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

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

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

SEPTEMBER 14, 2018

Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool.

Branding 139

Branding Marketing San Francisco Seattle 139

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

PYMNTS

OCTOBER 12, 2020

From Mao’s view, in Asian markets where cash had historically dominated, mobile wallets filled a need for an easy, accessible “ubiquitous cashless payment” for the masses. consumers have largely relied on cards, were comfortable with them as a main purchase tool and the U.S. By contrast, U.S. She said about 61 percent of U.S.

How To 317

How To Retail Survey Mobile 317

PYMNTS

JUNE 25, 2019

About a fifth, by comparison, had used Venmo for gambling. The report noted that “one interesting point is that any and all transactions made on Venmo will be on file, like a payment made with a credit card. Anyone with a bank account and debit card can use Venmo, a likely factor in its P2P reach.

Payments 115

Payments Marketing Millennials Trends 115

South State Correspondent

NOVEMBER 14, 2023

Comparing the Two Banks Let’s say we have two banks competing in the same market. Both banks are the same size and have the same sized technology, compliance, sales, risk, and marketing budgets. Both banks invest in the same technology and have about the same compliance, risk, sales, and marketing tactics.

Strategy 195

Strategy Technology Compliance Marketing 195

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

Bankelele

MARCH 18, 2015

Jijini Markets is a new site I stumbled on that compares Kenya financial products. Jijini Markets screenshot. 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.

Comparison 28

Comparison Cards Marketing 28

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

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. Culhane, Jr. Innovation.

Cards 68

Cards Comparison Trends Policies 68

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

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. of the market, and JPMorgan Chase—the nation’s largest bank (in terms of assets)—counts 7.6% That works out to 8.1% of all American adults: 12.3%

Comparison 104

Comparison Fintech America Survey 104

PYMNTS

JUNE 17, 2016

In comparison, the U.S. The cause of China’s rapid adoption of mobile payments is multi-factored, but the absence of a strong attachment to credit cards before the advent of digital wallets most certainly played a part. percent annually to reach 195.3 million users in 2016. can claim only about 37.5

Millennials 100

Millennials Mobile Payments Marketing 100

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

FICO

JUNE 23, 2020

If the strategy is a challenger, it will be judged in comparison to the champion strategy. However, what can be missing is the impact the strategy will have on the portfolio’s market position. In this post I am discussing credit cards, but this principle is the same for all products. Why Use Benchmarking Data?

Management 52

Management Cards Data Strategy 52

PYMNTS

JANUARY 1, 2020

By way of comparison, fees at Visa and Mastercard are roughly 2 percent to 3 percent, the article indicated. More than 50 percent of Indonesia’s population of nearly 270 million people don’t have bank accounts, which has created a multi-billion-dollar digital payments market. Usually, larger merchants are charged fees ranging from 0.5

Payments 131

Payments Comparison Google Online 131

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

APRIL 30, 2020

Some are more exposed to credit card debt and lending to oil and gas companies. European banks, by comparison, have earmarked $11.5 The European Central Bank has cautioned banks to be flexible when applying accounting standards, as the region is one where companies depend more on bank lending than on capital markets for funds.

Lending 188

Lending Comparison Regional Capital 188

FICO

MARCH 9, 2020

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. It projects the market to grow at an annual rate of around 10%, reaching $428 billion in 2021.”.

Fraud 52

Fraud Cards Analytics ATM 52

PYMNTS

AUGUST 5, 2020

By comparison, Square made $306 million in bitcoin revenue for Q1. When customers buy bitcoin through Cash App, we only apply a small margin to the market cost of bitcoin, which tends to be volatile and outside our control. Cash App launched bitcoin deposits in June 2019.

cryptocurrency 229

cryptocurrency Bitcoin Comparison Regional 229

CB Insights

AUGUST 3, 2017

Note that the market map is illustrative, and not exhaustive of companies in the space. At $235M in funding and a post-money valuation of $500M (as of Q1’16), Brazil-based Nubank has raised the most funding on this list, and focuses on providing digital banking services and a no-fee mobile-only credit card. Categories.

