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Over a quarter (27%) of Gen Zers used credit cards or loans to fund their Black Friday purchases. Nearly as many (26%) are now cutting back on essentials after overspending, while 11% are considering taking out a loan or borrowing money. What it means: Gen Z consumers are cash-strapped but aren鈥檛 slowing down on holiday purchases, even if it鈥檚 not financially wise.

Other airlines like Alaska Airlines have also pushed into the premium space as the cards can bring in higher volume and revenues

Conversely, banks and credit card companies may position themselves as data-secure, drawing consumers who don鈥檛 want these intrusions. 3. Financial institutions need to build the infrastructure for ads that other media networks already have. One reason RMN ad spend has grown so fast is because retailer websites are already set up for advertising. Travel media networks have the same advantage.

Payment methods like credit cards have unparalleled ease and ubiquity. And even more importantly, credit cards offer rewards. There has, however, been marginal headway in high-value purchases like vehicle sales, where using a credit card might not be an option. Both Tesla and Rivian work with Plaid to accept EFTs. What鈥檚 next?

Macy鈥檚 advertising business also grew during the quarter: Sales rose 13.9% YoY to $41 million, although that was not enough to offset the $22 million (15.5%) YoY decline in credit card revenues. Our take: Accounting issues aside, Macy鈥檚 turnaround plan appears to be working.

Card spend from these factors helped lift revenues 9% YoY

Digital payment methods are primed to capture an increasing share of US in-store payments, but cards remain essential. And consumers will increasingly adopt emerging checkout options thanks to technological advances.鈥嬧�� This deck helps payment providers understand in-store payments and checkout trends by:鈥�. Sizing in-store retail payments.鈥�

The reason I'm bringing that up, because even you I'll ask, do you get any rewards on your debit card purchases? Rob Rubin:. No, but I do not use my debit. David Morris:. Right. You use your credit card because you're more affluent, but there are no rewards with debit. There haven't been. They tried that back before Dodd-Frank and limiting interchange and so forth, and they don't anymore.

Citigroup and Apollo Global joined forces to offer a $25 billion private credit and direct lending program. This was a response to nonbanks鈥� domination of the private credit market, as they face fewer regulations in a potentially riskier environment, per Deloitte.

Shopify Payments automatically updates stored credit card information, which reduces payment failures and declines. It is also integrated with the merchant's Shopify store. This lets merchants create and manage subscription plans鈥攊ncluding recurring payments鈥攚ithin their Shopify admin interface. Shop Pay鈥檚 revenue and user growth validate its purchase conversion messaging.

If it's a credit card, great. They just want to spend. Sara Lebow (11:16):. We've talked about this the last three years ever since the word Klarna entered our vocabulary. Zak Stambor (11:22):. Right. Sara Lebow (11:22):. Due to BNPL, will there be a January hangover where you're still spending those hundred bucks every week on things you bought a month ago?

With virtual cards, Google has a leg up on the competition. Apple recently enabled virtual cards for Apple Cash, but it still doesn鈥檛 offer this security feature for other cards stored in its wallet. The bigger picture: Google has made an effort to beef up its payments offering. This year, it added a credit card rewards highlight on Chrome desktop to help customers maximize their rewards at checkout.

The agency said some apps 鈥渄esign their systems to shift disputes to banks, credit unions, and credit card companies, rather than managing them on their own.鈥�. Outages. The agency will monitor disruptions to payment apps, including closures and freezes. It argues that outages can cause serious harm to consumers who need to access their payments. How will payment apps respond?

The CFPB under a Trump administration could unwind recent rules made under Chopra鈥攍ike the credit card late fee cap. It drew ire from banks, which the Republican party typically prefers to regulate less aggressively, and a Trump-appointed judge blocked the rule from going into effect. However, Trump鈥檚 proposed credit card interest rate cap could suggest a break from traditional Republican orthodoxy.

Their higher spending power could drive credit card and interest revenues for banks. Banks have struggled to capture and serve the mass affluent market. Many mass affluent consumers don鈥檛 self-identify as wealthy, making prospect identification, marketing, and outreach efforts difficult. They also tend to buy products from multiple providers, stymieing banks鈥� cross-selling opportunities.