Payments Dive

MARCH 27, 2023

The lack of BNPL data being furnished to credit bureaus more than a year after inclusion efforts were announced points to the complexity involved with fitting the burgeoning payment method into the traditional credit scoring framework.

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Maine Data Payments 300

Payments Dive

SEPTEMBER 15, 2023

The fight over the Credit Card Competition Act is intensifying on Capitol Hill, with Senate floor diatribes and doughnut truck freebies.

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Cards 418

Abrigo

FEBRUARY 16, 2024

Preparing your credit administration for the next cycle Financial institutions should consider these tips for maintaining an efficient credit process throughout the year. You might also like these on-demand webinars tackling common credit risk questions.

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Training Risk Management Analysis Policies 195

South State Correspondent

AUGUST 16, 2023

We recently met with TransUnion, one of the sharpest firms we know when it comes to consumer credit, along with a half-dozen banks, to uncover the data and insights into what the consumer is telling us. Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. These factors bode well for credit.

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Trends Cards Capital Data 195

Payments Dive

OCTOBER 26, 2023

"With credit card debt crossing the trillion dollar mark, we will be working to prevent bait-and-switch tactics when it comes to rewards,” CFPB Director Rohit Chopra said in a Wednesday press release.

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Cards 403

Payments Dive

AUGUST 18, 2020

Millennials have grown up with technology and generally avoid traditional credit cards in favor of digital payments. Tim Harris, CEO of FuturePay outlines how to interest this group in digital revolving credit solutions.

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Millennials Groups Cards How To 476

BankBazaar

APRIL 19, 2024

Confused by Credit Card jargon? This blog post is your saviour, translating complex Credit Card terminology into plain English. Dive in and learn to speak the language of Credit Cards – without getting lost in translation! Credit Limit The maximum amount of credit extended to the cardholder by the issuer.

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Cards Payments Meeting Tools 78

PYMNTS

NOVEMBER 27, 2020

But B2B eCommerce is inherently more complex than consumer-facing sales and payments flows, thanks to the need for corporate buyers to establish payment terms or purchase on credit with suppliers. Challenge of Extending Trade Credit. The Intersection of Payments and Trade Credit.

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Payments User Experience Innovation Cards 261

Payments Dive

MARCH 5, 2024

The Consumer Financial Protection Bureau finalized a rule that sets a “threshold” of $8 for late fees that can be imposed by large credit card issuers, and eliminates automatic inflation increases.

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Cards 243

Payments Dive

NOVEMBER 18, 2022

“Congress has a responsibility to bring much-needed transparency and competition” to credit card swipe fees, writes the chairman of the trade association for 7-Eleven franchisees.

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Cards 397

Payments Dive

MARCH 2, 2023

The card network plans to reduce the credit card surcharge that merchants can impose on consumers, but the proposal is facing pushback.

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Cards 435

Payments Dive

FEBRUARY 1, 2023

The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

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Cards 418

Payments Dive

JULY 18, 2023

Ten banking and payments trade associations sent a letter to Congress on Friday objecting to the Credit Card Competition Act.

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Cards Payments 195

Payments Dive

FEBRUARY 21, 2023

The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories.

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Report Cards Data Payments 243

South State Correspondent

AUGUST 8, 2023

We estimate that approximately 50% of the community banks in the industry have a credit department that exerts influence or sets standards on loan pricing. While this process appears appropriate and benign, it increases credit risk, decreases bank profitability, and undermines the proper function of bank credit/yield tradeoff.

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Community Bank Policies Capital Management 195

Payments Dive

AUGUST 18, 2022

Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D.

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Cards Survey Payments 243

Payments Dive

MAY 12, 2022

While first-quarter consumer credit card debt rose relative to the same period last year, it dropped compared to the fourth quarter. Meanwhile, consumers' outlook on the availability of credit deteriorated.

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Cards Data 397

Payments Dive

SEPTEMBER 22, 2023

How many companies does it take to process a credit card payment?

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Payments Cards Company 468

Bank Innovation

AUGUST 9, 2019

As credit unions look to improve their technology on smaller budgets, one solution is to band together and pool assets. On Thursday, six credit unions did exactly that to improve their online payment capabilities through an investment in the digital payments company Payrailz.

