蘑菇AV

Higher net interest income, revolving loan balances, card spending, and card fees fueled growth, the company said. US consumer network volume increased 7% YoY in Q1. International consumer card volume grew 14% YoY. Overall loan and card member receivables increased 7% YoY. And net card fees increased 18% YoY.

For example, Visa and Mastercard are powering new crypto debit and credit cards. Also, Visa is reportedly in talks with Sam Altman鈥檚 World Network crypto project to launch a stablecoin payments wallet. PayPal has expanded its crypto service with new tokens, while crypto payment fintechs like Mesh and MoonPay have won new funding.

The news: The Capital One-Discover merger could lead to frustration when cardholders try to use their cards internationally, per the Daily Mail. While merchant acceptance of Discover credit cards in the US is on par with that of Visa鈥檚 and Mastercard鈥檚, Discover鈥檚 international acceptance is more limited.

Financial services: Includes commercial banks, credit agencies, personal credit institutions, insurance companies, consumer finance companies, loan companies, business credit institutions, and credit card agencies. Also includes companies engaged in the underwriting, purchase, sale, or brokerage of securities and other financial contracts.

For example, credit card settlement is generally completed within one to three business days after transactions are made, while ACH settlement usually occurs on the next business day after transactions are sent. Emerging forms of 鈥渇aster payments鈥� are not settled in real time either.

Transactions and transaction values on Chinese ecommerce platforms, including AliExpress and Temu, increased from October 2023 to March 2024鈥�131% and 138%, respectively鈥攁ccording to BC Card, a South Korean credit card provider, cited by Jing Daily. AliExpress鈥檚 rising fortunes in South Korea are due to the availability of deals and bargains on the site during a period of inflation.

The new entity aims to use data from roughly 60 million customers to deliver personalized shopping experiences, unify loyalty and credit card programs, and drive cross-brand sales. Macy鈥檚 will close 66 stores this year as part of its 鈥淏old New Chapter鈥� turnaround strategy, which is focused on making its assortment more relevant to shoppers, upgrading stores, and rethinking its store mix.

Leaning on non-card revenue can help the network maintain its momentum even if shaky economic conditions lead to slower consumer spending

The large card program is in flux, with both its issuer and network partnerships up for grabs