PayPal Brings BNPL to Canada as Holidays Approach
As more consumers feel the impact of holiday spending on their budgets, PayPal is launching its buy now, pay later service in Canada. Customers will be able to split purchases between $30 to $1,500 into four installments, as long as the merchant is a PayPal partner. One of the goals of the launch is to […]
What the CFTC Has in Store for the Crypto Industry
The Senate has moved one step closer to regulating cryptocurrencies as commodities rather than securities—a shift that would open the door to spot trading. The move aligns with the broader trend, accelerated under the Trump administration, toward easing restrictions on crypto. A new bipartisan discussion draft from the Senate Agriculture Committee would grant the Commodity […]
Evicted: Wells Fargo Stops Marketing Bilt
It was a good idea at the time. No issuer made a meaningful play to create a co-brand in the rental industry. With almost 50 million households renting their homes, couldn’t a top issuer come up with a program that rewards all parties to create a leading co-brand franchise? With top issuers offering cobranded cards […]
Visa and Mastercard’s Merchant Settlement Could Imperil Rewards Cards
After decades of contention, Visa and Mastercard are reportedly ironing out another settlement with merchants over interchange fees. According to the Wall Street Journal, the two companies may agree to incrementally lower credit card interchange fees merchants pay—from current rates of roughly 2% to 2.5% to about 0.1% over several years. While that reduction would […]