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The company disclosed that criminals accessed 鈥渃ertain consumer data,鈥� though the breach did not include passwords, credit card numbers, or other payment-related information. Most of those affected had previously contacted Adidas鈥� customer service help desk. The context: The incident underscores a broader and growing threat: Cyberattacks are increasingly targeting the retail sector.

Issuers can capitalize on the 46% of users who proactively seek out deals with their cards

The BNPL provider pushed the Affirm Card and notched new partnerships to stay ahead of competition.

Our take: A poor experience with BNPL could push consumers to other payment options like credit cards, dampening already slowing growth. We forecast BNPL payment value growth will slow from 20.8% in 2024 to 15% in 2025 and 12.5% in 2026. And given Gen Zers will make up 30.2% of US BNPL users this year, per our forecasts, their unease with the payment method could be particularly damaging.

Offers real-time tracking of employee credit card use. Lets business owners set spending controls and limits. Includes receipt upload and transaction matching for easier expense management. Is built into the U.S. Bank credit card infrastructure with no separate app needed. And the all-in-one Business Essentials checking account:. Has unlimited digital transactions and no monthly maintenance fees.

Banking began similarly before it evolved into formal, centralized institutions with standardized products (credit cards, ATMs) distributed through controlled channels (bank branches). But when fintechs started to offer banking and payments products along with embedded finance, they were able to capitalize on the growing demand for unbundled banking.

It could encourage students to get a PayPal Savings account to hold their revenue-sharing disbursements or a PayPal credit card to use those funds in more locations. PayPal CEO Alex Chriss noted that college-age students鈥� interest in buy now, pay later is especially strong鈥攚hich could offer a volume boost for its Pay in 4 product.

And they鈥檙e making headway at the point-of-sale (POS), accounting for 18% of POS value last year, versus credit 肠补谤诲蝉鈥� 24%. Worldpay forecasts that share will grow to 33% by 2030. What this means for the US: The Department of Justice also filed a lawsuit against Apple for antitrust violations, which Apple motioned to dismiss last year.

It asked a Texas judge to scrap the $8 credit card late fee cap. The agency dropped its lawsuit against Zelle, Bank of America, JPMorgan, and Wells Fargo. Vought also zeroed out the CFPB鈥檚 funding for the year and tried to fire 80% of the agency鈥檚 employees. But the open banking rule seemed to be on safer ground.

Banks should continue promoting consumer credit products (like credit cards and loans) while emphasizing financial education on how to prepare for economic downturns. In light of the potential for rising consumer defaults, banks should consider more flexible repayment options for loans and credit products. These could include payment deferrals, reduced minimum payments, or loan restructuring.

According to the Yale Budget Lab, which factors in the China and UK tariff rollbacks, prices are expected to rise 1.7% in the short term, adding about $2,800 in annual costs per household鈥攅nough to make many consumers think twice before reaching for their credit cards.

Generation Z: Though over 1 in 3 Gen Zers already have credit cards, younger Gen Zers are becoming eligible for credit. But it鈥檚 not just access they鈥檙e after鈥攖hey want convenience. They care about easy access to ATMs for cash, and being able to make mobile, contactless payments.

Unique and handmade often means small and even micro-business鈥攚hich are less likely to accept credit cards at all. Credit cards made up just 25% of all POS transactions globally in 2024, per Worldpay.

The issuer will have to innovate its card offerings to contend with the UK鈥檚 lower interchange revenues

The rule classified BNPL providers as credit card issuers, requiring them to provide users the same rights and legal protections that traditional credit cardholders get. The court filing was part of the lawsuit the Financial Technology Association (FTA) brought against the CFPB over this rule. The CFPB asked the judge to halt the legal proceedings due to its plans to withdraw the rule.

Forty-two percent of adults in Latin America don鈥檛 have a credit card, per BCG鈥檚 analysis of World Bank data. And less than a third overall have access to alternative credit options like loans and investments, according to Mastercard and AMI. For banks seeking growth, the rise of Latin America鈥檚 consumer class signals a surge in demand for financial products and services.

The updated program promises faster rewards, easier redemptions, and 5% daily savings on eligible purchases for customers using the MyLowe鈥檚 Pro Rewards Credit Card. Our take: While the housing market may be frozen now, Lowe鈥檚 is betting on a rebound. By investing in its pro business, it aims to emerge in a stronger position when new home construction inevitably picks up.

For example, it doesn't offer credit cards or personal loans, two key consumer banking products. While Block remains confident it can reaccelerate growth in the third quarter, its turnaround could take longer if there鈥檚 an economic slowdown. Weaker discretionary spending would curb payment volume for Square sellers and potentially lower adoption of Cash App鈥檚 crypto services.

The company avoids creepiness and compliance controversies by abstaining from collecting credit card swipe data, opting instead to work with third parties. The measurement challenge. Commerce media鈥檚 proximity to the point of sale is one of its strengths. But it also means the ad placements come with high expectations for attribution and measurement.

Many Gen Zers flock to BNPL as a financing option because they don鈥檛 yet have credit cards. And a nervousness to acquire credit card debt, driven by high interest rates, is pushing many to put off applying for one. For Gen Zers who do have a card, low credit limits may steer them to supplement credit card spending with BNPL.

Growth in digital account openings for credit cards is slowing, thanks to tightening standards and changing generational behaviors. But issuers are utilizing new tools to keep it afloat.