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Synchrony Looks to Best Rate Cut Environment With Innovation Mix
Synchrony Looks to Best Rate Cut Environment With Innovation Mix
January 28, 2025  |  Earnings

The consumer financing landscape is a dynamic one, where both strategy and execution are the key guardrails of success for financial service businesses. This was...

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Nuvei Completes Acquisition of Paywiser Japan Limited
Nuvei Completes Acquisition of Paywiser Japan Limited
January 27, 2025  |  Partnerships

Canadian FinTech Nuvei has completed its acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry....

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Visa and DealMe Begin Rollout of Cross-Border Installment Payment Solution
Visa and DealMe Begin Rollout of Cross-Border Installment Payment Solution
January 27, 2025  |  Partnerships

Visa and DealMe are piloting a cross-border installment payment solution in South Korea and plan to expand it to Vietnam, the United States, Australia, Japan...

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‘Minimum-Payment Effect’ Covers Growing Number of Credit Card Users
‘Minimum-Payment Effect’ Covers Growing Number of Credit Card Users
January 26, 2025  |  Consumer Finance

For American consumers, making minimum monthly credit card payments is becoming the norm. That’s according to a report Saturday (Jan. 25) by The Wall Street...

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Amex: Card Spending by Millennials and Gen Z Up 16%
Amex: Card Spending by Millennials and Gen Z Up 16%
January 24, 2025  |  Earnings

Young consumers are keeping credit card spending buoyant, especially for American Express, which saw millennials and members of Generation Z increase their spending by double...

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Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
January 23, 2025  |  Earnings

Discover Financial Services posted earnings results on Thursday morning (Jan. 23) that indicated improving credit quality metrics tied to its credit cards, as well as...

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Household Spending Keeps Pace; Lower-Income Groups Feel the Heat
Household Spending Keeps Pace; Lower-Income Groups Feel the Heat
January 22, 2025  |  Consumer Insights

Among the messages conveyed so far in the continuing cavalcade of earnings reports — especially from banks — is that consumer spending is buoyant, a...

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Ally Sells $2.3 Billion Credit Card Business to CardWorks
Ally Sells $2.3 Billion Credit Card Business to CardWorks
January 22, 2025  |  Partnerships

Ally Financial has sold its credit card business to consumer finance company Cardworks. The deal, announced in a news release Wednesday (Jan. 22), will see CardWorks and its subsidiary Merrick...

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Generational Divide in Online Shopping? Not So Fast, Says New Report
Generational Divide in Online Shopping? Not So Fast, Says New Report
January 22, 2025  |  Credit Cards

Conventional wisdom is that younger generations are tech-savvy and the most willing to try new devices, apps and payment methods. However, PYMNTS Intelligence research from...

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