Illinois has delayed for one year the implementation of a law that would bar companies from charging interchange fees on the tax and tip portions of credit and debit card transactions. The state’s governor, J.B. Pritzger, signed legislation (HB0742) Monday (June 16) that delays the implementation of the...
Chase has introduced substantial changes to its Chase Sapphire Reserve card, its premium travel card. Due to go into effect June 23, the updated card offers users $2,700 in yearly benefits, including all existing perks plus new ones related to how customers collect and spend...
In the fiercely competitive world of consumer credit, securing a “top-of-wallet” position is not merely a preference but a determinant of an issuer’s financial health and profitability. PYMNTS Intelligence’s May 2025 report, “The Credit Economy: Top-of-Wallet Credit Cards,” produced in collaboration with i2c, details consumer preferences...
For decades, credit cards have remained remarkably unchanged in their core functionalities: swipe, spend, earn points. But what was once revolutionary may have now reached a saturation point. Nearly every major issuer provides points-based rewards, tiered interest rates and fraud protection. These features can often...
American Express is readying what it says is its largest-ever investment in updating its cards. The company announced Monday (June 16) that it was planning a “refresh” to its U.S. consumer and business Platinum cards, without offering details about the planned changes. More information will be released this...
Walmart-backed FinTech OnePay is teaming with Synchrony to launch a credit card program. The card, set to roll out this fall, will be integrated into the OnePay app and available to Walmart customers, the companies announced in a news release Monday (June 9). “As part of the program, OnePay and Synchrony...
At the core of any firm’s success is customer lifetime value (CLTV), defined for issuers as the total revenue a cardholder generates over their entire relationship with an issuer. In surveying 451 issuers, PYMNTS Intelligence found in the report “Best-in-Class Modern Card Issuer: Driving Customer...
PayPal introduced a new physical card that enables customers to use PayPal Credit for in-store purchases. With the addition of the PayPal Credit Card, which will be rolled out to customers in the United States in the coming weeks, this flexible financing option can be...
As the competitive landscape of card issuing becomes more complex, issuers face rising pressure to maximize customer lifetime value (CLTV), streamline operations and deliver flexible, responsive service models. What sets leading issuers apart is a strong commitment to card portfolio diversification, analytics-first innovation and performance-oriented...