credit cards

Two U.S. senators are preparing legislation that would give merchants power to process many Visa Inc. V -0.95% and Mastercard Inc. MA 0.58% credit cards over different networks. The bill, which could be introduced as soon as this week, aims to create more competition among U.S. credit-card networks, a sector where Visa and Mastercard have long dominated. Sen. Dick Durbin, an Illinois…

The British bank said that Virgin Money will enter the fast-growing "buy now, pay later" market, joining other mainstream lenders pushing into the lucrative but sometimes controversial business. Virgin will offer a credit card that allows customers to spread repayments over a number of months, it said, with instalment fees added if they repay in nine months or longer. 'Buy now pay later' products have soared in popularity in recent years with customers buying anything from clothes to electronic gadgets, but have attracted…

Walmart Inc. WMT -0.14% warned that higher prices for food and fuel were causing consumers to pull back, hurting the retail giant’s profits for the current quarter and fiscal year. The company, which warned in May that it was stuck with too much unsold goods, said it was having to cut prices to reduce merchandise levels at its flagship chain and Sam’s Club warehouse chain, which would crimp its profits. The announcement…

domoyega | E+ | Getty ImagesAs credit card debt swells and interest rates spike, many spenders are fearful about high balances.Nearly 1 in 5 Americans are afraid to check their credit card statements, according to a recent report from travel website Upgraded Points, which surveyed 3,500 people in April 2022. While Americans trimmed credit card debt in 2020, steep balances have returned amid soaring costs for staples like gasoline, groceries and housing.Indeed, credit card balances jumped $71 billion year over year,…

SYDNEY—“Buy now, pay later” companies battling a slowing economy and strained household budgets are increasingly turning to niche sectors to secure their futures. For Brian Shniderman, a pivot toward healthcare led to a debate over the Brazilian butt lift.Mr. Shniderman, chief strategy officer for Australia’s Openpay Group Ltd. OPY 13.95% , said payment plans that allowed shoppers to pay in installments for items such as clothing can be…

American Express Co. AXP 3.79% said spending among its cardholders continued to strengthen in the recently ended quarter, despite concerns over rising prices and fears of a recession.The credit-card company said second-quarter revenue rose 31% as cardholder spending on travel and entertainment topped prepandemic levels in April and has continued to improve. “Travel and entertainment spending just exploded this quarter with all the pent-up demand,” American Express…

iOS 16 could have virtual cards available through mobile Safari, bypassing the need to launch Apple Pay. Photo: Victoria Song / GizmodoJust as Google announced it would be adopting virtual cards for shopping through Chrome, Apple is likely also implementing virtual cards in its Safari browser. The news comes from 9to5Mac, which is currently digging through the iOS 16 beta 3, released yesterday afternoon for developers. According to code the site has seen, Apple has apparently been working to implement virtual cards within…

The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range between 1.5 and 1.75%.The Fed's intention is to help combat inflation.Watch this video to find out what rising interest rates mean for you. The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range…

You can use UPI to withdraw cash from ATMs. Yes, there is no need to use debit or credit card for the same. check details here. You require a credit or debit card in order to withdraw cash from ATMs. But, now UPI will help you get cash from ATMs. Customers will be able to withdraw money from bank ATMs via Unified Payment Interface (UPI). Currently, cardless cash withdrawals through ATMs is being offered by a few banks for their customers at their own ATMs.…

Google Pay users can link their credit card to the app to make utility payments. Here is a step-by-step guide for the same. Making online payments is one of the easiest things to do, but only if you know how. Several UPI (Unified Payments Interface) apps like Google Pay, PhonePe, Paytm , among others are being used for the same. With the help of these apps making payments has become easier, simpler, and quick and that too by following a few simple steps. All…