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Credit card digital account openings are normalizing after pandemic-driven fluctuations. Recessionary factors and Gen Z鈥檚 shifting behaviors are slowing growth, but it will stay positive as issuers tap digital innovations鈥攍ike open banking and alternative credit models鈥攖o convert more consumers into cardholders.

The two have also addressed concerns around international acceptance and worked to improve credit card delinquencies to help mitigate concerns around concentrating their riskier debt profiles into a single entity.

The firm is going head-to-head with Amex and Chase ultra-premium cards and preparing to invigorate spending.

But despite being the first foreign credit card network to gain approval, Amex has fallen behind the other card networks in gaining partnerships with China鈥檚 major digital wallets. Alipay already partners with Visa, Mastercard, Discover, Diners Club International, and JCB.

On today's podcast episode, we discuss the most important parts of the EU's new AI Act, what's missing, and how these rules could shape US regulation. "In Other News," we talk about what nefarious GPTs can get up to and a card-linked buy now, pay later (BNPL) offering. Tune in to the discussion with our analysts Carina Perkins and Yory Wurmser.

Two-thirds (66%) of US adults have used a credit card within the last 12 months, the most popular method of credit usage, according to an April 2024 survey from NerdWallet conducted by The Harris Poll.

On today's episode, we explore the evolution of the payments ecosystem and discuss the trends to look out for in 2023. In our 鈥淗eadlines鈥� segment, we discuss (among other things) buy now, pay later; credit card fees; and crypto. In 鈥淪tory by Numbers,鈥� we examine payments at retail stores. And in 鈥淔or Argument鈥檚 Sake,鈥� we debate whether interest rate scrutiny by regulators will impact credit card rewards programs. Tune in to the lively conversation between our host Rob Rubin and analysts David Morris and Jaime Toplin.

Many of the pandemic-era rewards used to entice credit card spending could prove costly for issuers this year.

They鈥檙e becoming delinquent on auto loans and credit card payments at a faster rate than older generations, raising questions about what鈥檚 normal and what鈥檚 troubling.

On today's episode, we discuss the changing demographics of US physicians, how much money doctors make, and how to address physician burnout. "In Other News," we talk about which chatbots are the best at giving medical advice and why medical credit cards might not be as good as advertised. Tune in to the discussion with our analysts Rajiv Leventhal and Lisa Phillips.

Since its launch in September 2023, over 11% of US households have purchased items via TikTok Shop, according to data from a recent Earnest Analytics鈥� report, which analyzed credit card transaction data to learn more about TikTok Shop users.

This Banking & Payments Show episode explores new cash-back credit card features and their appeal. We discuss a CNBC article on merchant rewards, highlight a feature 58% of consumers find extremely valuable, and debate the merits of these features versus more cash-back rewards.

Apple鈥檚 headline-grabbing buy now, pay later (BNPL), savings, and credit card products are just one part of the threat it poses in consumer banking: Its digital platform delivers an almost unbeatable user experience (UX) and is tailor-made for Gen Z. Banks must adapt quickly or risk losing market share.

Debit and credit card spending fell 7.4% YoY on February 28, where many categories like restaurants and grocery stores experienced meaningful declines, according to data from Earnest Analytics and Vela Gamma. However, ecommerce sites like Amazon and Temu did not experience a significant decline on that day, per the data.

Getting cash back is the leading motivator for opening a new credit card, according to 42% of adults worldwide, per January 2024 data from Kantar.

As consumers remain plagued by a higher cost of living, banks will see reduced credit card interchange fees, lending, and deposits. They鈥檒l rein in ad spending once more to ride out the storm. Video and social ad spending is surging across financial services.

Through a tie-up with FIS, issuers can integrate Affirm's BNPL solution into their debit card programs

Holiday spend, international transactions, and non-card payments boosted growth

Expand access to affordable credit: With more consumers using credit cards for emergency expenses, banks should explore flexible, lower-interest credit options. Enhance financial education and tools: Digital banking apps can integrate AI-driven insights and budgeting tools to help customers track spending, set emergency savings goals, and receive real-time nudges to stay on track.

Conversely, traditional financial institutions (e.g., banks and credit card issuers) have deeper customer relationships and broader data visibility but face greater restrictions on how and where their data can be used for marketing. To grow in commerce media, FMNs must solve for scale and purchase intent.