American Express has introduced a digital advertising platform dubbed Amex Ads. Announced Monday (Oct. 6) the platform is designed to let brands connect with the company’s 34 million consumer card members in the U.S. Starting on AmexTravel.com and ultimately moving to other Amex-owned platforms, “brands...
Holders of premium credit cards are reportedly paring down the number of such cards they carry after recently announced increases in annual fees. These moves come after JPMorgan Chase raised its annual fee on its Sapphire Reserve card by 45% to $795 in June, and...
Watch more: The Credit Race: Closing the Perception Gap to Win Credit remains an essential tool for consumers managing both everyday spending and big-ticket plans. But getting the right card in the right wallet is more complex than ever. Digital discovery now drives most card...
Watch more: Need to Know: American Express, Raymond Joabar Premium cards and premium customers are in demand these days. American Express is raising the stakes for this demographic with a sweeping upgrade to its U.S. Consumer and Business Platinum Cards, announced Wednesday (Sept. 18) aiming...
Mastercard has introduced a solution designed to give financial institutions greater control over authorization decisions. On-Demand Decisioning, announced Tuesday (Sept. 9), is what the company calls a first-of-its-kind tool to let issuers define decisioning criteria directly on the Mastercard network. “Security, flexibility, and reliability are table stakes...
Consumers in August loaded up on revolving debt, a category that includes credit cards, as they reversed a slowdown, and in some cases, paydowns, on their balances. New data released Monday (Sept. 8) by the Federal Reserve shows that, in July, consumer credit increased at...
In today’s competitive card issuing market, sleek apps and fast approvals aren’t enough. The real advantage belongs to issuers that turn data into predictive insights and act on them in real time. Issuer platforms are the center of all related data flows, and issuers increasingly...
Zum Rails is launching a suite of Mastercard-powered prepaid card programs in Canada. “These reloadable cards will enable businesses to offer seamless expense management, faster wage access, consumer rewards, and real-time disbursements and spending flexibility, empowering the business and their customers to control funds with speed, security, and precision,”...
Credit card delinquencies among American consumers reportedly crept up slightly last month. The average delinquency rate, which measures late payments, rose to 2.66% in July from 2.63% in June, Seeking Alpha reported Saturday (Aug. 16). That figure was down from 2.87% in July of last...