Search Results for: credit card

April 25, 2025 @ 9:09 am By Omar Faridi  |  

Bread Financial (NYSE: BFH), a financial services company that provides payment, lending and saving solutions, announced a multi-year agreement with Crypto.com, one of the world’s cryptocurrency exchanges, to launch the Crypto.com credit card program in the US. The Crypto.com Visa signature credit card will reportedly… Read More

April 9, 2025 @ 8:06 am By Omar Faridi  |  

NatWest has announced a minority investment in Yonder, a credit card platform that provides customer experiences through “lifestyle-led rewards.” Yonder provides a financial lifestyle platform “that brings together people, money and experiences.” Predominantly targeting young professionals and expats, their platform offers its members “a range… Read More

March 22, 2025 @ 9:37 pm By Tony Zerucha  |  

Canada’s two most popular credit cards, and four of its top 10, are non-bank-branded, results of a study by Money.ca revealed this week. Money.ca surveyed more than 2,000 Canadians. The PC Mastercard is tops with 17.55%. PC stands for President’s Choice, a brand associated with… Read More

March 19, 2025 @ 11:31 am By Omar Faridi  |  

AffiniPay, a firm focused on legal practice management software, integrated payments, and embedded fintech solutions for professionals, announced the early access launch of MyCase Smart Spend, powered by the LawPay Visa Business Card, the credit card to integrate with legal practice management software for streamlined… Read More

February 13, 2025 @ 4:14 pm By JD Alois  |  

Price Controls Rarely Work. The Free Market is a Better Option. There have been multiple proclamations from various policymakers regarding the need to cap credit card rates. Unfortunately, forcing credit card issuers to cap interest rates charged to users will accomplish little good while harming… Read More

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

January 2, 2025 @ 11:25 am By Omar Faridi  |  

US credit card defaults have reportedly surged to $46 billion in the first 9 months of 2024, which is said to be the highest since 2010. Credit card defaults are now up more than 50% year-over-year. And defaults of seriously delinquent credit card loan balances… Read More

December 21, 2024 @ 5:36 pm By Tony Zerucha  |  

The following was provided by J.D. Power: As we approach the end of the year, the major storylines that have developed in the credit card industry are creating ripple effects through the entire financial landscape. Even as inflation has dropped to its lowest level since February… Read More

December 20, 2024 @ 1:50 pm By Omar Faridi  |  

Enfuce, the provider of payment solutions in the Nordics, has partnered with Alisa Bank, Finland’s digital bank, in order to introduce a business credit card tailored for SMEs in Finland. This collab is set to disrupt the SME banking landscape by offering a solution that… Read More

December 19, 2024 @ 8:02 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) announced actions in order to protect consumers from “illegal” credit card practices and help people save money on interest and fees. In a circular to other law enforcement agencies, the CFPB warned that some credit card companies operating rewards… Read More

December 12, 2024 @ 7:51 am By Omar Faridi  |  

The most common last-minute spenders during the festive period based on 2023 spending data were 36-45 males, according to an update from the Bank of Ireland. This may not come as a surprise due to the general increase in consumer spending seen during the end… 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

December 2, 2024 @ 5:08 am By Omar Faridi  |  

The majority of US consumers are drawn to credit cards for their convenience, credit building, or rewards with every “intention” to pay their balance in full every month, according to an update from LendingClub. But “life happens” and nearly half of cardholders end up carrying… Read More

November 6, 2024 @ 12:52 pm By Omar Faridi  |  

Nu México, which claims to be a transparent, clear and human digital finance company, has recently announced the implementation of various features in Cuenta Nu and its credit card product. As noted in a blog post by Nubank (NYSE: NU), these latest features are reportedly… Read More

October 24, 2024 @ 8:50 am By Omar Faridi  |  

BNPL or Buy Now Pay Later is said to have saved UK consumers half a billion pounds in credit card interest over a decade, according to an update from Klarna which claims it is now marking 10 years of savings. Klarna, the AI-powered global payments… Read More

October 6, 2024 @ 2:04 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one the largest digital banking platforms outside of Asia, announces the expansion of Nu Limite Garantido, which is described as a feature that enables clients to increase their credit card limit. Gradually, the eligible customer base is reportedly being… 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

August 16, 2024 @ 1:14 pm By Omar Faridi  |  

The points, miles and perks that have come to define the modern credit card marketing playbook are being replaced by cashback rewards and lower fee cards as cardholder financial health1 grows increasingly strained. According to the J.D. Power 2024 U.S. Credit Card Satisfaction Study, “only… Read More

August 14, 2024 @ 8:15 am By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, has released new data revealing a surprising lack of consumer awareness “regarding the true cost of their credit card debt in today’s high interest rate environment.” LendingClub conducted a national… Read More

August 13, 2024 @ 6:02 am By Omar Faridi  |  

Amazon (NASDAQ:AMZN) and Santander (NYSE: SAN) have announced a partnership to launch its new Amazon Visa credit card in Germany. The card has no annual fee and does “not require customers to open a new bank account.” Amazon Visa enables customers to earn rewards “while… Read More