The Business Times
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Credit/Debit cards

Companies & Markets

Aleta’s fintech solution allows local and regional SMEs to issue custom Visa cards 

Visa and Mastercard agreed to lower swipe fees by 0.1 percentage point for five years, while standard consumer rates would be lowered to no more than 1.25% for eight years.
International

Visa, Mastercard US$38 billion swipe fee settlement wins US judge’s approval

Visa operates a digital payments network across more than 200 countries and territories and is used by billions for everyday transactions.
Banking & Finance

Visa beats quarterly profit estimates on resilient consumer spending

Analysts have said Amex’s focus on the premium segment insulates the company from a broader slowdown in spending, and helps deliver solid growth.
Banking & Finance

Amex projects upbeat 2026 profit on steady spending by affluent customers

Lawmakers have taken aim at card interest rates, often hovering above 20% in recent years, as one way to relieve some financial pressures on consumers.
Banking & Finance

Bank of America, Citigroup weigh new cards with 10% rate

“It would remove credit from 80% of Americans, and that is their back-up credit,” said JPMorgan CEO Jamie Dimon.
Banking & Finance

JPMorgan’s Dimon warns of ‘economic disaster’ for US as Trump backs credit card rate cap

Late last week, President Trump called for a one-year, 10 per cent cap on credit card rates, setting a deadline of Jan 20.
International

White House weighs executive action to cap credit card rates

US credit card balances rose to US$1.23 trillion at the end of the third quarter ended Sep 30, indicated a report from the US Federal Reserve.
Banking & Finance

How Trump’s proposed cap on credit card rates could reshape consumer lending

This bill explicitly directs credit card companies to limit rates as part of broader consumer relief legislation.
International

Trump calls for one-year cap on credit card interest rates at 10%

JPMorgan expects to record a US$2.2 billion provision for credit losses in the fourth quarter of 2025 tied to the forward purchase commitment of the portfolio.
Banking & Finance

JPMorgan to replace Goldman as Apple Card issuer

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