Payments Dive

APRIL 3, 2024

The Consumer Financial Protection Bureau received 70,000 card-related complaints from consumers last year, according to a report last week.

Cards 434

Cards Report 434

Payments Dive

JANUARY 5, 2023

Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.

Fraud 293

Fraud Report Cards Trends 293

Payments Dive

SEPTEMBER 11, 2023

The credit cards, which can promise patients deceptive no- or low-interest rates, are increasingly being offered in hospitals and physician offices, a PIRG report said.

Cards 221

Cards Report 221

Payments Dive

JUNE 23, 2023

Fees and interest incurred on financial services, including credit cards, rose 14% last year, the Financial Health Network reported.

Report 435

Report Cards 435

Payments Dive

JANUARY 24, 2024

Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.

Cards 408

Cards New York Report 408

Payments Dive

SEPTEMBER 1, 2023

Dick Durbin and Roger Marshall railed against expected credit card fee increases following a report that hikes are planned for October and April.

Cards 418

Cards Report 418

Payments Dive

MAY 23, 2023

Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

Report 370

Report Cards Payments 370

CFPB Monitor

NOVEMBER 20, 2023

The Consumer Bankers Association has launched a four-part blog series “Facts Matter” to counter what it calls “misinformation conveyed by the CFPB” in its press release about the CFPB’s October 2023 report (Report) under the Credit Card Accountability Responsibility and Disclosure Act (CARD Act). Continue Reading

Cards 88

Cards Report Marketing 88

Payments Dive

MAY 8, 2023

The medical credit card industry has expanded in recent years as healthcare providers promoted the cards to patients, the agency said in a report.

Cards 397

Cards Marketing Industry Report 397

CFPB Monitor

OCTOBER 27, 2023

On October 25, 2023, the Consumer Financial Protection Bureau (CFPB) released its sixth consumer credit card market biennial report to Congress as required under the Credit Card Accountability Responsibility and Disclosure Act (CARD Act).

Cards 88

Cards Report Industry Marketing 88

CFPB Monitor

DECEMBER 26, 2023

Last week, the CFPB released its twelfth annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. Continue Reading

Cards 78

Cards Report 78

PYMNTS

JULY 21, 2020

Apple Card users say reporting of their credit card use is now appearing on Experian, the consumer credit reporting company, AppleInsider reported. Reporting of the Apple-branded credit card user’s information had been limited to TransUnion, the Chicago-based consumer credit reporting agency.

Apple 140

Apple Cards Report Chicago 140

Payments Dive

NOVEMBER 17, 2023

Credit card spending for small businesses has largely been flat relative to last year, but balances have risen, the Bank of America report said.

America 259

America Cards Report 259

Payments Dive

NOVEMBER 29, 2023

The proposed winddown would entail the entire consumer partnership, including the savings account that was rolled out this year, sources told The Wall Street Journal.

Apple 243

Apple Report Cards 243

PYMNTS

SEPTEMBER 5, 2019

Commercial and consumer cards issued in the U.S. trillion in spending for goods and services in 2018, The Nilson Report said in a press release Thursday (Sept. Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 Commercial card spending was $1.39 generated $6.13

Cards 188

Cards Report Marketing Payments 188

PYMNTS

OCTOBER 23, 2020

Apple Card users are complaining that a glitch is preventing them from using the payment method on Amazon — and the option vanished as a choice without warning or reason, according to media reports on Friday (Oct. My Apple Card has been removed from my Amazon Wallet. Just checked as well.

Apple 162

Apple Cards Report Payments 162

CFPB Monitor

NOVEMBER 30, 2023

In the second blog post, CBA “explains how the [CFPB’s] public statements can mislead market observers by painting an inaccurate picture of the credit card marketplace.”

Cards 78

Cards Report Marketing 78

Chris Skinner

MARCH 2, 2020

I just received a report from Deloitte about credit and debit cards. It says the future is not so bright: “more payment choices, along with changing consumer preferences, are threatening the long-term viability of the credit card business model.” I said that fifteen years ago.

Cards 532

Cards Report Payments Mobile 532

PYMNTS

DECEMBER 17, 2020

Citi has rolled out its new Citi Fleet Card in Europe and the United Kingdom, with a new solution that brings together a contactless-enabled card with a mobile program. In that case, every fuel card could be used at only one brand. Kao EMEA's U.K. 17) announcement.

Cards 181

Cards Report Mobile Resources 181

Payments Dive

OCTOBER 10, 2022

As card issuers report an uptick in delinquencies and balances, the credit reporting bureau offers new research to help lenders spot trouble.

