Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card late fees, banks are girding for the impact of the Federal Reserve’s updated Reg II proposal, which would cap debit interchange fees. This past October, the Fed unveiled its proposal to...
FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods. Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company announced in a Thursday (May 9) news release. The option will give borrowers more flexibility and...
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 in 5 cardholders. As PYMNTS Intelligence found in researching “Card-Linked Offer Growth Hinges on First-Time...
Few things must be as frustrating to an eCommerce merchant as cart abandonment. But, as PYMNTS Intelligence found in compiling its “How Preferred Payment Availability Can Reduce Cart Abandonment” report in a collaboration with Adobe, merchants shouldn’t take cart abandonment personally. Our data reveals that millennials...
May 13, 2024
Card-linked offers — promotions intended to entice consumers to use their credit and debit cards — are incredibly popular with consumers. That is, once they use them. According to PYMNTS Intelligence’s report “Card-Linked Offer Growth Hinges on First-Time Users,” after their first experience with card-linked offers, 93% of cardholders say they plan to leverage them […]
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...
February 12, 2024
State by state, limit by limit, the age of credit card surcharges may be drawing to an end. And while much depends on various legal outcomes, it is, ultimately, consumer...
October 19, 2023
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Next week, the...
May 09, 2024
FinTech-as-a-Service firm EarnUp is enhancing its platform to expand mortgage payment methods. Lenders and servicers using EarnUp’s platform can now enable borrowers to pay via text using their debit cards, the company announced in a Thursday (May 9) news release. The option will give borrowers more flexibility and convenience in managing their mortgage payments, the company said, and […]
April 18, 2024
Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card,...
February 14, 2024
Mastercard and the Bank of Punjab (BOP) have expanded their two-decade-long partnership to cover the commercial segment in Pakistan. This expanded partnership will include solutions for large corporate entities, small...
February 02, 2024
Beyond the debit and credit card issuance, beyond the consumer spending, the networks see growth ahead underpinned by new payment flows. The recent spate of earnings results from Mastercard and...
