Accenture

JUNE 10, 2021

The post Q1 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog.

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Accenture

JUNE 12, 2020

The post Q1 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog. However, charge-off reserves spiked due to expected future losses, which caused negative returns for most issuers. YoY growth in receivables for Q1 2020 was modest at 1.9%, and below the 4% YoY….

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US Cards Payments 195

Accenture

APRIL 7, 2020

The post Q4 2019: US credit card issuer snapshot appeared first on Accenture Banking Blog. Purchase volume YoY growth of 7% in Q4 is lower in comparison to Q3 YoY growth by ~100 bps, and lower than Q4 2018 YoY growth by ~130 bps. Chase and Capital One continued to lead YoY purchase….

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US Cards Comparison Capital 195

Accenture

FEBRUARY 10, 2020

US commercial card spend grew an estimated 13 percent in 2019 and strong growth is expected to continue through 2024. Long-standing and emerging commercial card providers are developing innovative strategies to move more spend to card-based products, and broader B2B payment trends are anticipated to both blur the lines and buoy growth.

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Cards US Innovation Strategies Trends 200

The Paypers

APRIL 17, 2024

AI-enabled global payments network Klarna has announced its plans to introduce its credit card in the US, thus working towards expanding its market presence.

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US Cards Marketing Payments 41

Bank Innovation

FEBRUARY 11, 2020

Its product offering is a physical and digital card that consolidates multiple bank accounts and cards into […]. -based payments consolidation startup Curve has officially opened its first North American office in Brooklyn, N.Y., aiming to extend its products to a select group of U.S. customers by the end of this year. ?

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Accenture

AUGUST 20, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. American Express and US Bank led all issuers in receivables growth with YoY increases of over 8.5 Key themes.

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US Cards Capital Apple 150

PYMNTS

AUGUST 20, 2019

The Apple Card, a credit card created in partnership by the technology company, was officially released in the U.S. The company said the credit card is meant to help customers have a “healthier financial life,” and that interested customers can sign up for the card through the Wallet app on an iPhone. . on Tuesday (Aug.

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Apple Cards US Security 197

Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Credit card profitability remains attractive for banks with our ROA proxies increasing 43 bps YoY?. New partnerships.

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PYMNTS

DECEMBER 14, 2020

Chase Bank and Mastercard have partnered with Air Canada to introduce the airline’s Aeroplan credit card in the U.S. Chase’s many strengths, including digital innovation, customer service excellence, and a world-class brand, will help us deliver a best-in-class product for U.S.-based issuers at Mastercard. . and is the U.S.

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PYMNTS

NOVEMBER 15, 2020

consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank card loans, The Financial Times (FT) reports. According to the report, the total amount of card loans in U.S. Revolving debt was down $9.4

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Cards US Survey Report 301

PYMNTS

NOVEMBER 18, 2020

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of New York. Non-housing balances — credit cards, auto loans, student debt — are up $15 billion. percent, but down 0.2

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The Paypers

OCTOBER 12, 2023

Apple Wallet ’s new integration has enabled it to show the card’s details and transaction history for Discover US credit card customers.

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Apple US Cards 74

PYMNTS

MAY 1, 2019

Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. Credit bureau Experian said some of the blame comes from banks giving cards to risky borrowers, and that there is a spike in late payments from elderly consumers. For us, the U.S.

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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.

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Cards Payments Technology Compliance 270

PYMNTS

NOVEMBER 18, 2020

consumers paid off $10 billion in credit card debt in the third quarter of 2020, and Amazon Pharmacy launched for consumers to order prescription medications. US Consumers Pay Down $10B in Credit Card Debt In Q3. In today’s top news, U.S. Plus, Walmart+ gets a closer look after the retail giant’s third-quarter earnings call.

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Cards US Payments Strategy 227

BankBazaar

APRIL 13, 2023

B ig wad of cash or a sl eek Credit Card ? Let’s help you figure out the pros and cons of both when travelling abroad , along with a few pro tips on using Credit Card s overseas. You do not have to state the purpose of your visit to us, but we know for sure that you are going to spend when in a foreign country.

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Cards ATM US Payments 148

Bank Innovation

FEBRUARY 20, 2020

Rapyd, a startup that converts international payments, announced a partnership with Visa this week to grow its card issuing business. “A A major opportunity for us, and we’re seeing this around the world from a sheer use-case perspective, is card issuing,” said Marc Winitz, chief marketing officer at Rapyd.

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Cards US Marketing Payments 284

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Across the US, we saw clear geographic focal points for skimming activities.

