Credit card delinquency rates inched up slightly in August and most credit issuers also saw increased net-charge-off rates compared to July, according to a Seeking Alpha report Thursday (Sept. 16), a couple of signs that the elusive “new normal” may be coming to the credit...
Credit card firms Citigroup and American Express have released statistics on the August delinquencies in credit card payments, with Citi’s delinquency improving and American Express holding steady. Citi’s delinquency rate of 0.8% in August was an improvement from 0.87% in July. It was also below...
It’s been a busy first half for mobile card apps, as they add features and rack up downloads for a population that’s cracking the code on paying for stuff with their smartphones. That brings us to the latest update of PYMNTS’ Provider Ranking of Credit...
U.S. Bank will be working with Mastercard on a new card for fleet-related expenses, according to a press release. Called the U.S. Bank Voyager Mastercard, the new feature will build on U.S. Bank’s existing Voyager card, which allows customers to pay for fuel, maintenance and...
Payment card maker CompoSecure Holdings is continuing to delve into the world of cryptocurrency storage and security solutions via a new partnership with crypto platform Gemini. The company announced Monday (Aug. 23) it is working with Gemini to manufacture a new crypto rewards card that...
You pays your money, they say, and you takes your chances. Or, in a twist on that saying: You pays more money because you’ve taken your pick — of payment method, that is, which in this case would be the credit card. At a high...
Payment services company Corserv has collaborated with Boost Payment Solutions to broaden the use of commercial card offerings for financial institutions, according to a Tuesday (Aug. 10) announcement. A provider of credit cards, purchasing cards and digital cards primarily for banks and financial institutions, Corserv...
Scotiabank is introducing a new product, Scotia SelectPay, that gives customers the power to turn their credit card balances into preset monthly installments. Headquartered in Toronto, Canada, the legacy banking institution is offering its Visa credit card users the ability to extend payments over time...
Back in May, the Federal Reserve Bank of New York told of a “confounding” slide in credit card debt amid increased spending. Yet the darling buds of May foretell growth — springtime and all that, don’t you know — and it’s been a growing season...
