ink suite of products. Designed to better meet the spending needs of larger businesses, Chase Ink Business Premier will be the first Pay in Full business credit card with built-in flexibility for greater spend potential and rich rewards to be offered by Chase. This will allow business owners to either pay their balance in full, or use the new Flex for Business feature, which will enable them to have payment flexibility, when they need it so they can run, grow and manage their businesses.”

“Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), through its subsidiary Simplex, is rolling out branded Visa debit cards to its partners across the European Economic Area and United Kingdom, following a partnership with Visa.  Having already provided crypto-friendly debit cards to blockchain finance ecosystem COTI in recent months, Nuvei via its Simplex brand, continues to make use of its Visa Principal Membership and EMI license to provide partner firms with an easy way to spend crypto anywhere Visa is accepted.”