Chase is set to become the new issuer of the Apple Card credit card, with that role transitioning from the current issuer, Goldman Sachs, in about 24 months. The change was announced by Apple and Chase in a Wednesday (Jan. 7) press release, which added that Mastercard will remain the payment network for the Apple Card and that...
Credit limits have traditionally been treated as a mechanical feature of card programs: a numeric ceiling determined by algorithms, credit scores and internal risk thresholds. But new findings from the report, “Credit Limits: Understanding Requests, Denials and the Consumer Experience,” a PYMNTS Intelligence and Elan Credit Card collaboration,...
Speaking at a recent financial conference, American Express’ CEO offered a blunt opinion on surcharges. “Our card members should not be discriminated against,” Steve Squeri said at the Goldman Sachs U.S. Financial Services Conference. “I think surcharging in general is a really bad customer experience.” The...
Google Pay launched a digital credit card designed for everyday transactional use in India. The new Flex by Google Pay is built on India’s RuPay payment network, powered by the country’s Unified Payments Interface (UPI) instant payment system, and available only on the Google Pay...
The National Association of Convenience Stores (NACS) and the National Retail Federation (NRF) filed complaints opposing the Visa and Mastercard settlement offer in a 20-year legal battle over interchange fees. The associations and some individual merchants filed complaints last week, and the settlement process is now headed for a hearing and the court’s preliminary...
What separates top card issuers from everyone else often comes down to one capability: the ability to use analytics to see the full value of a customer relationship. Research from PYMNTS Intelligence and Visa DPS shows that the issuers with the highest customer lifetime values...
Credit cards remain central to how consumers navigate everyday financial demands, especially when prices, income cycles and needs do not always align. The latest PYMNTS Intelligence research, done in collaboration with i2c, shows consumers use cards to balance liquidity, plan purchases and improve credit standing,...
Mastercard has moved to strengthen its footprint in experiential payments by debuting Mastercard Access Pass, a platform designed to give issuers and brands new tools for driving engagement, in the United Arab Emirates. The launch, announced in a Tuesday (Nov. 25) news release, comes as global...
Extend now enables businesses to connect “virtually any” bank credit card to its spend and expense management platform for small and medium-sized businesses (SMBs). This capability gives SMBs’ finance teams a centralized view of all their company cards as well as an app that streamlines...