Payments Dive

AUGUST 8, 2024

Consumer credit card debt delinquencies are also on the rise, particularly among younger consumers, according to a New York Federal Reserve report.

Cards 436

Cards New York US Report 436

Payments Dive

AUGUST 26, 2024

Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.

Report 450

Report Cards Millennials Management 450

Payments Dive

APRIL 24, 2024

The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.

Cards 388

Cards Report 388

Payments Dive

JUNE 7, 2024

The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

Illinois 483

Illinois Cards Taxes National 483

Accenture

AUGUST 20, 2024

For decades, commercial cards have provided card issuers with high fee income and strong P&Ls. The market is growing and evolving, with virtual cards as the primary driver.

Cards 195

Cards Capital Security Marketing 195

Payments Dive

JULY 31, 2024

Slowing card volume growth in the network giant’s earnings report this month revived questions about the longevity of its core business.

Cards 398

Cards Report 398

Payments Dive

MARCH 26, 2024

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

Cards 450

Cards 450

Payments Dive

SEPTEMBER 16, 2024

The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.

Cards 244

Cards Company Lending 244

Payments Dive

JULY 16, 2024

The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.

Cards 244

Cards 244

Payments Dive

FEBRUARY 12, 2024

Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.

California 523

California Cards Report 523

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 435

Cards Report 435

Payments Dive

SEPTEMBER 21, 2023

The state’s lawmakers approved a bill that would ban the use of plastic for gift cards by 2027, but it’s still waiting on the governor’s signature.

California 460

California Cards 460

Payments Dive

JUNE 27, 2024

Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.

Cards 391

Cards 391

Payments Dive

SEPTEMBER 29, 2023

“There's a huge, huge upside” for the environment every time a gift card is made from paper instead of PVC plastic, Blackhawk Network Senior Vice President Cara Renfroe said in an interview last week.

Cards 419

Cards 419

Payments Dive

DECEMBER 6, 2023

The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.

Cards 398

Cards Apple Report 398

Payments Dive

OCTOBER 3, 2024

The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.

Illinois 222

Illinois Cards Taxes 222

Payments Dive

FEBRUARY 7, 2024

Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.

Cards 398

Cards 398

Payments Dive

NOVEMBER 21, 2023

As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.

New York 431

New York Cards 431

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 419

Cards Report 419

Payments Dive

MARCH 20, 2024

New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

Philadelphia 418

Philadelphia Cards Boston 418

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.

Cards 419

Cards 419

Payments Dive

OCTOBER 14, 2024

The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.

Cards 195

Cards 195

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 409

Cards New York Report 409

Payments Dive

JULY 15, 2024

With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

Cards 195

Cards Fraud 195

Payments Dive

APRIL 24, 2023

Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.

Study 487

Study Cards Payments 487

Payments Dive

AUGUST 25, 2023

After recasting its card strategy, the buy now, pay later provider is taking a gradual approach to adding new cardholders, teasing more rewards to come.

Cards 369

Cards Strategy 369

Payments Dive

AUGUST 14, 2024

The bank and credit card issuer told regulators in a letter that competition will require it to keep its products fairly priced.

Cards 274

Cards Capital Regulation 274

Payments Dive

JUNE 23, 2023

The online broker said it agreed to acquire the credit card business for $95 million. X1 doesn’t charge card holders annual or late fees, but does charge interest.

Cards 313

Cards Online 313

Payments Dive

OCTOBER 20, 2023

The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.

Cards 436

Cards Meeting 436

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.

Cards 419

Cards 419

Payments Dive

AUGUST 6, 2024

The two developments stem from greater use of credit cards, and could have implications for some businesses, says a Bain & Company analyst.

Cards 274

Cards Company 274

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.

Cards 405

Cards 405

Payments Dive

APRIL 15, 2024

Card programs can increase purchase authorization rates without taking on undue fraud-liability risk with 3-D Secure (3DS). Here’s what it is and how card issuers can leverage it.

Cards 244

Cards Fraud Security 244

Payments Dive

JULY 8, 2024

The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.

Cards 195

Cards 195

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.

Cards 379

Cards 379