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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The Financial Brand

JUNE 29, 2021

Anticipation about the mega-retailer's banking ambitions stokes fears, but the evolving role of hybrid fintech/neobank Green Dot is key. The post Walmart & Green Dot Turning Pre-Paid Cards into Checking Accounts appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

DECEMBER 9, 2021

The megabank rolled out a key enhancement to its loyalty program and launched a slick new card — both aimed at high net worth consumers. The post BofA Wades Into High Net Worth Battle with New Rewards and Card Offers appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

OCTOBER 27, 2021

A complex mix of revenues and expenses is not always understood by financial institutions, which can turn card programs into profit drains. The post Evaluating Credit Card Profitability: Fee vs. Interest Income appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

SEPTEMBER 16, 2021

Buy now, pay later isn't merely a Covid-related trend. The post Credit Cards Still Rule, But Face an Existential Threat From BNPL appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Consumers who adopted it during the pandemic say they are likely to continue using it.

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The Financial Brand

JUNE 14, 2021

New cashback rewards card for mass affluent is spearhead for a rejuvenated card program rolling out first phases over 2021-2022. The post Wells Fargo Launches Fresh Attack on Credit Card Market appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

JULY 28, 2021

Instant issuance of new or replacement cards is now expected by consumers. The post On-Demand Cards Are a Key Branch Relationship Builder appeared first on The Financial Brand - Banking Trends, Analysis & Insights. It also creates three benefits for financial institutions.

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The Financial Brand

OCTOBER 10, 2021

Leading traditional credit card issuer crosses the line into merchant-supported buy now, pay later lending. The post Card-Issuing Bank Takes on Fintechs with Its Own BNPL Plan appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

SEPTEMBER 26, 2021

Banks must balance pressure to grow consumer credit with the need to monitor payment performance as buy now, pay later trend boosts debt. The post Credit-Hungry Americans Like BNPL, Cards (and Whatever’s Next) appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

OCTOBER 13, 2021

BNPL use is surging, but card issuers can win by delivering digital journeys that engage and delight cardholders. The post 3 Ways Credit Cards Can Compete Against Buy Now, Pay Later Trend appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

JULY 21, 2021

Attract cardholders with card modernization. The post 6 Ways to Win Top-of-Wallet Status With a Digital-First Card Strategy appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Key elements in a digital-first journey range from quick issuance to simple controls.

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The Financial Brand

OCTOBER 21, 2021

Revenue potential and competitive pressure beckon to card issuers, but Fitch Ratings warns of credit risks in this trendy product. The post Rating Agency Weighs BNPL Versus Credit Cards, With Surprising Results appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

NOVEMBER 12, 2023

This article Credit Card Trends Have Bank Issuers on Alert appeared first on The Financial Brand. On the cusp of the holiday season, card banks must watch usage of their credit lines more closely. This article Credit Card Trends Have Bank Issuers on Alert appeared first on The Financial Brand.

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The Financial Brand

JUNE 24, 2021

The post Five Ways to Stimulate Increased Debit Card Usage appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Marketing can't be a daily core dump of features, but the frequency of promotional messages consumers will accept is higher than you'd think.

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The Financial Brand

AUGUST 30, 2021

The post Satisfaction With Credit Cards Plummets: What Went Wrong? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Nearly all issuers saw declines for the first time in years. The pandemic revealed several weak spots relating to service, terms and rewards.

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The Financial Brand

AUGUST 24, 2023

This article How Proposed Capital Rules Could Hit Credit Cards, Mortgages and More appeared first on The Financial Brand. Regional bank failures and troubles in early 2023 may bear bitter fruit for the institutions in that size class and beyond that survived.

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The Financial Brand

NOVEMBER 23, 2021

Big enough to completely disrupt the payments space, Amazon is flexing its muscles by shunning a traditional credit card giant. The post Amazon Sends Shocking Message to Credit Card Industry With Rejection of Visa Payments appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

OCTOBER 13, 2021

Financial institutions can't approach the generation that's growing up with BNPL and likes debit cards the same way as Millennials. appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The post Will Loan Volume Shrivel as Debt-Wary Gen Z Hits Their Borrowing Prime?

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The Financial Brand

JANUARY 10, 2022

Co-branded GM card, with unique e-commerce potential, is latest foray into banking. The post What’s Next for Goldman’s Marcus Banking Strategy? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Meanwhile, the industry awaits launch of Marcus checking.

