As credit card spending remains resilient across many consumer segments, issuers are confronting a more nuanced contest over where that spending ultimately lands: not simply in consumers’ wallets, but at the top of them. The latest PYMNTS Intelligence report done in collaboration with Elan, “Winning...
Customer lifetime value (CLTV) has long been seen as something that naturally grows as card issuers add more customers and launch more products. But this report shows that even as issuers invest in digital tools, AI and new capabilities, fewer are building strong, lasting customer...
Watch more: Need to Know With Concora Credit’s Rolando De Gracia Non-prime consumers are not stepping back from commerce, but they are making more deliberate decisions about how each dollar is spent. Rolando De Gracia, chief commercial officer at Concora Credit, described a consumer who...
Dick’s Sporting Goods has relaunched its credit card program and now offers its cardholders 10% back in rewards on qualifying purchases at its brands. The retailer relaunched its credit card program with consumer financing company Synchrony, continuing a collaboration that has been in place for...
If Colorado’s governor signs a bill that’s now on his desk, the state will prohibit payment card networks from charging an interchange fee, or “swipe fee,” on the sales tax portion of a debit card or credit card transaction. The bill, SB26-134, was passed by...
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...