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Reserve Bank of Australia shifts position on Least Cost Routing
The Reserve Bank of Australia (RBA) has announced a marked change in its position on Least Cost Routing (LCR) – how banks and credit card companies prioritise payments in the... read more
The post Reserve Bank of Australia shifts position on Least Cost Routing appeared first on Payments Cards & Mobile.
Apple Card: An important lesson in Issuing a digitally native card
When Apple launched its Apple Card credit card in 2019, it was touted as a gamechanger, with the usual levels of simplicity and transparency that users expect from Apple products. Behind the... read more
The post Apple Card: An important lesson in Issuing a digitally native card appeared first on Payments Cards & Mobile.
Which countries are most reliant on cash and which are least reliant
Since Merchant Machine’s analysis of the countries most reliant on cash in 2021, countries around the world have seen further changes in their payment methods. In light of this, the research... read more
The post Which countries are most reliant on cash and which are least reliant appeared first on Payments Cards & Mobile.
Apple hit with class action antitrust violations over Apple Pay
Apple has been sued in a proposed class action by payment card issuers accusing it of abusing its market power in mobile devices to thwart competition for the Apple Pay... read more
The post Apple hit with class action antitrust violations over Apple Pay appeared first on Payments Cards & Mobile.
Apple Pay Later product to use $73 billion cash reserves to fund loans
I told you so! During Money 2020 I was asked many times about Apple Pay Later and how they would fund the loans. My response? “why would you use Goldman... read more
The post Apple Pay Later product to use $73 billion cash reserves to fund loans appeared first on Payments Cards & Mobile.
