Financial Technology (FinTech) company Petal — a startup that aims to shake up the world of credit cards — has launched a new company called Prism Data, which offers a “cash flow-based underwriting technology.” Prism Data will mean that Petal’s technology will be available to...
In the newest potential move from Goldman Sachs Group Inc. to extend farther into consumer finance, the bank is in discussions with JetBlue Airways Corp. in regard to taking charge of the air carrier’s credit card program, The Wall Street Journal reported, citing unnamed sources....
Wells Fargo has decided to keep its private-label credit card business after testing the market for a possible sale, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
For all the harm caused by the COVID crisis, one clear winner to emerge from the mess is debit. Consumers have turned to debit in battalions as fear of accruing debt in a time of severe economic uncertainty caused a drop in credit card usage....
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Officials at the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Treasury Department are looking to see if American Express Co. (AmEx) harnessed strong and deceptive sales practices for card sales to business owners and if clients experienced negative effects, The Wall Street...
Consumers love how easy it is to use credit cards to make purchases, but hate how hard it can be to dispute a transaction. In the Credit Card Frictions Report, PYMNTS surveyed over 2,000 consumers to examine how frictions such as card disputes and declines...
The pandemic has cast a chill across the loan process, but Matt Harris, co-founder and CEO of Bloom Credit, told PYMNTS that a lack of credit data and creative alternative solutions might be causing even more lending problems. Get the Full Story Complete the form...
