CFPB Monitor

MARCH 23, 2023

The CFPB has announced that it has made changes to its semi-annual survey of credit card term. According to the CFPB, the changes are “designed to increase price competition in the credit card market by allowing people to comparison shop for the best prices and products.”

Survey 78

Survey Cards Comparison Data 78

PYMNTS

APRIL 17, 2018

The initial inner workings of a price comparison tool called Basket began when Neil Kataria was a kid. To encourage users to submit pricing data, Basket offers different incentives such as gift cards. He loved to optimize his mom and dad’s shopping trips by clipping coupons and spotting sales.

Comparison 159

Comparison Retail Online Data 159

PYMNTS

NOVEMBER 30, 2020

Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach. Virtual Card Payment Trends. Merchants’ efforts to please shoppers have ushered in a wave of virtual card activity in recent months, Knutson said.

Cards 151

Cards Security ATM Data 151

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job. In the U.S.

Cards 187

Cards Security United States Technology 187

PYMNTS

JULY 15, 2019

Card delinquencies have remained steady at Bank of America , which reported June credit card delinquencies of 1.56 Net charge-off rate, by comparison, dropped slightly: In June, it registered at 2.71 According to news earlier in the month, large credit card issuers in the United States reported lower delinquencies in May.

Cards 122

Cards America United States Comparison 122

PYMNTS

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.

Cards 140

Cards Software Data Management 140

PYMNTS

APRIL 30, 2020

Cloud banking platform Mambu will help business banking platform Tide expand its services , including innovations in releasing larger overdrafts, credit cards and invoice financing, according to a press release from Mambu. Tide especially wants to use the partnership to focus on bolstering small and medium-sided businesses (SMBs) in the U.K.

Cards 141

Cards Comparison Lending Tools 141

PYMNTS

DECEMBER 6, 2019

The number of consumer payments rose approximately 5 percent by two payments in comparison to October 2017 at 41 payments per consumer per month. made over half of their payments with cards (debit, credit and prepaid) at 54 percent or 23 payments. And consumers in the U.S. Of the average 43 payments per month reported by U.S.

Study 101

Study Report Cards San Francisco 101

CFPB Monitor

DECEMBER 6, 2022

Earlier this year, New York delayed the effective date of its new law requiring card issuers to provide a grace period for using credit card rewards points that was slated to be effective later this week. The last three bullets of the definition of “modification” extend beyond rewards to the underlying credit card account.

New York 78

New York Cards National Compliance 78

PYMNTS

JULY 11, 2017

More CFOs are guiding their organizations toward corporate cards in lieu of offering after-the-fact reimbursements via expense reports, The Wall Street Journal recently reported. Research suggests companies are turning to corporate cards for their security as well. Many businesses are turning to virtual cards for these benefits.

Cards 100

Cards Comparison Groups Report 100

ATM Marketplace

MAY 11, 2017

How much does a card reader breakdown cost you?

Comparison 54

Comparison Cards 54

Bank Innovation

MARCH 1, 2018

UK-based startup Bean, a comparison app which alerts its users to savings opportunities, has officially received approval from the region’s Financial Conduct Authority (FCA), to launch its service, the company announced today.

Comparison 220

Comparison Payments Cards Company 220

PYMNTS

MARCH 25, 2016

It appears that more and more consumers are getting better connected with loyalty programs by linking their cards to them. “Card-linking has a network effect, and it is accelerating,” stated Silvio Tavares, CardLinx president and CEO, in a press release.

Cards 100

Cards social media Survey Comparison 100

FICO

APRIL 19, 2023

Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? The percentage of Established UK credit card accounts with two missed payments is more than 83 percent higher than all account vintages. The percentage of Established UK credit card accounts with three missed payments is nearly 94 percent higher.

Cards 52

Cards Risk Management Trends Groups 52

FICO

FEBRUARY 22, 2023

But this year’s rise seems to also have been driven by inflation, pushing the amount of average credit card spend in the UK to the highest level since our UK Risk Benchmarking records began in 2006. December also saw a significant rise in UK cardholders missing one credit card payment, which underlines the financial pressures on consumers.

Cards 52

Cards Trends Analysis Strategy 52

PYMNTS

JUNE 20, 2019

percent of credit union members consider their FIs’ mobile app offerings to be “very” or “extremely” important — credit cards are often a differentiator among financial institutions. According to the Credit Union Tracker, 71 percent of customers consider credit card offerings when choosing their financial institutions.

Innovation 100

Innovation Cards Analytics Video 100

Tech and Finance

DECEMBER 30, 2018

“Most people don’t want to learn about personal finance in detail; they just want to know they aren’t screwing up,” said Tim Chen, who is CEO of Nerdwallet, the comparison site for financial products from credit cards to mortgages. Chen said the comparison engines in financial services are barely scratching the surface.

Comparison 31

Comparison Meeting Examples Cards 31

Tom Groenfeldt

NOVEMBER 7, 2018

Nerdwallet cuts through the complexity of financial products like credit cards so consumers can see which fit their needs, from cash back to earning miles.

Comparison 81

Comparison Cards 81

PYMNTS

MARCH 29, 2016

Costco’s customers will soon have their Citi co-branded credit card in hand. Citi announced late last week that the cards would begin shipping in order to replace the American Express cards that will end as part of the relationship between Amex and Costco ending over the next few months after a 16-year relationship.

