Independent Banker
OCTOBER 31, 2022
“We have seen an increase in mobile and digital usage, like other banks,” Hancock says, “but these initiatives have helped expand that engagement from balance inquiries and funds transfers to more complex needs like money management and managing debit card security. “In Looking even further into the future.
Jeff For Banks
APRIL 4, 2024
In 2019, bank revenue from overdraft and non-sufficient funds fees surpassed $15 billion with the average cost of each charge between $30 to $35. In 2019, the major credit card companies charged over $14 billion each year in late fees with an average charge of around $35.
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The Financial Brand
AUGUST 17, 2021
Total debit card spending passed that of credit cards for the first time in 2020. The post Debit Cards Dethroned Credit Cards – Here’s Why That’s Likely to Stick appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The pandemic was a big reason, but not the only one.
The Financial Brand
MAY 12, 2024
This article Despite Ruling Against the CFPB, Banks Must Prepare Alternatives to Card Late Fees appeared first on The Financial Brand. This article Despite Ruling Against the CFPB, Banks Must Prepare Alternatives to Card Late Fees appeared first on The Financial Brand.
The Financial Brand
OCTOBER 27, 2021
The data aggregator launches an accounts-based payments ecosystem that has the potential to sharply impact card networks and bank revenues. The post Plaid’s Payment Incursion Could Radically Alter Card-Based Transactions appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
The Financial Brand
AUGUST 26, 2021
A more dynamic era driven by customer preferences and technology is bringing the card business up to speed. The post 5 Credit Card Trends Signaling a Major Upheaval in Consumer Market appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
The Financial Brand
NOVEMBER 3, 2021
Credit bureau data paints a more detailed picture as new card accounts surge. The post Gen Z Stokes Credit Card Growth in Spite of BNPL appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Wasn't Gen Z supposed to be debt averse?
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