Tightening credit standards. More than one-third (33.9%) of domestic banks tightened standards for credit card loans in Q4 2023, per the Federal Bank of St. Louis. This made it harder for riskier consumers to get approved for credit cards, pushing them to alternatives like BNPL. Older users.
Article
| Jan 5, 2024
Public comments revealed that many feel like the plan for banks and card companies falls short.
Article
| Jan 31, 2023
The news: Google is bringing a technology used to protect credit card and password information to advertisers, allowing them to integrate their first party data with the ad giant while preventing other advertisers and Google from accessing sensitive information. The product, known as confidential matching, will be available at no extra cost to advertisers, Google said.
Article
| Sep 13, 2024
Recent acquisitions and service launches will help it maintain momentum
Article
| Oct 31, 2024
The card network is hoping rewards will be enough to finally make inroads in the debit card industry
Article
| Jun 6, 2023
In addition to coming to BNPL platforms, the subscription trend has extended into the credit card space. TD Bank last year launched TD Clear (a subscription-based credit card that doesn’t charge interest), and startup Neu rolled out the Neu Card (a subscription-based student card) in October, for example. The subscription service model provides a clear value proposition and payment transparency.
Article
| Jan 26, 2024
Chart
| Mar 10, 2025
Source: AARP; NORC at the University of Chicago
We look at how adjusted pricing, launching in new categories and markets, and growing its debit card made this possible
Article
| Feb 7, 2025
Something similar could happen this year, as 27% of consumers plan to take on some form of debt to do their holiday shopping. 54% of shoppers plan to use credit cards this holiday season, per Bankrate. 30% are considering buy now, pay later (BNPL) services, according to a July 2024 survey from Morning Consult and Afterpay.
Article
| Sep 19, 2024
I get lots of offers with my credit card statements. It feels like the same thing. No? David Morris:. Well, I think they can serve as a foundation for some of the media networks that are being developed now, but as a product, they're different. So Rob, have you ever gone into your card app, American Express, Bank of America, Citi? They all have these card offers. You can find them inside the app.
Audio
| Sep 10, 2024
This year, card-not-present (CNP) fraud will account for $9.49 billion in loss, up 8.5% over last year, according to our data. CNP will make up 73.0% of card payment fraud loss this year, up from 57.0% in 2019.
Article
| Jan 23, 2023
While TikTok Shop’s “Deals For You Days” promotion fits within the prior explanation, it’s worth highlighting separately because Earnest credit card data suggests the platform grabbed share from competitors Shein and Temu during the first week of the event. The deals offered by brands such as L’Oréal Paris, Maybelline New York, and Zwilling USA have driven a historically high $52 spend per customer.
Article
| Jul 25, 2024
Chart
| Dec 3, 2024
Source: Deloitte
Record-high credit card interest rates have helped propel consumer credit debt to new heights. US consumer credit card debt surpassed $1 trillion for the first time in July, per Federal Reserve Economic Data. Why it matters: Delinquency rates, while increasing, have normalized to pre-pandemic levels. But certain economic factors could push delinquencies to worrying levels, particularly among Gen Zers.
Article
| Aug 28, 2023
Fintechs’ cutting-edge credit products can attract and tighten SMB relationships. Credit cards have long been a key lending method for SMBs, but there’s opportunity for better perks, especially surrounding travel.
Report
| Apr 27, 2023
Spending was consistent with prior quarters in 2022. But consumers may struggle to pay down card debt if economic headwinds pick up in 2023.
Article
| Jan 17, 2023
This includes credit cards and loans, including home loans, car loans, appliance loans, short-term loans, banking and checking accounts, and debt management products. Any accounts in violation will be issued a warning at least seven days prior to any suspension of their account. What it means for financial marketers: Targeting consumers is going to get a little more difficult.
Article
| Feb 26, 2024
Credit cards as a service will be the next major battlefield. Sources. Bain & Company. Bloomberg. Bloomberg Línea. Business Insider. Capgemini. CoinDesk. Cointelegraph. Decrypt. Financial Times. Finbold. Forbes. Health Assured. PYMNTS.com. Reuters. Revolut. Schroders. The Financial Brand.
Report
| Jan 12, 2023
In Q4 alone, PayPal added 1.5 million new debit card users, and debit card payment volume shot up 100% YoY. PayPal Everywhere will expand to select European markets in 2025. Our take: The results of PayPal’s transition year are taking longer to be seen than some may like. Despite the slower speed, the payments giant’s efforts should set up the company for stronger growth in 2025 and beyond.
Article
| Feb 4, 2025
But a diversified mix of card volume will help keep the issuer in a strong position moving forward
Article
| Oct 25, 2024
Article
| Jun 14, 2024
Record-high debt and record-high card interest rates are leading to missed payments
Article
| May 16, 2023
The Office of the Comptroller of Currency is keeping a close eye on bank partnerships with tech companies, and the Consumer Financial Protection Bureau is already investigating the credit card practices of Apple’s credit card partner, Goldman Sachs.
Article
| Aug 18, 2023
Showing card account info takes away an important touchpoint for banks and puts Apple at the center of the relationship
Article
| Nov 17, 2023
Align credit card features with young consumers’ needs. For example, FIs that understand young consumers’ aversion to debt may promote the ability to turn the balance on their credit card into fixed monthly payments through a loan. This allows customers to consolidate their debt into a single monthly payment at a lower interest rate than they were likely paying on various credit cards.
Article
| Jun 24, 2024