Tag: Credit cards

Samsung Pay can now open Favorite Cards automatically when you’re near an NFC terminal

Samsung users tend to love Samsung Pay. And for good reason: the technology that powers the service allows users to pay for things with their phones even when NFC isn’t available. A recent update is making it more convenient to use where NFC is available, though. Now, when your Samsung Pay-compatible phone is awake near an NFC […]

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Wolf Richter: The State of the American Debt Slaves, Q3 2018

By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to […]

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America’s Subprime Economy

An important story in Reuters (hat tip Scott) described how the current expansion, in a break with the past two decades, depends on the spending of lower-income households, and that spending in turn is heavily dependent on rising debt levels. The bottom line is that the last two years of growth were brought to you […]

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Migrating payment card info from Chrome to Google Pay might soon be possible

At the moment, it’s possible to sync the payment cards you have in Google Pay with Chrome’s autofill feature. This is incredibly handy for when you make purchases online, especially on sites that don’t have Google Pay as a payment option. Unfortunately, it’s not possible to sync your data the other way, from Chrome to […]

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Contributing Op-Ed Writer: The Supreme Court Devastates Antitrust Law

Obscured by the destructive chaos of the Trump administration, a far more chillingly efficient assault on America is underway: a hard march backward to laissez-faire economic policies of a sort not seen since the late 19th century. Last year, Congress did its part by cutting corporate taxes. And on Monday, in Ohio v. American Express, […]

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Supreme Court Sides With American Express on Merchant Fees

WASHINGTON — American Express did not violate the antitrust laws by insisting in its contracts with merchants that they do nothing to encourage patrons to use other cards, the Supreme Court ruled on Monday. The decision has implications not only for what one brief called “an astronomical number of retail transactions” but also for other […]

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Don Quijones: Consumers Stubbornly Cling to Cash, after Multiple IT Fiascos & Payment Systems Outages

Jerri-Lynn here. Latest instalment in the war on cash: Consumers display a healthy skepticism towards cashless transactions. By Don Quijones, of Spain, UK, and Mexico, and an editor at Wolf Street. Originally published at Wolf Street. The last month has been an unhappy time for daydreamers of a cashless nirvana. Following weeks of disruptive tech […]

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Visa outage: payment chaos after card network crashes – live updates

UK Finance, a trade association which represents leading firms in the payments industry, said: Visa is currently experiencing a service disruption which is preventing some Visa transactions in Europe from being processed. It is investigating the cause and acting as quickly as possible to resolve the situation. Visa is working with banks, building societies, merchant […]

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