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 450

Cards Report Online 450

Payments Dive

JANUARY 5, 2023

Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.

Fraud 294

Fraud Report Cards Trends 294

Payments Dive

SEPTEMBER 11, 2023

The credit cards, which can promise patients deceptive no- or low-interest rates, are increasingly being offered in hospitals and physician offices, a PIRG report said.

Cards 222

Cards Report 222

Payments Dive

JUNE 23, 2023

Fees and interest incurred on financial services, including credit cards, rose 14% last year, the Financial Health Network reported.

Report 436

Report Cards 436

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

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

MAY 23, 2023

Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

Report 370

Report Cards Payments 370

CFPB Monitor

NOVEMBER 20, 2023

The Consumer Bankers Association has launched a four-part blog series “Facts Matter” to counter what it calls “misinformation conveyed by the CFPB” in its press release about the CFPB’s October 2023 report (Report) under the Credit Card Accountability Responsibility and Disclosure Act (CARD Act). Continue Reading

Cards 88

Cards Report Marketing 88

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 398

Cards Marketing Industry Report 398

CFPB Monitor

OCTOBER 27, 2023

On October 25, 2023, the Consumer Financial Protection Bureau (CFPB) released its sixth consumer credit card market biennial report to Congress as required under the Credit Card Accountability Responsibility and Disclosure Act (CARD Act).

Cards 88

Cards Report Industry Marketing 88

CFPB Monitor

DECEMBER 26, 2023

Last week, the CFPB released its twelfth annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. Continue Reading

Cards 78

Cards Report 78

PYMNTS

JULY 21, 2020

Apple Card users say reporting of their credit card use is now appearing on Experian, the consumer credit reporting company, AppleInsider reported. Reporting of the Apple-branded credit card user’s information had been limited to TransUnion, the Chicago-based consumer credit reporting agency.

Apple 140

Apple Cards Report Chicago 140

Payments Dive

NOVEMBER 17, 2023

Credit card spending for small businesses has largely been flat relative to last year, but balances have risen, the Bank of America report said.

America 261

America Cards Report 261

Payments Dive

NOVEMBER 29, 2023

The proposed winddown would entail the entire consumer partnership, including the savings account that was rolled out this year, sources told The Wall Street Journal.

Apple 244

Apple Report Cards 244

PYMNTS

SEPTEMBER 5, 2019

Commercial and consumer cards issued in the U.S. trillion in spending for goods and services in 2018, The Nilson Report said in a press release Thursday (Sept. Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 Commercial card spending was $1.39 generated $6.13

Cards 188

Cards Report Marketing Payments 188

CFPB Monitor

NOVEMBER 30, 2023

In the second blog post, CBA “explains how the [CFPB’s] public statements can mislead market observers by painting an inaccurate picture of the credit card marketplace.”

Cards 78

Cards Report Marketing 78

PYMNTS

OCTOBER 23, 2020

Apple Card users are complaining that a glitch is preventing them from using the payment method on Amazon — and the option vanished as a choice without warning or reason, according to media reports on Friday (Oct. My Apple Card has been removed from my Amazon Wallet. Just checked as well.

Apple 162

Apple Cards Report Payments 162

Chris Skinner

MARCH 2, 2020

I just received a report from Deloitte about credit and debit cards. It says the future is not so bright: “more payment choices, along with changing consumer preferences, are threatening the long-term viability of the credit card business model.” I said that fifteen years ago.

Cards 532

Cards Report Payments Mobile 532

PYMNTS

DECEMBER 17, 2020

Citi has rolled out its new Citi Fleet Card in Europe and the United Kingdom, with a new solution that brings together a contactless-enabled card with a mobile program. In that case, every fuel card could be used at only one brand. Kao EMEA's U.K. 17) announcement.

Cards 181

Cards Report Mobile Resources 181

Payments Dive

OCTOBER 10, 2022

As card issuers report an uptick in delinquencies and balances, the credit reporting bureau offers new research to help lenders spot trouble.

