This Week In Credit Card News: Hurricane Aftermath Causes Payment Problems In Affected Areas [Forbes]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Forbes
wreckage wrought by the storm are grappling with another issue: How to pay for goods and services. Across much of the region, particularly in the hardest hit areas, credit card networks have been disabled in tandem with power and internet outages. Merchants who managed to open their doors were sometimes demanding that customers use cash only because of an inability to process credit or debit card transactions. [ Payments Dive ] Power and internet outages have caused many merchants to only accept cash in hurricane-affected ... [+] areas getty The Buying Power of Your Credit Card Points Is Tanking Inflation is eroding the value of credit card points that are converted to dollars, losing about 20% of their purchasing power since 2018. Airlines and hotels are changing the points needed to redeem flights and rooms to reflect cash prices that have risen with inflation. Experts recommend redeeming points soon after earning them to avoid “pointsflation” and suggest using cards with ea
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