American Express (AmEx) has debuted its Flexible Payment Option (FPO) for small businesses. The new offering, announced in a Thursday (Feb. 5) news release emailed to PYMNTS, is aimed at giving businesses more control over their cash flow needs with an instant line of credit. “We...
Nearly three-quarters of credit cardholders who requested a limit increase and were denied turned to installment plans as an alternative source of credit, revealing how rejection decisions push consumers toward competing financial products. The findings come from “Credit Limits: Understanding Requests, Denials And The Consumer...
For decades, interchange rates have resembled a laminated chart: fixed categories, annual updates. That model is shifting. Dynamic interchange is arriving, where fees are no longer governed only by preset categories and periodic updates but instead reflect what happens inside each individual transaction. Interchange has...
A growing share of Americans are making credit decisions before they ever fill out an application, and many of those decisions are based on assumptions rather than experience. That is the central takeaway from a new PYMNTS Intelligence report, “Consumer Credit Economy: Strategy vs. Spontaneity—Navigating the...
President Donald Trump has been lobbying for a 10% cap on credit card interest rates. But according to Sen. Elizabeth Warren, Trump’s own administration has been undermining what the president has characterized as a push to improve affordability, CNBC reported Friday (Jan. 23). In a...
Capital One’s acquisition of Brex, announced Thursday (Jan. 22), signals that the economics and mechanics of commercial card issuance are changing. As commercial cards move beyond travel and entertainment into core payables, procurement and supplier payments, the burden of running modern card programs for smaller...
Bank of America and Citigroup are reportedly considering offering credit cards with a 10% interest rate in response to President Donald Trump’s demand for a cap on rates. This is one of multiple options that banks are considering, separately, after Trump made that demand, Bloomberg reported Thursday (Jan. 22), citing unnamed...
Bank of America’s Brian Moynihan is the latest CEO questioning a proposed 10% credit card interest rate cap. That cap, proposed earlier this month by President Donald Trump, would slow consumer spending and limit credit availability, Moynihan said in a Thursday (Jan. 22) interview with...
Watch more: Need to Know: Thales’ Gustavo Menezes Even as digital wallets, instant provisioning and tokenized credentials reshape how consumers pay, physical cards continue to show surprising staying power. In a payments ecosystem defined by speed and abstraction, the tangible card remains a familiar, reliable...