Tagged: credit cards

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

July 20, 2024 @ 8:12 am By Omar Faridi  |  

Aven, a technology company offering consumer credit cards backed by home equity,  announced a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership. Aven… Read More

July 17, 2024 @ 9:03 pm By Omar Faridi  |  

OneCard, a Fintech company in India, is forging a new path in the Indian credit card market and tapping into the fast-growing segment of tech-savvy individuals who value both design and financial control. As noted in a blog post by Razorpay, OneCard reportedly “manage over… Read More

June 23, 2024 @ 8:53 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has released its payment card statistics for the first quarter of 2024, revealing a steady rise in credit card usage and a mixed performance in debit card transactions. As of the end of Q1 2024, the total number of… 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

June 15, 2024 @ 8:58 pm By Tony Zerucha  |  

Even though credit card fraud is increasing in the United States, a report from security.org said it is still poorly understood. As more people use cards and spend digitally, it opens the door for fraudulent activity; in 2023, an estimated 52 million Americans suffered credit… Read More

June 2, 2024 @ 2:53 pm By Omar Faridi  |  

The nation’s banking and credit card providers have done a great job establishing best practices for a seamless, efficient digital user experience on their mobile apps and websites, according to an extensive research study. However, with limited differentiation between brands, it’s become “challenging to distinguish… Read More

May 31, 2024 @ 10:20 am By Omar Faridi  |  

CIBC announced it is the first major financial institution to launch a bundled digital credit card and deposit account application for those new to Canada, making it faster and more convenient for these clients to make key banking decisions sooner. Michael Clabby, Executive Vice-President, Head… Read More

May 26, 2024 @ 5:07 pm By Omar Faridi  |  

Neo Financial announced that the Neo Secured Credit card, along with all Neo credit card products, will now report to Equifax Canada, in addition to its existing reporting to TransUnion, giving Canadians a full credit profile for broader lender acceptance. The Neo Secured Credit card… 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

March 11, 2024 @ 6:51 pm By JD Alois  |  

This past week, the Consumer Financial Protection Bureau (CFPB) finalized its rules on credit late fees by reducing the legal lime to $8 from a typical fee of $32. The CFPB said that an average saving per year for consumers would be around $220, as… Read More

March 5, 2024 @ 3:06 pm By Omar Faridi  |  

TrueNorth, a professional services organization specializing in implementation, systems integration and engineering of digital solutions for the financial services industry, and Brim Financial, a provider of credit card platform as-a-service and one of the fastest growing Fintechs in North America, are excited to announce their… Read More

March 1, 2024 @ 7:00 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has partnered with Loop, a digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop “expand its portfolio, enhance its… Read More

February 18, 2024 @ 7:20 pm By Michael Wong  |  

In the latest credit card lending survey released by the Hong Kong Monetary Authority (HKMA), figures for the fourth quarter of 2023 showed a significant uptick in credit card usage among Hong Kong residents. Total card receivables soared by 8.5% to HK$160.1 billion at the… Read More

January 29, 2024 @ 8:04 am By Omar Faridi  |  

Bank of Ireland credit and debit card data for the first two weeks of January reveals that ‘New Year, New You’ spending in gyms and sports clubs shot upwards “compared to last January.” As noted in the update shared by the Bank of Ireland, many… Read More

December 28, 2023 @ 8:56 am By Omar Faridi  |  

Bank of Ireland credit and debit card data for the first two weeks of December revealed that spending levels rose nationwide compared to the same period in 2022. Cavan shoppers engaged in “the biggest pre-Christmas splurge, with spending in the county rising by 11% during… Read More

December 19, 2023 @ 7:12 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, released key findings from the 29th edition of the Reality Check: Paycheck-To-Paycheck research series. The Credit Card Use Deep Dive Edition examines “the financial lifestyles of U.S. consumers and explores how… Read More

November 13, 2023 @ 10:08 pm By Omar Faridi  |  

Jaja Finance has opened up to applications from new customers to bring more competition and choice to the near-prime lending market, “giving UK borrowers the chance to reclaim their purchasing power with the new Jaja Vanta Purchase Credit Card.” Jaja is offering a four-months zero… Read More

November 4, 2023 @ 10:47 am By Omar Faridi  |  

Retail workers are able to avoid “financially crippling” fees associated with payday loans and late penalties, while amassing less credit card debt when they have access to the financial wellness benefit of DailyPay, according to an update shared by the Fintech firm. The research follows… Read More

October 30, 2023 @ 9:06 pm By Omar Faridi  |  

Deserve, a mobile-first credit card issuing platform, announced today the launch of new digital processing capabilities on the Deserve platform that can provide direct connectivity for mobile apps or software development kits to the Mastercard network. Financial Institutions of all sizes, “including credit unions and… Read More