Illinois Swipe Fee Law Delayed for at Least Another Year
In a victory for banks and credit card companies, Illinois’ law aimed at ending credit card swipe fees on sales tax and tips has been delayed for another year. The Interchange Fee Prohibition Act, which was passed in 2024, has been scheduled to take effect on July 1, 2026. Under legislation approved by lawmakers this […]
Apple Wallet Adds Receipt-Based Bill Splitting
An upcoming update to Apple Wallet will allow iPhone users to take a photo of a receipt, divide items among friends and family, and create payment requests. In the case of a restaurant check, the new tool can calculate each diner’s share of the bill, including tax and tip. Once the amounts are determined, payment […]
Unsecured at Discover: Unraveling Secured Cards in the Capital One Era
There’s a place in payments for secured cards. They help credit-challenged consumers rebuild their credit by placing funds in escrow, which protects lenders from potential losses. Some issuers offer strong programs. Discover is one of the few issuers that provides a rewards program. Bank of America offers a great Small Business Secured card. KeyBank stands […]
Stablecoin Success Will Depend on More Than Technology
Aside from artificial intelligence, few innovations have dominated the financial services discussion in recent years as much as stablecoins. The benefits of these digital assets are no longer speculative; they have been demonstrated across a wide range of use cases in a thriving global market. This promise has made stablecoins highly attractive to financial institutions, […]