Cards 222

Cards Report 222

Payments Dive

NOVEMBER 8, 2023

in Q3 2019, according to a report from the Federal Reserve Bank of New York. Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5%

New York 420

New York Millennials Cards Report 420

Payments Dive

JUNE 7, 2022

"When it comes to delivering that level of personalization through high-touch digital channels, most banks and credit card providers are missing the mark," J.D. Power said in a new consumer survey report.

Cards 261

Cards Survey Report 261

CFPB Monitor

FEBRUARY 20, 2024

In a new data spotlight issued last week , the Consumer Financial Protection Bureau (“CFPB”) found that interest rates charged on credit cards issued by large banks are higher than interest rates charged on credit cards issued by smaller banks and credit unions.

Cards 78

Cards Report Data 78

Payments Dive

APRIL 13, 2022

Higher spending due to inflation is poised to drive up credit card volumes, according to an S&P Global Market Intelligence report. Card issuers have been eager to see stronger loan growth, but if delinquencies rise, that could be concerning for the industry.

Cards 222

Cards Industry Marketing Report 222

PYMNTS

JANUARY 18, 2021

Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report.

Cards 270

Cards Payments Technology Compliance 270

Payments Dive

JULY 25, 2017

A new survey has revealed consumers have major concerns about the security of their payment card data. Download our new report which summarizes the key findings, including instore payments vs online, where responsibility lies and rates of fraudulent card use

Security 170

Security Cards Report Data 170

PYMNTS

NOVEMBER 12, 2020

Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.

Report 300

Report Innovation Fintech Payments 300

Payments Dive

JULY 5, 2023

The move, if true, would mark a 180-degree turn after Goldman and the tech giant extended their partnership until 2029 in October.

Apple 244

Apple Report Cards 244

PYMNTS

JUNE 29, 2020

After spending years fine-tuning travel reward cards, banks have found that the coronavirus pandemic decimated all the effort by reducing the need or will to travel, The Wall Street Journal reports. The cards were set up as ways for banks to deepen relationships with customers and offer individual perks.

Cards 309

Cards California Report Examples 309

Payments Dive

JANUARY 24, 2020

A new report from Deutsche Bank says that mobile payment adoption will surge in the next five years, but cash will remain a critical part of many economies. In the developing world, underbanked consumers are moving straight from cash-based economies to mobile adoption, and skipping over the adoption of plastic credit and debit cards.

Mobile 425

Mobile Report Payments Cards 425

PYMNTS

DECEMBER 16, 2020

As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce. Barclaycard Debuts V-Card For Expense Management.

Cards 286

Cards Innovation Management Payments 286

Accenture

JUNE 10, 2021

Key themes Purchase volume has continued to show signs of recovery and most issuers are now reporting YoY growth for the first time in a number of; reported spend volumes at or above Q1 2020 levels; all issuers reported modest QoQ declines in spend as is typical following the holiday period Receivables growth continues to….

US 243

US Cards Report Payments 243

Accenture

NOVEMBER 16, 2021

Purchase Volume growth continues to be quite strong, with all issuers reporting 15%+ YoY growth; AmEx and Chase, in particular, reported over 30% YoY growth. The post Q3 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog.

US 221

US Cards Report Payments 221

PYMNTS

OCTOBER 23, 2020

Capital One reported on Thursday (Oct. 22) that domestic card average loans fell in Q3, as consumers spent less and saved more amid the pandemic. “In Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 billion, the bank reported in its supplemental earnings materials.

Capital 175

Capital Report Cards US 175

PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.

Cards 285

Cards Conference Groups Report 285

Payments Source

SEPTEMBER 22, 2020

The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports.

Report 151

Report Cards Management Fintech 151

Accenture

MARCH 11, 2021

Key themes Purchase volume continued to show signs of recovery as all issuers reported QoQ growth in spend and some had YoY growth; Alliance Data posted the strongest QoQ growth of ~25%, likely as a result of easing retail lockdown restrictions. The post Q4 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog.

US 260

US Cards Retail Data 260