Breaking Industry News
Breaking News articles for June 2025
Is Credit Card Competition Act a genius idea?
Thursday, June 05, 2025
The battle lines are firming up over a proposal for banks to provide merchants with options for what networks are used to process payments they receive using credit cards. The Credit Card Competition Acth is a bipartisan bill, authored by senators Dick Durbin, D-Ill., and Roger Marshall, R-Kan., that is fiercely backed by merchant trade groups.
Resilience required amid global tariff turbulence
Wednesday, June 04, 2025
As the global economy reels from intensifying trade wars and sweeping tariff policies—particularly those stemming from the United States—financial markets and commerce ecosystems are being pushed to the brink. While capital markets scramble to keep pace with historic trading volumes, the payments industry is confronting an unprecedented rise in transaction failures, compliance headaches and systemic risks that show no signs of abating.
The ugly side of BNPL
Tuesday, June 03, 2025
Buy now, pay later (BNPL) firms have a lot of fans, especially among millennial and Gen Z consumers, according to several surveys. Now a new report from the Federal Reserve Bank of Kansas City revealed that BNPL is especially popular with consumers and who are way over their heads in debt.
