credit card

Credit card is a payment card issued to cardholders to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges.
i2c and Access Finance Partner on Program for Credit-Challenged Consumers
i2c and Access Finance Partner on Program for Credit-Challenged Consumers
May 17, 2023  |  Financial Inclusion

i2c and Access Finance have partnered to bring a credit card for credit-challenged people to the United States. With the partnership, Bulgaria-based Access Finance will use i2c’s...

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PYMNTS Intelligence: FinTechs Have an Opportunity to Improve Consumers’ Credit Capabilities
PYMNTS Intelligence: FinTechs Have an Opportunity to Improve Consumers’ Credit Capabilities
May 10, 2023  |  Financial Inclusion

With millions of Americans still struggling to access traditional credit options, achieving full financial inclusion will be neither quick nor easy. With an estimated 307...

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Credit Card Charge-Offs Creep Up in March
Credit Card Charge-Offs Creep Up in March
April 30, 2023  |  Credit Cards

Credit card charge-offs reportedly crept up in March as consumers struggle to pay bills. On paper, the overall average rate of credit card delinquencies and...

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Yonder Raises $77 Million to Expand Credit Offering Beyond London
Yonder Raises $77 Million to Expand Credit Offering Beyond London
April 17, 2023  |  Credit Cards

British credit card startup Yonder has raised £62.5 million (about $77 million) to continue its growth. The firm will invest £12.5 million in growing its...

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Banks Find Item-Level Receipt Data Key to Fighting Friendly Fraud
Banks Find Item-Level Receipt Data Key to Fighting Friendly Fraud
March 20, 2023  |  Data

With privacy top of mind for most consumers, opting into using receipt data may require collection transparency. Item-level receipt data integration has gained increasing attention....

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Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
March 16, 2023  |  Credit Cards

A federal appeals court has approved a settlement of a class-action lawsuit brought against Visa and Mastercard. The settlement, in which the payment card networks...

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Bread, Discover and JPMorgan Chase Report Higher Credit Card Delinquencies
Bread, Discover and JPMorgan Chase Report Higher Credit Card Delinquencies
March 15, 2023  |  Credit Cards

Three companies saw their higher credit card delinquency and charge-off rates rise in February. Bread Financial, Discover Financial and JPMorgan Chase reported in recent press...

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Vexi Raises $8M to Expand Access to Credit in Mexico
Vexi Raises $8M to Expand Access to Credit in Mexico
February 16, 2023  |  Financial Inclusion

Mexican neobank Vexi has raised $8 million in a Series A funding round. TechCrunch reported Thursday (Feb. 16) that the startup offers only a credit...

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Goldman Sachs Abandons Plan for Consumer Credit Card
Goldman Sachs Abandons Plan for Consumer Credit Card
February 15, 2023  |  Digital-First Banking

Goldman Sachs has reportedly stopped plans to launch a branded credit card for retail customers. Reached for comment Wednesday (Feb. 15) by PYMNTS, a spokesperson...

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