The EU Seeks to Break Its Dependence on Visa, Mastercard Rails
The European Central Bank (ECB) has reaffirmed its ambition to reduce reliance on non-European payment systems—most notably the networks operated by Visa and Mastercard—in a new position paper outlining a roadmap for the future of retail payments in the EU. U.S.-based rails still process more than 60% of card transactions in Europe, with 13 of […]
U.S. Bank Scores with Amazon Small Biz Card
Amazon approaches U.S. card issuance with a Chase-branded consumer card (this one is in constant use in my household), a PLCC card (issued by Synchrony), and small-business credit cards. The strategy is to link your Prime account to the card and generate reward points. A Shift in Partners U.S. Bank announced it had won the […]
What Banks Get Wrong About Small Business Credit Cards
Banks are underselling one of their most important small business products. While they emphasize rates and fees, business owners are looking for something far more valuable: tools that help them run their businesses more effectively. While these features are undoubtedly important, focusing on them alone overlooks what many business owners value more—credit cards as powerful […]