Credit/Debit cards
Visa, Mastercard to cut fees, let retailers reject certain cards
VISA and Mastercard reached a deal with retailers to reduce some of their fees and give merchants more leeway to reject customers who use certain credit cards, including the premium ones that have bee...
Insider perks, bespoke privileges, hidden culinary gems: How to get access to a world of gourmet pleasures
From off-menu creations to seamless concierge access, The Culinaire’s List by DBS connects even more cardmembers to the city’s hardest-to-book restaurants – with a refreshed slate of privileges and re...
From mala to mall: 5 ways Singaporeans are swiping more in Johor
Transactions are up sharply even as the average ticket size dips, suggesting consumers are crossing the Causeway more often and buying more frequently
Visa tests pre-funded stablecoins for cross-border payments
The programme has the potential to eliminate a worst case scenario for clients: an underfunded account causing service delays for their end customers
UOB taps rising Johor spend with cross-border rewards redemption scheme for Singapore cardholders
This comes as spending by the bank’s Singapore credit card customers in Malaysia has risen
Vietnam probes suspected cyberattack on its national credit information database
This comes after an international hacker group offers to sell a ‘full country’ credit database containing ‘very sensitive information’
US consumer borrowing rises most in three months on credit cards
Rising inflation may also be pushing consumers to take on more debt as they turn to credit to cover higher day-to-day expenses
New Zealand to ban surcharges on in-store electronic payments
Surcharges are an amount calculated as a percentage of the purchase price and are applied to transactions to cover the fees businesses pay for accepting contactless payments and credit card
Citi charges US$595 for ‘Strata Elite’ credit card to rival Amex, Chase
In addition to American Express and JPMorgan, Citigroup will be competing with other banks trying to break into the premium space, including Capital One Financial
American Express plans ‘largest investment ever’ in platinum credit card
The New York-based company has faced intensifying competition for premium credit card customers
