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Kroger considering ban on Visa credit cards

Kroger considering ban on Visa credit cards

American retail company Kroger Co. (NYSE: KR) is considering expanding its ban on Visa credit cards imposed by one of its subsidiaries, preparing to fight back against the over USD 90 Billion annual swipe fee payment.The Company stated that its Food..

Holiday Debt Adds to the Sky-Rocketing Balances of Credit Cards

Holiday Debt Adds to the Sky-Rocketing Balances of Credit Cards

Retailers have reported strong sales during the holiday season and several customers admit that they have used their credit cards for funding purchases. Now it seems like 2018 might witness credit card mortgage crossing $1 trillion.According to Jill..

UPS Reaches Record Holiday Package Returns as Online Shopping Grows

UPS Reaches Record Holiday Package Returns as Online Shopping Grows

United Parcel Service, Inc. (NYSE: UPS) has seen a record number of returns this holiday season as the amount of online shopping continues to reach new heights. UPS said on Wednesday the increasing rates of online shopping are expected to incre..

Strong Retail Sales for Holiday Season

Strong Retail Sales for Holiday Season

Retail sales from the period of November 1 through Christmas Eve were up 4.9 percent from last year, indicating the highest growth rate since 2011.Online sales, which were up 18.1 percent for the season, contributed to the large growth in total reta..

JP Morgan to Cut $200 Million off Chase Sapphire Reserve Cards

JP Morgan to Cut $200 Million off Chase Sapphire Reserve Cards

JP Morgan Chase & Co. (NYSE: JPM) aims to cut costs of about $200 million in the unit that oversees the Sapphire Reserve credit card due to high demand and the card’s generous rewards.Consumers are willing to pay the $450 annual fee for a ..

Visa Beats Q3 Estimates

Visa Beats Q3 Estimates

Payment processing giant Visa Inc. (NYSE: V) said its fiscal third-quarter profit rose sharply from a year earlier, following its purchase of Visa Europe.The San Francisco-based company earned $2.06 billion in the period ending June 30, or 87 cents ..

U.K. Bans Credit Card Surcharges

U.K. Bans Credit Card Surcharges

On Wednesday, the U.K.’s Treasury Ministry announced that British retailers will be forbidden from forcing customers to pay surcharges when they pay for a transaction using a credit card. British consumers tend to face up to 20 percent of surc..