Discover Financial Services posted first-quarter earnings results Thursday (April 24) that showed improving credit metrics, increased debit spending and higher deposits, ahead of its pending acquisition by Capital One. An earnings presentation showed that increased debit spending helped drive PULSE network volumes up 3% in...
Synchrony Financial’s first-quarter results indicated that consumers are pulling back on spending, particularly for larger ticket items, and have taken steps to pare down their credit card debt. The net result is that consumers are proving to be responsible stewards of their credit even amid...
Affirm will begin reporting all its pay-over-time loans to TransUnion, beginning with those issued May 1. The buy now, pay later (BNPL) provider’s expanded credit reporting will include its Pay in 4 and longer-term monthly installments, the companies said in a Tuesday (April 22) press...
Roughly two years ago, PYMNTS Intelligence, working in collaboration with Sezzle, found that 80 million U.S. consumers lacked reliable access to credit, which means that they’d been rejected upon applying for credit at least once in the then-recent past. The read across has been that...
April 24, 2025
Discover Financial Services posted first-quarter earnings results Thursday (April 24) that showed improving credit metrics, increased debit spending and higher deposits, ahead of its pending acquisition by Capital One. An earnings presentation showed that increased debit spending helped drive PULSE network volumes up 3% in the period, to $81.3 billion. During a conference call with […]
April 21, 2025
Through the past few weeks, bank earnings and American Express’ latest results point to a commercial lending environment where demand is muted in real estate, stronger in other sectors —...
April 17, 2025
The tariffs were on, then they were paused, and at the moment, the United States trade war is focused on China. Although some business owners are girding for a recession,...
April 14, 2025
Budget-conscious consumers reach for debit cards to maintain financial discipline, while the allure of rewards continues to fuel credit card use. The PYMNTS Intelligence report “How People Pay: Budgeting Anxiety...
April 22, 2025
Affirm will begin reporting all its pay-over-time loans to TransUnion, beginning with those issued May 1. The buy now, pay later (BNPL) provider’s expanded credit reporting will include its Pay in 4 and longer-term monthly installments, the companies said in a Tuesday (April 22) press release. While consumers will see details about all Affirm transactions […]
April 17, 2025
Barclays and private equity firm Brookfield Asset Management partnered to grow Barclays’ payment acceptance business and transform it into a standalone entity. The partnership brings together Barclays’ client relationships and...
April 17, 2025
Global Payments set the FinTech sector abuzz early Thursday (April 17) with a pair of sweeping transactions. It sold its issuer solutions business to FIS for $13.5 billion and simultaneously...
April 15, 2025
Instacart Business customers can now apply for invoicing, receive instant credit decisions and manage payments within the app, with no redirects or third-party logins. This pay-by-invoice offering is enabled by...
