Credit card apps have moved from a supporting function to a central position in how consumers engage with their financial lives. The movement is most readily seen through the behavior of younger cardholders who treat the app as the card itself. The latest PYMNTS Intelligence...
A Colorado bill that would prohibit payment card networks from charging an interchange fee on the sales tax portion of a debit card or credit card transaction is headed to the full state Senate for a vote. The bill, SB26-134, was introduced on March 4...
Retail groups are reportedly fighting a proposed $200 billion antitrust settlement against Visa and Mastercard. That settlement, stemming over a long-running case involving what are known as interchange fees or “swipe fees,” was the subject of a federal court hearing Monday (April 27). As Bloomberg News reported, groups representing major retailers...
Credit card startup Mission Lane has reportedly applied to become a U.S. bank. The company has applied to federal regulators in hopes of reaching this goal, Bloomberg News reported Monday (April 20), citing its banking application. If approved by the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance...
Secured credit cards have never had the glamour their more luxury and premium card cousins command. Traditionally, they haven’t had much glamour at all. Secured credit cards have long been tools of necessity, not lifestyle strategy, designed for borrowers with thin or damaged credit files,...
“Winning Top of Wallet: How Credit Card Apps Shape Choice,” a collaboration between PYMNTS Intelligence and Elan Credit Card, examines how the credit card mobile app is becoming a much bigger factor in card competition. For years, issuers treated the app as a servicing tool, a...
Synchrony’s CareCredit credit card can now be used to pay for select health and wellness products on Walmart.com. The credit card has long been accepted in Walmart stores and Sam’s Club locations nationwide, and now it can be used online with both home delivery and...
Australia’s central bank will prohibit surcharges on debit and credit cards starting in October. The Reserve Bank of Australia (RBA) announced its plans Tuesday (March 31), along with its intention to lower the cap on credit card interchange fees merchants pay to banks. “The surcharging...
American Express sees agentic commerce and commercial services as opportunities to continue the company’s growth, Chairman and CEO Stephen J. Squeri wrote in a letter to shareholders released Wednesday (March 25). The rise of agentic commerce represents one of the biggest changes in shopping since...