Credit Cards news and trends

Synchrony Expands CareCredit to More Dental Practices
Credit Cards // May 02, 2024

Consumer financial services company Synchrony has teamed with dental practice-focused healthcare firm Affordable Care. The collaboration will make CareCredit, Synchrony’s health and wellness credit card, available as a payment option at more than 450 dental practices to help them finance dental implants and dentures, according to a Thursday (May 2)...

Data Revolution Adds Stability to Uncertain Financial Transactions
Opinion // May 02, 2024

In the new PYMNTS eBook, “The Implications of Uncertainty,” Thredd Chief Administrative Officer Oliver Dean explores how data analytics and AI have transformed the card payments industry.   Continued uncertainty in the market and our geopolitical landscape is one of the few things that we...

Mastercard: Tokenized Transactions Grow 50% Year Over Year
Earnings // May 01, 2024

Mastercard said in its most recent earnings report on Wednesday (May 1) that the shift to digital payments from cash is gaining strength, and contactless and tokenized transactions are proving to be strong tailwinds. Worldwide gross dollar volume (GDV) increased by 10% year over year...

Report: Goldman Could Hand off GM Card to Barclays
Banking // April 30, 2024

Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest in its long-term project to move away from consumer lending, the Wall Street Journal (WSJ)...

Interviews & Exclusives
Data Revolution Adds Stability to Uncertain Financial Transactions

May 02, 2024
In the new PYMNTS eBook, “The Implications of Uncertainty,” Thredd Chief Administrative Officer Oliver Dean explores how data analytics and AI have transformed the card payments industry.   Continued uncertainty in the market and our geopolitical landscape is one of the few things that we can be certain of. How businesses navigate turbulence and start […]

1 in 4 Consumers Prefer Credit Cards From Local Banks or Credit Unions

April 29, 2024
According to PYMNTS Intelligence, credit unions (CUs) and community banks continue to gain traction in the consumer credit card space. As we found in researching “Credit Unions and Community Banks...

44% of Consumers Need Multiple Prompts for Card-Linked Offers

April 26, 2024
Card-linked offers — those special promotions designed to encourage consumers to use their credit and debit cards at specific locations or for specific items — are used by about 2...

Post-Purchase Financing Ushers In a New Era of Lending

April 01, 2024
The cart doesn’t lead the horse, which is why payments innovations tend to check the boxes that end users need most. And sometimes the smallest boxes, or micro moments, can...

Quick Reads
Synchrony Expands CareCredit to More Dental Practices

May 02, 2024
Consumer financial services company Synchrony has teamed with dental practice-focused healthcare firm Affordable Care. The collaboration will make CareCredit, Synchrony’s health and wellness credit card, available as a payment option at more than 450 dental practices to help them finance dental implants and dentures, according to a Thursday (May 2) press release. “The high price of care is prohibitive for […]

Report: Goldman Could Hand off GM Card to Barclays

April 30, 2024
Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest...

Mastercard and PrestaShop to Deploy Click to Pay in Europe

April 29, 2024
ECommerce solution provider PrestaShop has partnered with Mastercard to offer Click to Pay in Europe. The Click to Pay functionality will be integrated into the PrestaShop platform for merchants based...

Credit Card Delinquencies Dip Amid Continued Consumer Spending

April 29, 2024
Credit card delinquency rates fell last month as consumers continued to spend. As Seeking Alpha reported Sunday (April 28), the average delinquency rate dipped from 3.09% in February to 2.92%...