Regulation and contactless boost card acceptance in Europe

spike

Regulations and ongoing rollouts of contactless terminals at POS are boosting card acceptance networks, with cardholders throughout Europe increasingly using their cards for low-value payments – regulatory factors are playing a key role in increased card acceptance; the number of card‑accepting outlets grew by 9% during 2018, to reach a total of 13.3 million.

One country where growth has been particularly strong is Russia, according to RBR’s new report. Here, legislation requiring merchants with an annual turnover of over €540,000 to accept card payments came into force in 2017, driving a 22% surge in the number of outlets where cards

Read More

U.S. airlines nearing acceptance of payroll aid plan: sources

spike

(Reuters) – Some large U.S. passenger airlines are close to accepting the terms of a $25 billion offer for government coronavirus payroll aid, with announcements possible as early as Tuesday, people briefed on the matter said.

FILE PHOTO: A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, U.S., April 5, 2020. REUTERS/Joshua Roberts

Airline industry officials expect all major airlines to accept the grants in coming days, and U.S. Treasury Secretary Steven Mnuchin said on Monday he expects decisions to come

Read More