November 22, 2022
Via: Payments DiveThe last time the 12-month consumer application rate for credit cards was higher than in June of this year was in June 2019 when it reached 28.4%, according to the Fed’s data. In a slightly different measure of the credit […]
October 3, 2022
Via: PR NewswireTD Bank, America’s Most Convenient Bank, today announced the appointment of Christopher Fred as Head of U.S. Credit Cards and Unsecured Lending (CCUL). Fred will lead strategic direction of TD’s U.S. Bankcard, Retail Card Services and Card Partnerships business. He […]
April 23, 2021
Via: Payments DiveIn a time when sports fandom has gone digital, sports organizations are looking at different avenues to hold on to and expand their support base and revenue stream. “Manchester United has a tremendous fanbase in the U.S., oftentimes larger than […]
July 28, 2020
Via: CNBCJPMorgan Chase is ditching plastic for some of its credit cards. The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards to work […]
February 11, 2020
Via: Market WatchAmericans are more confident about their ability to take out credit than they were a year ago, according to the latest Survey of Consumer Expectations from the New York Federal Reserve. A year ago, more consumers believed they would have […]
January 15, 2020
Via: Market WatchAmericans’ credit scores continue to improve. But credit scores don’t tell the whole story of how consumers are faring financially. A new report from Experian EXPN, +1.46% found that the average FICO Score in the U.S. reached an all-time high […]
September 5, 2019
Via: Market WatchFor the past two months, Becky Beach, an avid shopper with a low credit score, has found herself trapped in the “shop more, earn more points” game that retailers play. Beach, a 37-year-old stay-at-home mom, has been overdue on two […]
July 22, 2019
Via: YahooU.S. Bank, the fifth-largest bank in the United States, has entered into a co-brand agreement with BMW Financial Services NA, LLC to issue credit cards that will deliver enhanced digital experiences and greater value to BMW, MINI and BMW Motorrad […]
Capital and Risk, Credit, Retail Banking
June 24, 2019
Via: TheStreetOn the lips of Wall Street analysts, a new expression is taking hold as speculation mounts that the U.S. economy might be slowing down: the “late-cycle” trade. It’s a jargony way of describing a simple concept: Investors can make fast […]
March 26, 2019
Via: Market WatchCitigroup Inc. is starting a consumer-payments business, joining its biggest rivals and a host of financial-technology startups jockeying for position in the hottest corner of banking. The bank, already a dominant player in business-to-business payments, is launching a new unit […]
November 8, 2018
Via: Market WatchAmerican Express AXP, +2.22% on Thursday announced a new card for small businesses that aims to provide them more flexibility over their spending. The Business Gold Card, which has an annual fee of $295, blends elements of both charge cards […]
Capital and Risk, Channels, Credit
September 28, 2018
Via: FinextraThe lock/unlock feature will allow customers to quickly lock or unlock their credit card right from their phones through the Chase Mobile app or by computer via chase.com to instantly block new purchases, cash advances and balance transfers. Once the […]
June 26, 2018
Via: CNBCGround zero for the robot takeover of financial services is an HSBC branch in midtown Manhattan. Here, crowds of camera phone-toting tourists cooed and clapped at Pepper, an adorable 4-foot-tall robot with a high-pitched voice and a tablet screen strapped […]
June 8, 2018
Via: Market WatchYou know that “starter” credit card collecting dust in your wallet? The one with a high interest rate, lackluster benefits, and zero rewards? Now that you’ve upgraded to a better card, you might be tempted to close your old cards […]
March 1, 2018
Via: Market WatchYou don’t have to be a credit expert to know that tactics like keeping your debt low and paying bills on time are proven ways to improve your FICO score. But they aren’t the only ways to see a spike. […]
Capital and Risk, Channels, Operational
February 6, 2018
Via: Bank InnovationPayment processors Visa and Mastercard have re-classified bitcoin purchases and will now view them as “cash advances,” a category that will bring an additional 5% fee to those virtual currency purchases on credit cards, as reported today by TechCrunch. This […]
January 25, 2018
Via: Market WatchVirtual credit cards have been around in one form or another for years now, but their use has yet to truly take off among consumers. A crop of new startups however, such as Pay With Privacy and Token Payments, are […]
Capital and Risk, Credit, Retail Banking
January 10, 2018
Via: Market WatchThere’s a pretty good chance the last time you paid for something, you did it with a debit card. Debit cards were the No. 1 payment method Americans used in 2016, the most recent year for which data was available, […]
December 1, 2017
Via: GOBankingRatesWhen used responsibly, credit cards are a useful addition to your wallet. They’re not only safer than cash, they can also build your credit rating. And some cards include a rewards program, helping you save money on future purchases. But […]
November 13, 2017
Via: Market WatchOne of the bright spots in Citigroup Inc.’s turnaround strategy is starting to lose a little luster. For years, the New York-based bank C, -0.25% has steadily grown its card business, boosting loans and investing heavily despite problems elsewhere that […]