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Payments Online Technology Company 253

PYMNTS

JULY 24, 2020

One of the biggest differences between a bank and a credit union (CU) is that unlike a for-profit bank, a CU is owned by its members. It’s a model based on the concept of collaboration and cooperation, two ideals that have become instrumental in the financial services arena’s payments innovation efforts.

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Innovation Payments Leadership National 201

Payments Dive

JULY 17, 2023

The state’s legislature passed a bill recently to cap credit card surcharges. One experienced payments executive believes that’s the wave of the future.

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Cards Payments 195

Payments Dive

JULY 5, 2022

As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital.

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Cards Payments Capital Company 418

Payments Dive

JANUARY 19, 2024

The state legislation relating to credit card surcharges is poised to keep percolating in a pack of states this year, following new laws in some last year.

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Cards 243

PYMNTS

APRIL 22, 2020

Paay, a startup credit card database storing millions of transactions, has been unsecured for weeks and only now closed again, according to a TechCrunch report. The database works with other payment processors, verifying payments to make sure there is no fraud going on for outside vendors.

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Cards Payments Fraud Data 243

Payments Dive

MARCH 28, 2023

Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline.

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Cards Report Online 448

PYMNTS

APRIL 24, 2020

These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. This is one reason why credit risk has emerged as one of the most promising applications of artificial intelligence (AI). percent do so in payment services, and 71.4 Among banks that use AI, 92.9

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Payments Fraud Study System 251

Payments Dive

NOVEMBER 22, 2022

Consumer demand for credit cards rose this year over prior years, and card issuers increasingly approved their applications despite the worsening economic climate.

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Cards 378

Payments Dive

MARCH 16, 2022

Each generation has approached credit differently; Gen Z is no exception. As they turn toward credit cards, industry analysts say these consumers are likely to keep card companies on their toes.

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Cards Industry Company 481

PYMNTS

APRIL 26, 2020

Banks are bracing for fallout as more people struggle to make credit card payments due to lost paychecks amid the coronavirus pandemic, according to a report by The Wall Street Journal (WSJ). Credit card companies — Capital One, Discover, Synchrony — have been allowing people to pause payments for 30 days or more.

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Cards Payments Capital Groups 209

Payments Dive

MARCH 26, 2024

The two biggest U.S. card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades.

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Cards 448

PYMNTS

SEPTEMBER 21, 2020

Purdue Federal Credit Union has tapped digital payment experience provider Payrailz for payments services. The West Lafayette, Indiana-based credit union (CU) is also becoming a part of CU Railz, the credit union service organization (CUSO) of Payrailz, as a backer, according to a Monday (Sept. 21) announcement. “At

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Payments Indiana Innovation Meeting 159

Abrigo

SEPTEMBER 5, 2023

When and how to cite credit exceptions A policy on credit exceptions can address many factors that can lead financial institutions to diverge from loan policy and miss signs of potential trouble. You might also like these on-demand webinars on tackling common credit risk questions.

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Policies Lending Risk Management Examples 195

Payments Dive

SEPTEMBER 15, 2023

In a new report, the federal watchdog highlighted the pitfalls of school-based tuition payment plans, including confusing repayment terms and a high cost for credit.

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Payments Report 221

South State Correspondent

MAY 23, 2023

Due to higher rates, inflation, and a slowing economy, the three essential credit metrics – probabilities of default (POD), POD rate of change, and POD volatility- have all materially increased from 2022. In 2021, we published articles warning bankers against higher rates (for example, HERE ) and the resulting impact on credit.

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Accenture

SEPTEMBER 4, 2023

As technology has evolved, so have their tactics.   The dial-up world of the 1990s was a golden age for credit card telephone fraud schemes. The smartphone explosion along with other digital devices and… The post One big idea to turn payments fraud from risk to opportunity appeared first on Accenture Banking Blog.

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Fraud Payments Cards Technology 330

Payments Dive

DECEMBER 1, 2023

Synchrony, American Express and Capital One have all been floated by analysts as potential successors to Goldman Sachs for Apple’s credit card.

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Cards Apple Capital 243

Payments Dive

SEPTEMBER 20, 2022

Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

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Cards 370