Tue.Jul 14, 2020

Remove lending-cards
article thumbnail

Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses

PYMNTS

billion rise in credit reserves and a decline in cards purchase sales of 24 percent. billion firmwide and a decline in credit card sales volume of 23 percent for its consumer & community banking division. billion addition to its credit loss reserve in Q2 and that general-purpose credit card volumes fell 22 percent to $15.8

Cards 158
article thumbnail

Afterpay moves into US brick-and-mortar retail

BankInovation

The Australian point-of-sale lending company, which launched online in the U.S. The Afterpay card — and what we’re bringing to the market — is a virtual, contactless Visa card that is stored either in customers’ Apple […]. Afterpay is heading into brick-and-mortar stores in the United States.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

JPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct

PYMNTS

Moreover, Dimon noted that while the bank saw some of its lending portfolio hit hard by the pandemic during the second quarter, JPMC has also started seeing some green-shoot signs of returning consumer demand. Card sales volumes are down, but have been consistently trending upward since April,” Dimon said. “We

Cards 163
article thumbnail

Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action. The account comes with 1.30

Lending 130