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Digging deeper: Fifty-eight percent of cardholders use cash-back cards, while 31% use points/miles cards. Just 11% are using value cards (e.g., credit-building cards that don鈥檛 offer rewards). Cardholders often moved to cash-back and value cards to pay fewer or no annual fees. They also said they redeemed rewards more often for a statement credit (21% versus 9% for points/miles).

The partnership will help Affirm compete with rival Klarna, which already has a large European presence

Parents can add cards and get email notifications when the child makes a transaction. Parents will also be able to track recent purchases, remove payment cards, and turn off access to passes. Children will get access to Google Wallet鈥檚 supported passes like event tickets and library cards. But they will not be able to use the wallet for online purchases.

Afterpay became available on the Cash App Card in February. Block said the integration led to higher gross profits per active cardholder. This latest integration can give both Cash App and Afterpay a needed volume boost. Cash App鈥檚 volume growth slowed, and its user base flatlined in Q4.

Do I have control over my credit card information? I know there were some issues at point of sale for Instagram and even lots of conversations around do you send the person to the Macy's website or do you keep them on the Instagram website, has all that stuff... I don't feel like it's been solved for. So I think they'll need to solve for that in order for it to really take off. (07:21):.

The retailer is pushing non-card payments to save on swipe fees, a perennial frustration for merchants, but getting consumers to make the switch will be tricky

Debit cards will remain the top payment method for holiday shopping: Debit volume typically picks up when consumers鈥� budgets get strained. 58% of shoppers plan to use a debit card this holiday season, up from 52% last year. 19% plan to use a credit card that they will pay back over multiple billing cycles, while 34% plan to pay their credit cards in full to avoid interest. 11% will use a BNPL plan to finance

Fraud concerns are also of the utmost importance for the end consumer: Security and control tools are the most demanded US cash back credit card features, per our survey.

And when asked which form of payment method they鈥檇 eliminate forever, if they could, they ranked both paper checks (36%) and credit cards (16%) above cash (12%). Conducted on behalf of the neobank Chime, the survey sample was composed of 2,000 Americans evenly split by gender and generation.

It also better protects consumers from card data breaches and other security concerns. It makes it easier to store cards on merchant websites, eliminating the need to update their card information when it expires or otherwise gets replaced. Our take: Tokenization is growing across the industry. Visa issued its 10 billionth token last summer.

And other payment players pushing into combo credit/debit/BNPL cards can propel this growth.

Gen Zers are flocking to emerging payment methods, but card-based options, led by debit cards, remain supreme. Payment providers must align offerings with Gen Z鈥檚 preferences now as their spending power grows.

This could not only impact its market share in the debit card industry and cut into its margins鈥攊t may also hurt Visa鈥檚 brand in the court of public opinion

The news: The Consumer Financial Protection Bureau (CFPB) offered some clarity for its interpretive rule that would treat BNPL loans like credit cards, per a CFPB blog post. The FAQs are a direct response to questions the CFPB received from meetings with BNPL providers and comments submitted to the agency. Here鈥檚 what the FAQs clarified:. Defining BNPL products.

Strong payments ad spend faces pressure from tightening credit. Credit card spending reached new heights this year, which has led issuers to expect a strong acquisition market. They鈥檙e taking advantage of the opportunity by boosting ad spend, a primary driver of credit card acquisitions, by 8.2% in 2023. That helped propel credit card originations 3.7% YoY in August, per VantageScore.

Debit, credit, and prepaid cards will compete for growing digital spending. Economic uncertainty and more emphasis on essential spending will uplift debit cards and slow credit growth. FedNow鈥檚 launch could increase the prominence of bank-based payments and intensify competition.

Store card revenues fell throughout 2023, and the CFPB鈥檚 late fee cap won鈥檛 help. We look at how retailers like Target are coping

Credit losses are climbing, credit conditions are tightening, and consumer sentiment is on the decline