About 1 in 4 consumers in the United States own at least one co-branded or store-specific credit card. However, their popularity doesn’t come close to that of general-use credit cards, which are owned by 68% of consumers. These are key data points in the PYMNTS Intelligence study “The...
Higher fees from the payments networks across the pond have not translated into better service, according to a new report. The U.K.’s Payment Systems Regulator (PSR) issued a 158-page report Tuesday (May 21) that charged increases in the fees levied on acquirers and issuers through...
The U.K.’s payments watchdog says card giants Visa and Mastercard need to offer greater transparency. The Payment Systems Regulator (PSR) said Tuesday (May 21) that it is proposing that both companies routinely turn over financial information to the regulator and consult with retailers and merchants ahead of any fee changes. This came after...
Credit card delinquencies reportedly fell in April amid signs of improved lending activity. That’s according to a report Monday (May 20) from Seeking Alpha, citing data from eight different lenders. Lending came to $497.5 billion in April compared to $496.8 billion in March, but was...
Most credit cards — more than 80% — offer rewards to their users. But making the most of those rewards can be a challenge, particularly for shoppers already caught up in the throes of the purchase occasion. And making matters more complicated is the fact...
PYMNTS Intelligence finds that 2.5 times as many consumers possess a general-use credit card than own a co-branded credit or store card. Yet, because 27% of all U.S. consumers also have these more specialized cards, we wanted to take a closer look at their popularity....
Card-linked offers — promotions intended to entice consumers to use their credit and debit cards — are incredibly popular with consumers. That is, once they use them. According to PYMNTS Intelligence’s report “Card-Linked Offer Growth Hinges on First-Time Users,” after their first experience with card-linked...
The government’s new rule that would limit credit card late fees has been blocked by a federal judge in Texas. In a Friday (May 10) decision, Judge Mark Pittman of the U.S. District Court for the Northern District granted an injunction that halts the restrictions. ...
Among consumers turning to co-branded credit cards to maximize their rewards, the lion’s share want these perks from their favorite retailers, PYMNTS Intelligence research shows. By the Numbers The recent report “The Role of Strategic Partnerships in Consumer Credit Cards,” a PYMNTS Intelligence and Elan...
