Commercial card FinTech Pivot Payables has launched an integration with American Express (Amex). The integration, announced Tuesday (Oct. 15), lets Amex business and corporate card members generate virtual cards within PivotLynx, Pivot Payables’ accounting automation application, getting requests to managers for budget approval and cost accounting. “We are teaming up with...
Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will acquire the card program’s receivables from the current issuer — Goldman Sachs — next year....
SoFi Technologies has added two new credit cards to its one-stop shop for digital financial services. One card is designed for consumers who prioritize earning rewards on their daily spending, while the other is for those focused on building or improving their credit scores, the...
FinTech company Mercury secured a $100 million credit warehouse with Natixis Corporate & Investment Banking to grow its corporate credit card business. In the two years since Mercury launched its IO credit card business, its IO World Elite Mastercard has become the most used corporate...
Credit card issuers reportedly have been raising interest rates on the cards and adding new fees to make up for revenue they may lose from a cap on late fees. These moves have contributed to the average credit card interest rate being near the highest...
Striking the right balance between seamless payments and strong security is crucial for merchants. As eCommerce continues to flourish, a PYMNTS Intelligence report, “Why Network Tokenization Is eCommerce’s Newest Essential,” in collaboration with Spreedly, examines why the integration of network tokenization has emerged as a...
Galileo Financial Technologies introduced a credit offering aimed at underbanked/underserved consumers. Secured Credit with Dynamic Funding is designed to simplify the secured credit process, making it easier for consumers to manage debit and credit accounts, while also reducing lenders’ risk by backing credit with secured...
Donald Trump wants to put a temporary cap on credit card interest rates at 10%, according to a Wednesday post on X by the official X account for the Trump campaign. Trump proposed the idea at a campaign rally in New York, the Wall Street...
Synchrony’s CareCredit health and wellness credit card is now accepted for select items in nearly 2,200 Albertsons, Safeway, Vons, ACME, Shaw’s and Jewel-Osco stores. A new collaboration of Synchrony and food and drug retailer Albertsons Companies allows the card to be used for select health and wellness products at these stores, the companies said...