A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

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February 26, 2024

On the web

EU Adopts Euro Instant Payments Rules to Take on Visa, Mastercard

Reuters

"The European Union Council on Monday adopted rules to make instant payments in the euro currency fully available round-the-clock in a move it expected to help European payments companies compete against U.S. firms Visa and Mastercard. The new regulation will allow customers to transfer euro-denominated money within 10 seconds at any time, including outside business hours, not only within the same country but also to another EU member state, the EU Council said."

Credit Card Interest Rate Margins at All-time High

Consumer Financial Protection Bureau

"In 2022 alone, major credit card companies charged over $105 billion in interest, the primary cost of credit cards to consumers. While the effects of increases to the target federal funds rate have received considerable attention, the average APR margin (the difference between the average APR and the prime rate) has reached an all-time high."

On the wires

February 23, 2024

On the web

February 22, 2024

Top Post

On the web

TD Bank Launches "Tap to Pay on iPhone" for Small and Micro Businesses

Business Wire

"TD Bank is among the first large U.S. banks to debut Tap to Pay on iPhone, a secure mobile-based payment acceptance option that offers greater flexibility and convenience to small and micro businesses. Business owners can accept all types of in-person, contactless payments using only their iPhone – from contactless credit and debit card to digital wallet or wearable; Tap to Pay eliminates the need for additional POS hardware."

On the wires

February 21, 2024

On the web

On the wires

February 20, 2024

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On the web

February 19, 2024

On the web

February 16, 2024

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