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☆ Powell is completely committed to cooling down the economy, says Mastercard's Meyer
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell is completely committed to cooling down the economy, says Mastercard's MeyerMichelle Meyer, Mastercard, joins 'Closing Bell' to discuss what the Fed's decision to raise interest rates 75 bps could mean for consumers.

☆ Walmart and Target push to lower credit card fees
▼ + stars: | 2022-09-20 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com time to read: +3 min

A pair of bipartisan bills in Congress aim to lower the swipe fees, also known as interchange fees, that retailers pay every time a customer makes a purchase with their card. Visa V Mastercard MA anddominate more than 80% of the US credit card market. Proponents of these bills say they would generate more competition in the credit card network market and break Visa and Mastercard's hold over the industry. "Credit card swipe fees inflate the prices that consumers pay for groceries and gas," Durbin said in July. "Bringing real competition to credit card networks will help reduce swipe fees and hold down costs for Main Street merchants and their customers."

The prices through credit card travel portals are often on par with booking directly through hotels. Depending on the issuer and type of credit card you carry, you might have access to special online booking portals where reservations include these sorts of freebies, too. Although you won't earn hotel points or credit toward elite status by booking through this portal, the $100 credit will likely make up for it. More Information Earn 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership. Note that credit card lenders may use many different variations of credit score models when considering your application.

☆ Emerging markets, M&A, and new services: here are the key trends to watch in the fast-changing payments space
▼ + stars: | 2019-09-23 | by ( Shannen Balogh | ) www.businessinsider.com time to read: +11 min

Emerging markets, led by Latin America, powered 6% growth in global payments revenue last year, according to a brand new report from McKinsey. Consulting firm McKinsey & Company published its 2019 Global Payments Map report on Monday at the Sibos conference in London. It flagged strong growth in areas of global payments revenue, and drilled down into changes that legacy financial institutions may need to make to capture some of the broader space. Emerging markets driving revenue growthMcKinsey expects payments revenues to top $2.7 trillion by 2023. One key factor of growth here is the increase in electronic payments, especially in emerging markets, the report said.

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