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The Financial Brand

DECEMBER 8, 2021

Some view soaring BNPL as an existential threat to credit cards and traditional bank loans. appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Others argue there are strong opportunities. The post Is ‘Buy Now, Pay Later’ the Future of Consumer Lending?

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The Financial Brand

OCTOBER 4, 2021

neobank's ambitions to put its mobile app and white steel card in Americans' hands. Unit appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Dropping the application doesn't mean the end of the U.K. The post End of the Road for Monzo Charter Isn’t End of the Road for U.S.

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The Financial Brand

DECEMBER 3, 2023

appeared first on The Financial Brand. Cheat Sheet: For expenses from credit card debt to medical bills, consumers are embracing unsecured loans. appeared first on The Financial Brand. Do they help – and how could they hurt? This article Fintechs Powered the Growth of Unsecured Personal Loans.

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The Financial Brand

DECEMBER 15, 2021

From BNPL to super apps to real-time trends, payments will send bankers to their pain relievers of choice. The post 7 Major Payment Trends that Will Shake Up Banking in 2022 appeared first on The Financial Brand - Banking Trends, Analysis & Insights. But there's also opportunity.

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The Financial Brand

DECEMBER 13, 2021

The post 9 Pivotal Trends that Will Shape Banking Strategies for 2022 appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Some represent serious operational challenges, others big revenue opportunities.

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The Financial Brand

JULY 20, 2021

A battle of titans is building between Apple and Google over the future of banking. The post Why Apple Pay + Buy Now Pay Later Will Drive Banks to Google Plex appeared first on The Financial Brand - Banking Trends, Analysis & Insights. At stake are data and checking account revenue.

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The Financial Brand

JUNE 27, 2021

Consumers will soon be paying for their apartments with a credit card — and getting rewarded. The post Why (and How) the Bilt Mastercard Is Revolutionizing Paying Rent appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Paying landlords checks is a thing of the past.

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The Financial Brand

AUGUST 16, 2021

The post This Fintech Lender Has Big Plans to Be More Than ‘Just a Bank’ appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Brex aims to build a vast customer base of small-to-midsize businesses, which it says are underserved by traditional institutions.

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MyBankTracker

JANUARY 19, 2021

We’ve kept a close eye on how banks and other financial institutions have changed their products and services in 2020. Here are some of the consumer banking trends that we believe will take hold in 2021. Consumer Banking Trends of 2020. Adoption of digital banking. What we saw were premium cards (e.g.,

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The Financial Brand

JULY 11, 2021

The post What Consumers Really Want from Their Banking Providers appeared first on The Financial Brand - Banking Trends, Analysis & Insights. But while change continues rapidly in the key payments arena, even there traditional methods hang on.

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The Financial Brand

APRIL 22, 2024

This article How the Mastercard/Visa Settlement with Retailers Could Remake the Payments Business appeared first on The Financial Brand. This article How the Mastercard/Visa Settlement with Retailers Could Remake the Payments Business appeared first on The Financial Brand.

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The Financial Brand

DECEMBER 19, 2021

The post The Future of Consumer Credit in 2022 (And Beyond) appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Omicron and persistent inflation cloud an otherwise upbeat view of growth in most categories. Home equity credit may be in for a boom.

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The Financial Brand

JANUARY 25, 2022

The post A Close Look at Covid’s Deep and Lasting Impact on Payment Trends appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Data from a comprehensive Federal Reserve study puts real numbers behind the massive changes in consumer and business payment habits.

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The Financial Brand

AUGUST 15, 2021

The post New Borrowing Options Raise Stakes for Consumer Credit Exponentially appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Financial institutions seeking to capitalize on a borrowing surge face headwinds from fresh rewards offers and novel installment plans.

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The Financial Brand

OCTOBER 18, 2021

Banks and credit unions must find new revenue streams that aren't political lightning rods. appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The post The Beginning of the End for Overdraft Fees — What’s Next?

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The Financial Brand

NOVEMBER 9, 2021

The post Banks Risk Losing Key Income If Payment Trends Continue appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The shift to P2P and rapid growth of buy now, pay later are two more that directly impact revenue.

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The Financial Brand

OCTOBER 25, 2021

The post Banks Duke it Out to Give Consumers a Cash-Back Christmas appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Financial marketers ramp up campaigns to capture holiday spend in a season that is all about cash rewards. But BNPL looms large.

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The Financial Brand

JUNE 10, 2021

The post Financial Marketers Must Rethink Consumer Banking Campaigns appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Tools and techniques for promoting services will have to evolve.

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