American Express Co. and Synchrony Financial are among banks bidding for Amazon’s credit card business, which is currently handled by J.P. Morgan Chase, Bloomberg reported on Wednesday (June 9), citing sources. Amazon and J.P. Morgan launched their first co-branded Visa credit card in 2002, and...
As economies reopen, businesses hire and the worst of the pandemic seems to be behind us, consumers are getting ready to resume spending – on their cards. In an interview with PYMNTS, Jon Wilk, CEO of CompoSecure, which designs and manufactures cards, said he anticipates...
With small businesses reportedly optimistic in the face of loosened pandemic restrictions, Barclaycard has introduced a credit card designed to help them. The British credit card provider said Wednesday (April 28) its Payments Select Cashback card is designed to reward businesses for spending as the...
What do Tesla and incumbent OEMs have in common with FinTechs, community banks and legacy credit platforms? It may not seem to be a reasonable comparison at first, but Tesla saw a market opportunity, applied new technology and opened new distribution channels to deliver a...
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. The decision follows a series of moves by CEO Charles Scharf who, in a little more than a year on the job, already oversaw...
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....
It is well known that shoppers tend to behave differently online than they do in brick-and-mortar stores — and this extends to how they choose to pay at checkout. One of the more notable differences is their tendency to favor credit cards online and other options...
