Credit Cards

The Credit Card Competition Act (CCCA) was dead in the water. Most of Congress would have preferred to leave it that way, avoiding a vote in which they would have to take sides between two powerful interests: banks and merchants. But President Trump, with a single Truth Social post on …

Payments-technology provider PayEngine will enable its softPOS tap-to-pay service with ServiceTitan Inc., a software developer for contractors in the HVAC, plumbing, electrical, and other service sectors. Santa Monica-based PayEngine says this means consumers will be able to pay their contractor invoices on the ServiceTitan platform by tapping a contactless card …

Research from the processor Paysafe indicates strong interest in online betting during the 2026 World Cup, with 19% of consumers globally planning to place their first online bet during the tournament. Block Inc.’s buy now, pay later service, Afterpay, said 96% of pay-in-four users who shopped during the Black Friday and Cyber Monday …

The proposed Credit Card Competition Act staged a comeback Tuesday with a huge boost from President Trump, who endorsed the bill on the Truth Social platform the previous day. The President’s backing breathes new life into the bill, which has been bandied about Capitol Hill for years. The last major …

Payments and rewards platform Blackhawk Network said it will issue two Mastercard-branded products: the Drive Prepaid Card, aimed at EV adoption programs, test drive incentives, and other programs related to automobiles; and the Grocery Prepaid Card, meant for cost relief. Polygon Labs, a blockchain-based payments company, announced agreements to acquire Coinme, a …

The Electronic Payments Coalition and other banking industry groups late Monday warned that enacting President Trump’s proposed one-year 10% cap on credit card interest rates would cause the majority of credit card holders to lose access to credit. President Trump, who first floated the proposal during his 2024 presidential campaign, …

Merchant surcharges are proving problematic for card-accepting merchants, as nearly one-third of small businesses say customers walk away from a potential transaction when faced with the extra charge, according to a study released early Tuesday by J.D. Power. Some 35% of merchants are now surcharging when customers use credit cards, …

Online shoppers spent a record $257.8 billion from Nov. 1 through Dec. 31, a 6.8% increase from the same period in 2024, according to Adobe Analytics. Over the same period, daily e-commerce spending totaled or surpassed $4 billion on 25 days, compared to 18 in 2024. Cyber Week, the five …

A recap of the top 10 posts on DigitalTransactions.net in 2025. #1 Eye on AI: Worldpay Adds AI Safeguards; Pushpay’s Approach to AI [Aug. 14] As artificial intelligence use builds in the commercial world, its manifestations in consumer-facing payments applications continue to emerge. The latest developments include processor Worldpay using Trulioo’s …