debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards

Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
June 29, 2020  |  News

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the...

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US Consumers Defer Payments On More Than 100 Million Loans
US Consumers Defer Payments On More Than 100 Million Loans
June 18, 2020  |  Loans

There are now more than 100 million skipped payments on student loans, auto loans and other kinds of debt, according to a report by The...

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FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
June 17, 2020  |  Bank Regulation

U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year,...

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New Report: How Flexible-Payment Options Are Giving DIY Projects An Assist
New Report: How Flexible-Payment Options Are Giving DIY Projects An Assist
June 17, 2020  |  BNPL

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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Will ‘Zombie Companies’ Eat The US Economy?
Will ‘Zombie Companies’ Eat The US Economy?
June 16, 2020  |  Economy

You know the setup — the one that’s part of seemingly every horror movie ever made. Would-be victims use their wits to outrun hordes of...

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Mall Of America’s Mortgage Payments Reportedly Overdue
Mall Of America’s Mortgage Payments Reportedly Overdue
June 16, 2020  |  Debt

Minnesota’s Mall of America, one of the nation’s largest shopping centers, missed its third payment on its $1.4 billion mortgage, Bloomberg reported. Get the Full...

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Travelex Ditches Sale After Banks Reject Offers
Travelex Ditches Sale After Banks Reject Offers
June 16, 2020  |  Partnerships

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the...

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US Household Net Worth Drops Record 6.5 Pct In Q1
US Household Net Worth Drops Record 6.5 Pct In Q1
June 14, 2020  |  Economy

Stimulus payments to taxpayers totaling $267 billion was not enough to avoid a decline in household net worth in the first quarter on 2020, the...

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