How you pay for that new sofa you just bought on Wayfair matters deeply to the bank that issued your credit card. Consumers have, on average, roughly three credit cards, making the one whipped out most frequently a driver of fees for the issuing bank....
Lithic has expanded its card issuing platform to enable FinTechs operating in the United States to issue cards on the American Express network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Nearly 8 in 10 U.S. consumers with credit cards have multiple cards. For issuers, this makes “top of wallet” status — being a consumer’s favorite way to pay — crucial to their bottom lines. Shoppers spend an average of nearly $2,000 each month on their...
Canadian bank CIBC has teamed with Mastercard on a new credit card offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...
Co-branded credit cards are having a moment as merchants see the value in branding and stronger customer relationships. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
A new report from PYMNTS Intelligence, in collaboration with Elan, explores consumer motivations and behaviors behind opening new credit cards, revealing the interplay between financial stability, spending habits and personal recommendations. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Positive credit trends contributed to “solid first quarter financial performance” at Discover Financial Services, Discover Interim CEO and President Michael Shepherd said in a Wednesday (April 23) earnings release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As the economy faces potential challenges, credit card companies are taking proactive measures to prepare for a downturn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Many consumers without traditional credit cards are more receptive to credit-like products such as store cards and buy now, pay later plans, signaling a potential opening for financial institutions willing to tailor their offerings. Get the Full Story Complete the form to unlock this article...
