Both Consumers and Merchants Benefit from Rewards Cards

Consumers obviously prefer rewards cards for the cash back, airline miles, hotel stays, or other rewards they accrue through their spending. Some recent data suggests that rewards cards benefit retailers as well by boosting the customer base and higher sales. The data show that consumers who pay with cards tend to spend more than those […]

The Costs and Benefits of Interchange

As with many institutions or policies, there are costs and benefits of implementation. For electronic payments in the U.S., interchange helps to fund a system that moves trillions of dollars annually. This is accomplished almost instantaneously, with a guaranteed payment to merchants, higher average transaction values, rewards to consumers, and state-of-the-art security features like tokenization.[…..]