payments

How badly was Bread burned by its online credit card payment glitch? | PaymentsSource

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Bread Financial Holdings – formerly Alliance Data Systems – recently modernized its private-label credit card platform by moving tens of millions of records to the cloud, but a technological outage turned the project into a customer service nightmare. The outage in late June and early July prevented some customers from making on-time payments for their …

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New Innovations — Including Crypto Cards — Energizing The ‘Dying’ Credit Card Market

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A man and a woman choose from an array of credit cards and dollar banknotes, 1979. (Photo by Alfred … [+] Gescheidt / Getty Images) Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK Every so often, one financial services observer or another proclaims the death of card cards. Back in April 2013, Motley Fool, in …

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Sunbit issues credit card

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Sunbit, the company building financial technology for everyday expenses, announced that it has expanded beyond point-of-sale lending with the introduction of a new, next-generation credit card. The Sunbit Card delivers unprecedented flexibility and a personalized APR for every approved consumer. In addition to standard credit card functionality, cardholders can choose to pay in full or …

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Senate Legislation Aims to Reduce Credit-Card Swipe Fees

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ALEXANDRIA, Va. — A bill that aims to create more competition among the US credit-card networks and address swipe fees could be introduced as early as today, reports the Wall Street Journal. Two US senators, Sen. Dick Durbin (D-IL) and Sen. Roger Marshall (R-KS), are prepping legislation that would give merchants the ability to process …

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