Cards 221

Cards Report 221

Payments Dive

JUNE 7, 2022

"When it comes to delivering that level of personalization through high-touch digital channels, most banks and credit card providers are missing the mark," J.D. Power said in a new consumer survey report.

Cards 259

Cards Survey Report 259

Payments Dive

NOVEMBER 8, 2023

in Q3 2019, according to a report from the Federal Reserve Bank of New York. Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5%

New York 418

New York Millennials Cards Report 418

Payments Dive

APRIL 13, 2022

Higher spending due to inflation is poised to drive up credit card volumes, according to an S&P Global Market Intelligence report. Card issuers have been eager to see stronger loan growth, but if delinquencies rise, that could be concerning for the industry.

Cards 221

Cards Industry Marketing Report 221

PYMNTS

JANUARY 18, 2021

Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report.

Cards 270

Cards Payments Technology Compliance 270

Payments Dive

JULY 25, 2017

A new survey has revealed consumers have major concerns about the security of their payment card data. Download our new report which summarizes the key findings, including instore payments vs online, where responsibility lies and rates of fraudulent card use

Security 170

Security Cards Report Data 170

PYMNTS

NOVEMBER 12, 2020

Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.

Report 300

Report Innovation Fintech Payments 300

CFPB Monitor

FEBRUARY 20, 2024

In a new data spotlight issued last week , the Consumer Financial Protection Bureau (“CFPB”) found that interest rates charged on credit cards issued by large banks are higher than interest rates charged on credit cards issued by smaller banks and credit unions.

Cards 78

Cards Report Data 78

Payments Dive

JULY 5, 2023

The move, if true, would mark a 180-degree turn after Goldman and the tech giant extended their partnership until 2029 in October.

Apple 243

Apple Report Cards 243

PYMNTS

JUNE 29, 2020

After spending years fine-tuning travel reward cards, banks have found that the coronavirus pandemic decimated all the effort by reducing the need or will to travel, The Wall Street Journal reports. The cards were set up as ways for banks to deepen relationships with customers and offer individual perks.

Cards 309

Cards California Report Examples 309

Payments Dive

JANUARY 24, 2020

A new report from Deutsche Bank says that mobile payment adoption will surge in the next five years, but cash will remain a critical part of many economies. In the developing world, underbanked consumers are moving straight from cash-based economies to mobile adoption, and skipping over the adoption of plastic credit and debit cards.

Mobile 424

Mobile Report Payments Cards 424

PYMNTS

DECEMBER 16, 2020

As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce. Barclaycard Debuts V-Card For Expense Management.

Cards 286

Cards Innovation Management Payments 286

Accenture

JUNE 10, 2021

Key themes Purchase volume has continued to show signs of recovery and most issuers are now reporting YoY growth for the first time in a number of; reported spend volumes at or above Q1 2020 levels; all issuers reported modest QoQ declines in spend as is typical following the holiday period Receivables growth continues to….

US 243

US Cards Report Payments 243

Perficient

APRIL 18, 2024

For example, switching checking accounts to one with a better interest rate involves resetting direct deposits and recurring bill-paying, printing new checks, and obtaining a new ATM card.

Cards 221

Cards Regulation Data Apple 221

Accenture

NOVEMBER 16, 2021

Purchase Volume growth continues to be quite strong, with all issuers reporting 15%+ YoY growth; AmEx and Chase, in particular, reported over 30% YoY growth. The post Q3 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog.

US 221

US Cards Report Payments 221

Accenture

MAY 26, 2022

Key themes Receivables growth continues to gain momentum with issuers reporting single and double-digit YoY growth.? AmEx reported particularly strong growth of nearly 38% on spend and 22% on receivables due to a resurgence of travel spend.? US credit card issuer snapshot appeared first on Accenture Banking Blog.

US 195

US Cards Report Payments 195

PYMNTS

OCTOBER 23, 2020

Capital One reported on Thursday (Oct. 22) that domestic card average loans fell in Q3, as consumers spent less and saved more amid the pandemic. “In Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 billion, the bank reported in its supplemental earnings materials.

Capital 175

Capital Report Cards US 175

Accenture

FEBRUARY 18, 2022

Key themes Receivables growth has started to gain momentum, though payment rates remain elevated, with most issuers reporting high single-digit/low double-digit QoQ and YoY growth.? The post Q4 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog. Net Charge-Offs….

US 195

US Cards Report Payments 195