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 397

Cards 397

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 397

Cards Apple Report 397

Payments Dive

MARCH 25, 2024

The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

Cards 221

Cards Fraud Online Data 221

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 459

California Cards 459

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 418

Cards 418

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 429

New York Cards 429

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 408

Cards New York Report 408

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 418

Cards Report 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 418

Cards 418

Payments Dive

MARCH 27, 2024

Major credit card providers offset attractive rewards programs with fees and interest, costing consumers carrying balances, CFPB Director Rohit Chopra said.

Cards 243

Cards 243

Payments Dive

MARCH 26, 2024

The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.

Cards 259

Cards Apple Company 259

Payments Dive

FEBRUARY 14, 2024

Dick Durbin, sponsor of a card network competition bill, urged the CEOs of Visa and Mastercard to appear at an April congressional hearing and not send their underlings.

Cards 259

Cards 259

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

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 435

Cards Meeting 435

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 403

Cards 403

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

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.

Cards 243

Cards 243

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 312

Cards Online 312

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 418

Cards 418

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! Payment Due The date by which the payment must be received by the Credit Card issuer to avoid late fees.

Cards 78

Cards Payments Meeting Tools 78

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 378

Cards 378

Payments Dive

JANUARY 22, 2024

If it were to pass, the Credit Card Competition Act proposal would result in additional costs without any gains, argues one payments industry consultant.

Cards 221

Cards Industry Payments 221

Payments Dive

SEPTEMBER 10, 2022

An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard.

Cards 459

Cards 459

Payments Dive

MAY 26, 2022

Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.

Cards 456

Cards Company 456

Payments Dive

MAY 16, 2023

First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

Cards 362

Cards New York Data 362

Payments Dive

NOVEMBER 20, 2023

card company now has a means of processing card payments inside China, after years of waiting on Chinese government approvals.

Cards 273

Cards Payments Company 273

Payments Dive

FEBRUARY 1, 2024

Acquiring the digital rewards startup will bolster Blackhawk Network’s rewards platform, the gift card company said.

Cards 221

Cards Company 221

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.

Cards 243

Cards 243

Payments Dive

FEBRUARY 17, 2023

Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies.

Cards 434

Cards Payments 434

Payments Dive

MAY 8, 2023

The medical credit card industry has expanded in recent years as healthcare providers promoted the cards to patients, the agency said in a report.

Cards 397

Cards Marketing Industry Report 397

Payments Dive

MAY 5, 2022

Employers with a Grubhub Corporate Account can set parameters on when workers can use the pay card or choose to give them a daily or weekly credit to use when ordering from partner restaurants on the delivery marketplace.

Cards 396

Cards 396

Payments Dive

OCTOBER 12, 2022

Dick Durbin wasn’t able to attach the Credit Card Competition Act proposal to a defense funding bill this week, but he will try again next month.

Cards 397

Cards 397

Payments Dive

MARCH 7, 2023

The gunman in a 2019 attack at an El Paso Walmart store likely used a credit card to buy his gun online. This story is one in a series of pieces tracking payment methods for guns used in mass shootings.

El Paso 394

El Paso Cards Online Payments 394

Payments Dive

OCTOBER 3, 2023

Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.

Cards 397

Cards Retail 397

Payments Dive

AUGUST 10, 2023

The telecom carriers are incentivizing customers to use their debit cards or bank accounts, as opposed to credit cards, in automatic bill-pay programs.

Cards 370

Cards Mobile 370

Payments Dive

OCTOBER 31, 2023

Dick Durbin and Roger Marshall, who have introduced legislation to spur credit card competition, called on federal regulators to investigate card frequent flyer program abuses.

Cards 243

Cards Regulation 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.

Cards 448

Cards Report Online 448