Inflation is pushing credit card spending to new heights as consumers increasingly use cards to pay for daily expenses. PYMNTS’ latest study reveals that one-third of United States cardholders increased their credit card spending in the last six months, with the higher cost of living...
Credit card charge-offs reportedly crept up in March as consumers struggle to pay bills. On paper, the overall average rate of credit card delinquencies and charge-offs improved last month compared to February, Seeking Alpha reported Sunday (April 30). However, the report notes that those numbers...
Spending is resilient, but it’s slowing. American Express posted first-quarter earnings results that showed some puts and takes, where spending, especially among younger cohorts, was up double digits but represented a deceleration from growth rates logged in earlier periods. The company’s earnings supplementals showed at...
As grocers compete for shopper loyalty amid inflation, H-E-B has launched its own credit card. The supermarket chain, which has more than 430 locations in Texas and Mexico and its Central Market subsidiary, announced Monday (April 17) the launch of its H-E-B Visa Signature Credit Card...
British credit card startup Yonder has raised £62.5 million (about $77 million) to continue its growth. The firm will invest £12.5 million in growing its team and £50 million in servicing credit lines to expand beyond London to another British city, Yonder Co-Founder and CEO...
Although there are challenges to their widespread adoption, white-label store cards can benefit both consumers and merchants. For this reason, merchants should explore how to use these solutions further. In considering what type of white-label store card to pursue, merchants have two options. The first is...
In 2023, store credit cards could significantly surge based on last year’s trends. A report by LendingTree revealed that 35% of Americans were likely to apply for a store credit card during the 2022 holiday season, the second-highest percentage in five years of tracking and...
Surcharge compliance firm CardX has added Mastercard’s Click to Pay to its payment platform. The feature is now available for all card-not-present merchants using CardX’s Lightbox platform, the company said in a Wednesday (April 5) news release. “Given the present economic uncertainty, managing costs and...
Users of FormFree’s Passport app can now apply for GetAugie’s Augie Card through the app. The companies have partnered to enable automated identity verification to speed the application process for the card and to make their offerings work together to “decentralize and democratize” consumers access...