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Bank’s Margins Suffer As US Consumers Pay Down Credit Card Debt

PYMNTS

consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank card loans, The Financial Times (FT) reports. According to the report, the total amount of card loans in U.S. Revolving debt was down $9.4

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Cash Or Credit Card For Your Travels Abroad?

BankBazaar

B ig wad of cash or a sl eek Credit Card ? Let’s help you figure out the pros and cons of both when travelling abroad , along with a few pro tips on using Credit Card s overseas. However, when faced with the conundrum of whether to carry cash or card while visiting a foreign country, we’ve got all the answers for you in this article.

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Embedded Finance: Bolstering Brand Experiences

Perficient

As a baseball card collector since childhood, I remember when eBay opened its URL back in 1995. One could buy and sell baseball cards on the site but had to mail a check, or await the arrival of a check, via snail mail. Baseball card heaven for both buyer and seller. Consider the evolution of eBay.

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Comerica CEO challenges American Banker articles on Direct Express

American Banker

Curt Farmer, CEO of the Dallas company, defends its management of a Treasury Department program that provides federal benefits on prepaid cards.

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New credit card partnerships climb, but the composition shifts

Accenture

The credit card partnership market is off to an aggressive start in 2019, given issuers’ robust activity in the first half to try to fuel new growth amidst a leveling-off in receivables. Already, 10 new credit card programs launched in the second quarter of 2019 (Figure 1), compared to the 16 launched in 2018, based on our analysis.

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Apple Card Users Report Problems Paying On Amazon

PYMNTS

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. We’re sorry, we weren’t able to save your credit card information.

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Second Circuit ruling clarifies when data breach plaintiffs have adequately pleaded Article III standing

CFPB Monitor

In a thoughtful opinion that diverges from how other circuit courts have addressed the issue, the Second Circuit recently issued a ruling clarifying the circumstances when data breach plaintiffs can rely on fear of identity theft to establish Article III standing. The case is McMorris v. Carlos Lopez & Associates, LLP (CLA).

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