Credit card debt is harder for younger consumers to handle amid the pressures of living paycheck to paycheck. To that end, the Urban Institute reported that nearly one in five adults between 18 and 24 with a credit file in the U.S. currently have debt in...
Deadlines loom in the United States as credit network exclusivity is set to end next year. Monica Kennedy, senior vice president and head of merchant services portfolio management at Bank of America, said the bank’s corporate clients are pivoting to meet the new logistical and...
Reports from banks and payment networks show credit card delinquency rates are on the rise. Connect the dots, and the data hints at trouble ahead in the paycheck-to-paycheck economy. Citigroup said in its latest details from its Credit Card Issuance Trust that its 30-day delinquency...
TD Bank is extending its credit card program with Nordstrom, serving as the exclusive issuer of the luxury retailer’s Visa and private label cards. “We partner with Nordstrom at every level, collaborating closely with leadership while providing tailored support for store teams,” David Swift, who...
Consumer credit demand has been on the decline this year, except when it comes to new applications for credit cards. That’s according to the latest Credit Access Survey from the Federal Reserve Bank of New York’s Center for Microeconomic Data, which also found that consumers...
Card declines are known to blast off during peak shopping seasons, the winter gifting holidays topping the list, and the pernicious problem of false declines is a fixable part of this problem that cost merchants and issuers an estimated $440 billion in 2021. PYMNTS spoke...
American Express and commerce solutions provider Square have partnered to create a forthcoming credit card that will be designed for Square sellers. The Square Credit Card is to be available to eligible Square Sellers in the United States, with additional details to be announced next...
Every earnings season tells a tale. So far the storyline is that consumers remain buoyant, are still willing to open their wallets and wield credit cards to get what they need. Visa’s results Tuesday night (Oct. 25) showed double digit growth in card spend; American...
Former PayPal CEO Bill Harris has launched Nirvana Money, a credit card product for middle-income earners as consumers work to keep their heads above water amid inflation. The company combines “the best features of a credit card, a bank account and a gamified rewards program...