Another State Grapples with Debit Fee Surcharges
As merchants and cardholders continue to pass the hot potato of surcharges back and forth, Louisiana is on the verge of imposing stiff penalties on retailers that add additional charges to debit card purchases. The legislation has passed both the Louisiana Senate and House of Representatives and now awaits the governor’s signature. If enacted, it […]
Credit Card Delinquencies Are Mounting: A Warning for 2027 Losses
June 30 is a pivotal day in the credit card industry. Delinquency risk is locked for the current year, and issuers must scramble to reduce credit losses by working out payment arrangements. If the account is in delinquent status as of that day, it is subject to charge-off before year-end. Anything that rolls into delinquency […]
India Pilots Digital Rupee for Aid Distribution, Cross-Border Payments
India is testing whether a central bank digital currency (CBDC) can do more than modernize payments—it may also change how governments distribute public aid. While many CBDCs have received renewed attention for their potential to strengthen the global role of a nation’s fiat currency, India’s recent digital rupee endeavors have also focused on social welfare […]
The Next Phase for Prepaid Cards Could Be Stablecoins
Prepaid cards have come a long way from handwritten gift certificates sold at McDonald’s. But their next evolution may be even more radical—turning stored value into stablecoins. Javelin Strategy & Research’s Prepaid and Stablecoins: Turning Liabilities Into Assets suggests that stablecoins and other tokenized digital assets could transform prepaid cards from balance-sheet liabilities into asset-backed […]