Company 65

Company Fintech Comparison Marketing 65

Perficient

NOVEMBER 19, 2020

When customers can apply for the Apple Card, for example , and receive approval and begin using it in minutes, patience with financial institutions that take longer will wear thin. How integrated are marketing and digital? The world’s largest financial institutions count on us to help exceed expectations and win in the market.

social media 309

social media Customer Experience Knowledge Base Mobile 309

Perficient

MARCH 23, 2021

We’ve broken it down into market segments, in both U.S. broken out by market category: This gives us a quick view into mobile-dominant market categories, such as news, food and drink, people and society, sports, beauty and fitness, shopping, and arts and entertainment. and global views. in every category. data views.

Mobile 421

Mobile Study Community Industry 421

PYMNTS

APRIL 28, 2017

Apexx founders’ claim the service can save merchants as much as 15 percent on the cost associated with processing credit cards or debit card payments and alternative payments. Keenan previously was in charge of Zapp, the VocaLink-backed mobile payments startup that Mastercard purchased earlier this year.

Comparison 166

Comparison Fintech Branding Payments 166

PYMNTS

OCTOBER 2, 2020

It was the wild card category for back-to-school, and it will be the wild card category for the holidays. The MacBook Air, by comparison, sells for $999 on Amazon as well as in the Apple Store. By comparison, Amazon’s Prime subscription counts about 112 million people, according to several published reports.

Comparison 142

Comparison Analysis Apple Seattle 142

PYMNTS

SEPTEMBER 4, 2020

Financial institutions (FIs) had leaned into online considerably before COVID-19, but there remained untapped market potential that took an extra push to access. By comparison, PYMNTS found that 35.7 A similar pattern is visible with new credit card accounts — an area dominated by a handful of large banks — with 11.9

Digital Banking 234

Digital Banking Fraud Mobile Online 234

PYMNTS

SEPTEMBER 18, 2020

By way of comparison, Amazon’s total sales for its highest spend category – electronics and appliances – were $71.6 By the way, Walmart , the standard comparison for Amazon results, couldn’t hang on the clothes rack, either. It’s also worth looking at Amazon’s take from Prime as Walmart+ flies out to the market. billion in 2019.

Comparison 163

Comparison Seattle Retail Branding 163

Abrigo

OCTOBER 22, 2019

In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale. Their goal is to compromise the merchant’s payments processing account and steal all of the payment card data processed by the merchant.

Fraud 150

Fraud Cards Data Payments 150

PYMNTS

APRIL 2, 2020

consumers, who made almost 73 billion non-prepaid debit card transactions in 2018 – and the final 2019 number is bound to be bigger. Card networks attract merchants with promises of faster, more accurate debit routing, and merchants pay handsomely to transact across these networks. Debit has never been more popular with U.S.

Cards 130

Cards Comparison Fraud Retail 130

PYMNTS

OCTOBER 12, 2018

Strength in that market balanced out a 16 percent year-on-year decline in investment banking revenue. The North American card business also saw strong yields, pushed by a host of promotional credit cards shifting out of their long “no APR period” to interest-generating vehicles. percent from 8.28 percent during Q2.

Taxes 122

Taxes Comparison Cards America 122

PYMNTS

JANUARY 24, 2019

Those questions also speak to the seemingly impossible tension in the world of payments and new card accounts: how to onboard and authenticate consumers as quickly and seamlessly as possible, while also protecting them and the institution from fraud. Hint: The criminals know the difference.) However, that’s hardly the whole situation.

Fraud 174

Fraud Cards Data Comparison 174

PYMNTS

AUGUST 12, 2020

There are two wild cards. The NRF is also basing some of its projections on higher ticket prices from shopping online and a lack of comparison shopping for bargains. According to market research firm Canalys , in Q2 tablet shipments grew 26 percent. “It’s going to be a difficult back-to-school season,” Saunders said.

Comparison 145

Comparison Retail Survey Washington 145

PYMNTS

JANUARY 27, 2021

Sixty-four percent of the quarter’s sales came from markets outside of the U.S. So our services business faces a tougher year over year comparison. Though Apple’s newest iPhone 12 was only available for part of the quarter, Apple still saw $65.60 billion in sales for the category compared with $55.96 billion in 2019. billion from $13.58

Apple 236

Apple Regional Comparison Examples 236

PYMNTS

MAY 13, 2019

The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app. A possible limit to Zelle’s service — at least, for the time being — is its status as a payment method that relies on bank rails, not card rails. P2P Marketing.

Payments 198

Payments Apple Cards Course 198