Cards 100

Cards Branding Comparison Examples 100

PYMNTS

SEPTEMBER 13, 2016

Product hysteria is not the sort of thing that normally attaches itself to credit cards — but as scores of message boards and YouTube unboxing videos will attest, consumers are having a rather atypical reaction to the Chase Sapphire Reserve Card. It’s the best time in years to shop for a rewards card.”.

Cards 100

Cards Millennials Comparison Video 100

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189

Cards Google Tools Regulation 189

CFPB Monitor

OCTOBER 17, 2022

Last week, the CFPB released its eleventh annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations).

Cards 78

Cards Report Regulation FDIC 78

BankBazaar

JANUARY 26, 2022

We are beyond excited to announce the launch of our co-branded Credit Card with RBL Bank. The RBL Bank-BankBazaar SaveMax co-branded Credit Card comes equipped with a wide range of benefits and features. We are sure you will love this card as it offers you reward points on every purchase you make. . In the Spotlight: .

Branding 78

Branding Cards Comparison Video 78

PYMNTS

SEPTEMBER 18, 2020

Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. Chime primarily makes money as clients use their cards in comparison to typical financial institutions that make money on fines and debt.

Mobile 264

Mobile Comparison ATM Cards 264

Bankelele

MARCH 18, 2015

Here’s hoping they expand their product range into other areas like telephone rates, credit cards, mortgages and enable loan rate comparisons at different banks using APR. The rates are quite good and up to date E.g. just compared the ones for 3-month fixed deposits at various banks.

Comparison 28

Comparison Cards Marketing 28

MyBankTracker

JANUARY 12, 2021

But it’s since expanded its financial footprint to include credit cards. The SoFi Credit Card is a cash back rewards card that’s designed to help you reach your financial goals. This card is also low on fees — notably, there are no annual fees or foreign transaction fees. No annual fee.

Cards 52

Cards Capital Comparison Examples 52

PYMNTS

MAY 12, 2016

It’s the third most popular option — as well as one way down near the bottom of the rankings — that are showing the most potential energy, by comparison. As far as the popularity rankings of payment methods go in the U.S., there’s movement in each direction by the top two categories — but not by much.

Cards 100

Cards Retail Payments Study 100

PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. In that instance, merchants have to contend with cart abandonment. seconds on average through EMV 3DS.

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

MAY 13, 2019

Globally, tapping to pay with contactless cards has taken off remarkably, and the U.S., nearly half of all Visa transactions at physical points of sale happen via contactless card tap. Asia Pacific lags behind the global average somewhat, with one-third of all in-person transactions happening via contactless card.

US 216

US New York City Comparison New York 216

PYMNTS

OCTOBER 12, 2020

consumers have largely relied on cards, were comfortable with them as a main purchase tool and the U.S. mobile wallet landscape is fragmented in comparison to that of Asian markets. Meanwhile, demand for digital gift cards — one of Blackhawk’s areas of specialty — had been steadily growing but accelerated due to the pandemic.

How To 317

How To Retail Survey Mobile 317

Gonzobanker

APRIL 4, 2024

Because banks like Bank of America, Chase, Wells Fargo and other large regional banks have highly diverse product lines, making a direct comparison of number of customers nearly impossible. Our members use us for their everyday spending, and we make a small part of that transaction when the card gets used at the point of sale.”

Comparison 115

Comparison Fintech America Survey 115

CFPB Monitor

MARCH 10, 2017

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. Third-party comparison sites. Secured credit cards. Culhane, Jr.

Cards 68

Cards Comparison Trends Policies 68

PYMNTS

DECEMBER 27, 2018

Below, Lyons outlines his seven predictors for small business in the New Year as banks begin to shift away from that traditional technology as external forces like open banking and virtual cards force them to enhance their services and protect customer data. Your payments went through one and the card purchases on the another.

Cards 176

Cards Comparison Taxes Data 176

PYMNTS

MAY 13, 2019

In order to make a payment, consumers can add their UnionPay cards to a mobile app and tap “Pay and Receive” to allow the cashier to scan a QR code or scan a retailer’s QR code signage. In Asia, cash transactions are still very popular in Vietnam in comparison to other ASEAN countries due to its low banking penetration, VN Express reported.

Comparison 108

Comparison Technology Cards Mobile 108

MyBankTracker

MAY 19, 2020

When you’re ready to redeem rewards earned with your credit card, it pays to make sure you’re getting the most value possible. The Mastercard Black Card is a luxury credit card that packs a punch for redemptions. While this card earns a flat one point per dollar on purchases, redemption rates are competitive.

Cards 52

Cards Examples Comparison Course 52

FICO

JUNE 14, 2021

Our latest UK Credit Market Report on card trends for April 2021 shows the impact of the opening up of hospitality and retail on April 12. The figures include a 12 percent rise in card spend and more customers exceeding their card limit. Spend on UK cards continued to increase, along with the percentage of payments.

Cards 52

Cards Report Marketing Trends 52

PYMNTS

OCTOBER 5, 2018

The Amazon comparison came from Bialick, who also said that the three-year-old firm is looking to become more of a platform for services from various providers, explaining why it has not applied for a banking license. As we get older, of course, we take on any number of ways to pay, from debit PayPal to credit, to … more credit.

Comparison 192

Comparison Fintech Cards Capital 192