Credit card firm Ness has debuted an offering designed to reward users for healthy living. The Ness Card, announced Wednesday (March 22), is designed to “incentivize living healthy” by offering consumers rewards and benefits with a number of health and wellness brands, including Sweetgreen, Seed Health, Exhale Spa and Glamsquad. “It’s clear health and...
PYMNTS data reveals debit card restaurant payments are most common, but high rollers choose credit. The Context Given credit card users’ tendency to spring for more expensive meals, restaurants and other businesses reliant on restaurant sales are working hard to attract the loyalty of this...
The Consumer Financial Protection Bureau (CFPB) wants to help Americans find new, better credit cards. The bureau announced Tuesday (Mar. 21) upgrades to its survey of credit card issuers to help consumers compare interest rates and other features when seeking new cards. “Given the rise in interest rates, the CFPB...
A federal appeals court has approved a settlement of a class-action lawsuit brought against Visa and Mastercard. The settlement, in which the payment card networks agreed to pay a total of $5.6 billion to 12 million merchants who brought an antitrust case against them, was...
Three companies saw their higher credit card delinquency and charge-off rates rise in February. Bread Financial, Discover Financial and JPMorgan Chase reported in recent press releases and Securities and Exchange Commission (SEC) filings that these figures for February were higher than those for both the...
The best way to establish a lifetime-value banking relationship is by engaging young adult consumers. And the best way to engage those members of today’s younger generational cohorts is by providing the digital-first experience they’ve increasingly come to expect. That’s according to Matt Good, senior...
Rising interest rates are making consumer credit card debt an increasingly expensive burden to carry. With the macroclimate already eating away at their purchasing power and overall financial confidence, consumers are taking steps to adjust their spending behavior and properly and effectively meet the growing...
PYMNTS research shows that many consumers’ savings are barely enough to cover their debts. That’s according to findings in the February 2023 edition of the “New Reality Check: The Paycheck-to-Paycheck Report,” a collaboration with LendingClub, which shows that those consumers with issues paying their monthly...
Discover will allow its network to track sales at gun sellers starting in April. The card network is apparently the first to publicly give a date for the initiative, designed to help law enforcement investigate gun crimes, Reuters reported Sunday (Feb. 19). “We remain focused...