Search Results for: credit cards

January 11, 2025 @ 5:55 pm By Omar Faridi  |  

TCB Pay, a provider of corporate cards and payment solutions, is pleased to announce the expansion of its services to include Automated Clearing House (ACH) payments. As explained in the announcement, this service cements TCB Pay’s position as an innovator in payment technology, delivering “flexibility,… Read More

December 8, 2024 @ 4:23 pm By Tony Zerucha  |  

While 83% of U.S. small businesses expect more good than bad things to happen for their companies, 51% are categorized as financially unhealthy. Among those who are financially unhealthy, 61% are carrying revolving debt on their business credit cards, and  63% are borrowing with those cards… Read More

September 10, 2024 @ 10:28 am By JD Alois  |  

Payments platform EBANX is predicting its Pix service will top credit cards for online purchases in Brazil by 2025. According to a company statement, by 2025 Pix will account for 44% of all value transacted in online purchases in Brazil, Credit/Debit cards will are expected… Read More

July 13, 2024 @ 6:12 am By Tony Zerucha  |  

Online travel platform Expedia Group has finalized a multiyear agreement with Wells Fargo and Mastercard to launch two new co-branded credit cards. Designed to complement One Key, Expedia Group’s loyalty program, the One Key Card and One Key+ Card will offer more flexibility, savings, and… Read More

June 21, 2024 @ 12:26 pm By Omar Faridi  |  

Consumers are spending twice as much when they use their credit cards for interest-free installments compared to traditional Buy Now, Pay Later (BNPL) plans, according to new first-party research shared by Splitit (ASX:SPT). The report, Merchants’ Evolving Perspective On the Value of Card-Linked Pay Later… Read More

May 23, 2024 @ 10:44 am By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular alternative to credit cards, as their interest rates are typically lower than credit cards. At the same time, many platforms… Read More

May 20, 2024 @ 10:28 am By Omar Faridi  |  

Credit cards have been a cornerstone of consumer payment methods for decades now, and the demand for consumer cards is only increasing. In fact, 43% of Gen Z and millennial consumers are increasing their spending on credit cards, suggesting that the market is both lucrative… Read More

May 9, 2024 @ 8:01 am By Omar Faridi  |  

Varo Bank, a federally chartered digital bank, has shared research about the impact of inflation on cash-sensitive consumers in a new Wealth Watch Insights report. The data shows the strain inflation has caused for this demographic, “with 89% of respondents reporting that they now rely… Read More

February 12, 2024 @ 10:37 am By JD Alois  |  

Apple (NASDAQ:AAPL), one of the largest Fintechs in the world as well as one of the largest tech firms globally, is expected to soon offer virtual credit cards in a future update of the iOS for iPhone users. 9to5Mac, referencing a Reddit thread for beta… Read More

February 6, 2024 @ 3:14 pm By JD Alois  |  

The debt train keeps on running. A New York Fed report published today shares that total household debt has now topped $17.5 trillion as of Q4 2023. If you compare it to the same quarter in 2022, when total debt stood at $16.9 trillion, this… Read More

November 20, 2023 @ 8:32 am By Omar Faridi  |  

Enfuce, a provider of embedded finance solutions, has revealed a new partnership with UK-based small business lending platform Funding Circle (LSE: FCH) to launch its new small business credit card as part of its FlexiPay product. FlexiPay is a revolving line of credit that “helps small… Read More

October 10, 2023 @ 9:47 pm By Omar Faridi  |  

Koan Advisory Group, a New Delhi-based public policy consulting firm released a report titled “Transit Payments in India – A Case for Choice and Interoperability.” The study highlights that India’s public transit systems should “allow integrated fare payments across different modes of transit, to provide… Read More

September 27, 2023 @ 2:01 pm By Omar Faridi  |  

Paymentology, the global issuer-processor, announces its partnership with Tuily, the Colombian fintech that improves expense management for small and medium-sized enterprises (SMBs) which has now enabled Apple Pay for its business customers. Launched in 2023, Tuily stands as a Colombian Fintech company “with a commitment… Read More

September 17, 2023 @ 5:15 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), the city’s central bank, has released its Q2/2023 payment card statistics, revealing that the total number of credit cards in circulation in Hong Kong reached 19.71 million by the end of the second quarter. This indicates a marginal growth… Read More

August 21, 2023 @ 9:56 pm By Omar Faridi  |  

As Americans face record-high credit card debt and fees, nearly three in four (73%) say credit cards make it challenging to manage their finances, according to a new survey conducted by OnePoll and commissioned by Affirm (NASDAQ: AFRM) the payment network that empowers consumers and… Read More

May 2, 2023 @ 11:40 pm By Omar Faridi  |  

Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), and Amazon (NASDAQ:AMZN) recently announced new benefits and features on the Amazon Visa card portfolio, “providing cardmembers with increased opportunity to earn cash back on purchases made with their card… Read More

April 30, 2023 @ 5:15 pm By Omar Faridi  |  

AMC Theatres (NYSE: AMC and APE), which claims to be the largest theatrical exhibitor in the United States and the world, announced it has officially launched the AMC Entertainment Visa Card. AMC Stubs members can now “apply for the AMC Entertainment Visa Card to earn… Read More

February 3, 2023 @ 5:07 pm By JD Alois  |  

The Securities and Exchange Commission has filed fraud charges against a US-based LLC – Windsor Jones and its principal based in the UK, Anthony Collins. According to the SEC, the firm and Collins pursued a fraud involving purported fine wine investments raising at least $4… Read More

January 30, 2023 @ 7:41 pm By Omar Faridi  |  

Juniper Research defines credit cards as a payment instrument which allows consumers as well as cardholders “to borrow money to pay for products and services, and make deferred payments for their purchases in exchange of monthly interest based on the amount owed.” As noted in… Read More

December 7, 2022 @ 10:51 pm By Omar Faridi  |  

What was once an innovation is today “a way of life” for millions of consumers in India. Over the last two and a half years, transactions on the UPI network have “grown by a factor of 6 as digital payments have exploded in India,” according… Read More