ECB Official Says Real-Time Payments Systems Could Solve Cross-Border Payments Struggles
A member of the European Central Bank’s executive board voiced frustrations over the persistently high costs of cross-border payments, despite declines in IT and telecommunications expenses. Speaking at the Regional Governors’ Meeting, Piero Cipollone highlighted the issue with a specific example: a small business owner in Croatia sending a €5,000 transfer to a supplier in […]
Two Key Factors Driving Credit Card Rates Higher
Credit card rates remain high for two main reasons, according to a new study from the New York Fed: steep operating costs and undiversifiable risks. An economic downturn could threaten an issuer’s entire portfolio, making risk management a key factor in pricing. Although the average credit card interest rate currently sits at a lofty 20.09%, […]
Digging into the Benefits of Prepaid Commercial Cards
In what remains a challenging environment for many employees, prepaid card programs continue to play a vital role. As associates return to the office or look for new ways to drive sales, employers can leverage a variety of commercial prepaid products to boost morale and reward performance. In the 2025 State of the Industry: Prepaid […]