Digital banking trends and advancing technology can imply that the unbanked or the underbanked are a diminishing group in U.S. society, but figures show that the underbanked comprise almost a quarter of the population. Unfortunately, this group is likely to be low income, to have...
According to new reports, the amount of U.S. credit card (and other types of revolving debt) has exploded to $18 billion in just the last three months – triggering concerns among experts that Americans are getting a little too debt-happy when the U.S. could be...
Look no further than a mobile device, in-store payment terminal or even the latest wearable device to experience firsthand how advancing technologies are making digital payments more accessible than ever before. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
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The question is not just if credit scores will change, but how much will they change, and in what situations are these fluctuations actually meaningful to lenders? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With MasterCard’s announcement today of its partnership with World Vision, the company is moving forward in its quest to affect developmental and social outcomes in a commercially and operationally sustainable way. Tara Nathan, EVP, Public Private Partnerships at MasterCard, shares with MPD CEO Karen Webster...
Ten years ago, the three national credit bureaus got together to start a challenger to credit scoring’s dominant player. Out of that, VantageScore was born, and its new scoring model eventually gave 30 million-35 million consumers a score and access to credit. VantageScore President and...
Visa is expanding its footprint in the African continent with a new base in the Ivory Coast for serving the underbanked population in the region, the company announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
While a number of infrastructural and operational obstacles had historically made cash-based digital transfers for developing regions a near impossibility, GiveDirectly is looking to change that. Its Co-Founder and Executive Chairman Michael Faye shares with MPD CEO Karen Webster what inspired the nonprofit, as well...
