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US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise

US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
February 12, 2020  |  Debt

Debt from credit cards hit a record high in 2019, driven by young borrowers and aggressive spending, according to The Wall Street Journal. Despite a healthy...

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Report: Visa Eyes Biggest Interchange Fee Revamp In A Decade
Report: Visa Eyes Biggest Interchange Fee Revamp In A Decade
February 04, 2020  |  VISA

Visa is proposing to change its interchange rates — commonly known as swipe fees — in ways that would vary according to transactions and merchant...

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Top News In Payments: Mastercard CEO Pushes Back Against National Payments System; FCA Tells Credit Cards To Ease Up On Non-Payers
Top News In Payments: Mastercard CEO Pushes Back Against National Payments System; FCA Tells Credit...
February 03, 2020  |  News

In today’s top payments news, Mastercard’s CEO speaks out against a national payments system, the FCA tells credit card companies to be reasonable with customers...

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Cashless Growth Pushes Visa, Mastercard Stock Up 50 Pct. In Past Year
Cashless Growth Pushes Visa, Mastercard Stock Up 50 Pct. In Past Year
January 31, 2020  |  Markets

Analysts believe that both Visa and Mastercard have potential to join tech giants like Apple and Amazon in the $1 trillion value club, according to...

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CFPB Sues Citizens Bank For Violating Truth In Lending Act
CFPB Sues Citizens Bank For Violating Truth In Lending Act
January 31, 2020  |  CFPB

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit on Thursday (Jan. 30) against Citizens Bank over alleged violations of the Truth In Lending Act...

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Business Banking Co Pleo Shifts To Credit Cards
Business Banking Co Pleo Shifts To Credit Cards
January 30, 2020  |  B2B Payments

Pleo, a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard, and will now offer company...

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The Benefits Of Virtual Cards For B2B Payments
The Benefits Of Virtual Cards For B2B Payments
January 30, 2020  |  Accounts Payable

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Mastercard’s X-Border Volumes Gain 16 Percent
Mastercard’s X-Border Volumes Gain 16 Percent
January 29, 2020  |  Earnings

Mastercard posted fourth quarter results Wednesday (Jan. 29) that showed increased spending on cards and across borders up double digits. Get the Full Story Complete...

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