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Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. That change in consumer behavior had a lot to do with the market crash of 2008 and differing ideas about financial...
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The shuttering and reopening of states' economies are causing seismic shifts in consumer behaviors. Tried and tested ways of catching fraudsters, such as comparing consumers' activities against their 90-day transaction histories, are now resulting in false positives, says Carlos Mejia, chief digital executive at Pacific...
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In disasters of the recent past there has been a marked shift away from credit toward debit. Households and even small and medium-sized businesses (SMBs) tend to conserve during troubled times, economic or otherwise. Get the Full Story Complete the form to unlock this article...
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Consumers’ financial priorities are shifting, and staying relevant means helping customers stay financially afloat and gird against the next crisis, says Tim Hong, chief product officer at digital banking and investment services platform MoneyLion. In the latest Next-Gen Debit Tracker, Hong explains how reduced fees,...
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