A credit card’s place in a consumer’s wallet is now shaped as much by its app as by its rate, perks or brand, a shift that looks especially strong among younger cardholders and points to a more digital future for issuers. In the April 2026...
Consumer FinTech company OnePay has launched a product designed to provide Americans with a starting point for building credit. The new Builder Card is integrated into the OnePay app and connected to a customer’s Cash account, the company said in a Thursday (April 23) press...
Consumers are continuing to rely on cards as both a spending tool and a way to manage liquidity, and Synchrony’s latest quarter, as announced on Tuesday (April 21), indicates that balance remains intact even as affordability pressures persist. Brian Wenzel, chief financial officer at Synchrony,...
Cash App is rolling out a new managed accounts feature that allows parents or legal guardians to manage money for their kids aged 6 to 12. The managed accounts feature provides parents with a dedicated space on Cash App where they can send allowances, set...
The availability of credit in the United States rests on a vast reporting system that translates consumer behavior into lending decisions, yet lawmakers heard Thursday (April 16) that weaknesses in how data is collected, disputed and applied are constraining access for many households. At a...
Watch more: Need to Know With Paymentology’s Stephen Bowe Credit demand may be rising, but the more pressing issue for issuers is whether their technology stacks can sustain how credit is now used, rather than how it was once structured. Stephen Bowe, chief product officer...
Consumer credit continued to expand in February, though the latest data suggests households are becoming more selective in how they borrow and spend. Figures from the Federal Reserve released April 7 show that total consumer credit increased at a 2.2% annual rate, up from 1.8% in...
The dividing line in today’s consumer economy is no longer employment itself. It is how workers experience liquidity. The December edition of the Wage to Wallet Index finds that hourly Labor Economy workers live with tightening constraints, while non-Labor Economy employees, largely salaried, report expanding...
When mobile sports betting is legalized, consumers’ financial health suffers, according to a study released Wednesday (March 25) by the New York Fed. Although only about 3% of the population takes up sport betting when the activity is legalized, overall credit delinquency rises by 0.3...