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Amex Reserves $387M for Bad Loans as Inflation’s Bite Continues
Amex Reserves $387M for Bad Loans as Inflation’s Bite Continues
October 21, 2022  |  Credit Cards

American Express said Friday (Oct. 21) that it had put aside more money for delinquent loans than anticipated, another red flag for U.S. consumer health....

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American Express: Millennial and Gen Z Spending Growth Up 39%
American Express: Millennial and Gen Z Spending Growth Up 39%
October 21, 2022  |  Earnings

For American Express, there’s been no slowdown or pullback by consumers, who continue to wield their cards at registers and online checkout pages with enthusiasm....

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More Brands Will Offer Secured Credit Cards for Customers During Uncertain Economic Times
More Brands Will Offer Secured Credit Cards for Customers During Uncertain Economic Times
October 18, 2022  |  Opinion

Amid economic challenges, the credit landscape is shifting, Roy Ng, co-founder and CEO of Bond, writes in the new PYMNTS eBook, “What’s Your Plan? Payments Strategies...

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BofA, AmEx Report Rising Credit Card Delinquencies
BofA, AmEx Report Rising Credit Card Delinquencies
October 17, 2022  |  Credit Cards

Credit card delinquency rates in the U.S. are slowly creeping upward, Bank of America and American Express reported Monday (Oct. 17). Get the Full Story...

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Bond Financial Technologies, i2c Partner on Credit Card-as-a-Service
Bond Financial Technologies, i2c Partner on Credit Card-as-a-Service
October 17, 2022  |  Credit Cards

Embedded finance platform Bond Financial Technologies has partnered with digital payment and banking technology provider i2c to launch credit card-as-a-service solutions.  Get the Full Story...

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Report: FTC Probes Visa, Mastercard Over Debit Security Tokens
Report: FTC Probes Visa, Mastercard Over Debit Security Tokens
October 17, 2022  |  Credit Cards

The Federal Trade Commission (FTC) is reportedly looking into whether Mastercard and Visa’s security tokens prevent debit-card routing competition on certain digital payments. Get the...

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PayPal Rolls out Rewards Program as Holidays Approach
PayPal Rolls out Rewards Program as Holidays Approach
October 17, 2022  |  Loyalty & Rewards

PayPal has launched a rewards program that lets customers earn, track and save rewards all from the PayPal app. Get the Full Story Complete the...

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Digital Wallets Account for 20% of All In-Store Payments in Germany, Highest in EU-5
Digital Wallets Account for 20% of All In-Store Payments in Germany, Highest in EU-5
October 16, 2022  |  Payment Methods

With nearly 29 billion debit and credit cards in circulation worldwide, cards power the digital economy. But as consumers warm up to alternatives, other payment...

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Amex: Perks Boost Diner Frequency
Amex: Perks Boost Diner Frequency
October 14, 2022  |  Loyalty & Rewards

Multinational financial services company American Express held its Member Week event, which ended Friday (Oct. 14). The promotions offered $25 statement credits for purchases of...

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