U.S. credit card companies are scrambling to get households to borrow more as families participate in the country’s economic rebound using money they saved during the pandemic rather than the fresh borrowing that usually accompanies and drives economic upticks, the Financial Times (FT) reported. Get...
Mastercard has unveiled a new credit card it says will help renters make down payments on a future home. 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...
American Express Co. and Synchrony Financial are among banks bidding for Amazon’s credit card business, which is currently handled by J.P. Morgan Chase, Bloomberg reported on Wednesday (June 9), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As economies reopen, businesses hire and the worst of the pandemic seems to be behind us, consumers are getting ready to resume spending – on their cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With small businesses reportedly optimistic in the face of loosened pandemic restrictions, Barclaycard has introduced a credit card designed to help them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
What do Tesla and incumbent OEMs have in common with FinTechs, community banks and legacy credit platforms? It may not seem to be a reasonable comparison at first, but Tesla saw a market opportunity, applied new technology and opened new distribution channels to deliver a...
Financial Technology (FinTech) company Petal — a startup that aims to shake up the world of credit cards — has launched a new company called Prism Data, which offers a “cash flow-based underwriting technology.” Prism Data will mean that Petal’s technology will be available to...
In the newest potential move from Goldman Sachs Group Inc. to extend farther into consumer finance, the bank is in discussions with JetBlue Airways Corp. in regard to taking charge of the air carrier’s credit card program, The Wall Street Journal reported, citing unnamed sources....
Wells Fargo has decided to keep its private-label credit card business after testing the market for a possible sale, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