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Cards US Data Fraud 98

Payments Dive

DECEMBER 17, 2019

Despite the plethora of payment choices we have today, many of us are still using our debit cards. Carol Specogna, Fiserv's VP of card services, gives an overview of the market and talks about new technologies that FIs can leverage to boost their debit card revenue.

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Technology Cards US Marketing 243

PYMNTS

JANUARY 27, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement. It took us several months before we hit our groove working remotely.

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Innovation Cards eBook Video 255

Payments Dive

APRIL 6, 2022

While overall Russian card payments volume is expected to decline as U.S. card companies exit the country, Russia's Mir payments system and related cards may benefit, according to new research. payments companies are expected to forgo about $2.4 billion in annual revenue.

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US Payments Cards System 243

PYMNTS

JANUARY 20, 2021

Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card. He cited the National Retail Federation , which found gift cards have been a top gift for over a decade. “If

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Taxes Cards social media Management 233

PYMNTS

JULY 9, 2020

Accrualify , which works in cloud-based solutions for mid- and enterprise-level companies, is launching a new corporate card in partnership with Visa , according to a press release. The intent of the card is to boost options for spend control for corporate finance teams.

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Cards Resources Trends Leadership 229

BankBazaar

OCTOBER 13, 2023

Do you know everything about Credit Card rewards? Do you know everything about your Credit Card? There are quite a few myths around Credit Cards that stop people from getting the best out of their cards. Let’s debunk some of the most common myths related to Credit Cards and their reward points now. Let’s find out.

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Cards US Payments Report 78

Accenture

OCTOBER 4, 2021

The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog. Customers can interact via chat and screen sharing to see physical products.” – Best Buy “Piloting a new holistic market approach … to leverage all our assets across….

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Retail US Payments Marketing 221

PYMNTS

AUGUST 12, 2020

Nium , the global FinTech platform, announced in a press release emailed to PYMNTS that users will be able to make payments through Google Pay with its company Visa cards. The Google Pay partnership lets those cards work through many more payment terminals and options.

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Google Cards Payments US 265

PYMNTS

DECEMBER 14, 2020

Molnar said Afterpay is not only benefiting from its easy-to-use platform, but also from the fact that consumer preference has shifted toward using debit over credit. Ninety percent of our transactions are paid with a debit card, not a credit card,” Molnar said. million U.S. Lower Loss Rates.

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US Retail Cards Millennials 322

BankBazaar

DECEMBER 18, 2023

The joy of spending and saving simultaneously is assured with a Cashback Credit Card. Learn more about the most popular Credit Card category in India right here! Did you know that there is an indisputable MVP when it comes to the top-selling Credit Card type in India? But is that all? Not permissible. Balance transfers?

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Cards Guidelines Strategy Online 78

PYMNTS

APRIL 12, 2018

Bank is mobilizing Mastercard commercial card products, the financial institution (FI) announced on Wednesday (April 11). Bank Corporate Travel Card said it will now support mobile payments for corporate customers using business travel cards that run on the Mastercard network. In a press release , U.S.

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Mobile Cards US Apple 116

PYMNTS

DECEMBER 11, 2020

I don’t foresee us reverting to the way it used to be even after the pandemic is over and we are able to walk around without masks on.”. Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option.

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Cards United States Strategy Retail 291

The Paypers

MARCH 27, 2024

US-based Visa and Mastercard have announced their legal settlement with US merchants, aiming to minimise and cap their credit card interchange rates.

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US Cards 41

PYMNTS

OCTOBER 6, 2020

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. Splittable Card Payments . Instead, Venmo’s entire DNA is digital. Designing In Choice.

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Cards Mobile User Experience Payments 313

PYMNTS

OCTOBER 7, 2020

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs. American Express rolled out co-branded cards with Amazon for British SMBs.

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Cards Innovation United States Branding 248

PYMNTS

AUGUST 15, 2019

An increasing number of Americans are struggling to keep up with their student loan and credit card debt, Reuters reported on Tuesday (Aug. Credit card debt has reached $868 billion and balances seriously past due are on the rise, according to Federal Reserve Bank of New York data released on Tuesday, the report said. “We

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Cards US New York Report 141

PYMNTS

NOVEMBER 16, 2020

This method involves bad actors impersonating customers and convincing mobile service providers to transfer the victims’ phone numbers to their own SIM cards, allowing these fraudsters to seize control of any accounts linked to that phone number. Why Fraudsters Swap SIM Cards. It's that easy.”. How Digital Identity Curbs The Threat.

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Fraud US Mobile Las Vegas 178

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov. Three Components .

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Cards Payments Mobile Management 287