February 14, 2023
Wells Fargo CFO: Economy Will Worsen As 2023 Goes On
Wells Fargo’s finance chief has a gloomy prediction for the U.S. economy. “It’s going to get worse as we go throughout the year,” said Mike Santomassimo, whose comments on Tuesday (Feb. 14) at...
February 13, 2023
Banks Out to Challenge Big Tech in Brewing Digital Wallet...
With digital wallets now being used more after a years-long ramp-up, there’s a new battle brewing over which wallets consumers both know and trust with their payment credentials. Big Tech...
February 06, 2023
Rising Housing Costs Set Stage for Solutions Aiding Renters and...
Consumers’ financial well-being has been strained as housing costs outpace both inflation and wages. PYMNTS’ most recent “Consumer Inflation Sentiment” report examines this issue across age and income demographics as owning...
February 01, 2023
Citizens Makes Zelle Available to Businesses Through Mobile Banking App
Citizens is now making Zelle available to small business customers through its mobile banking app. The financial institution said in a Wednesday (Feb. 1) press release that the peer-to-peer (P2P)...
February 01, 2023
Biden Calls for Cap on Credit Card Late Fees
The Biden administration wants to cap what it calls excessive credit card late fees. The White House announced the plan Wednesday (Feb. 1) as part of a larger strategy targeting...
February 01, 2023
Wells Fargo Says Payments Should Be as Easy to Use...
The payments industry must do more to respond to consumers and businesses seeking intuitive payment tools, Wells Fargo Head of Enterprise Payments Strategy Ulrike Guigui writes in the new PYMNTS...
January 30, 2023
Earnings Season Lifts Hood on Auto Loan Delinquencies, Paycheck-to-Paycheck Pressures
Earnings season and PYMNTS’ own data signals the difficulty of keeping wheels on the road — literally. As economies reopen, many firms are returning to a hybrid model. Travel is...
January 30, 2023
Bank Customers Want Advice on Best Way to Use Credit
Card-issuing banks offering payment advice to clients may benefit from decreased delinquencies and higher long-term customer retention. Data suggests that consumers are increasingly reaching for their credit cards to handle...
January 30, 2023
Banks Want to Prove They Can Innovate Digital Wallets, But...
One of the worst-kept secrets in payments was finally confirmed last week. That’s when Early Warning Services (EWS) announced its plans to launch a digital bank wallet in the second...
