Consumer confidence is nearing an 18-year high. Unemployment figures are at record lows. Retail spend is healthy, and expected to stay that way through the back-to-school and holiday shopping booms. Translation for credit card issuers? The swiping and spending continue.
Read MoreAre you satisfied with your credit card? If you don’t have a Discover, American Express or Barclays card, you might not be. That’s because according to J.D. Power’s 2018 Credit Card Satisfaction Study, those 3 card issuers are the best for customer satisfaction. J.D.
Read MoreIn the wake of mobile wallets, cash-sharing apps, and cryptocurrency, credit cards are transforming. Consumers may seem to be tapping more than they’re swiping these days, but credit cards aren’t going away just yet. In fact, a TransUnion report from earlier this year found to be at an all-time high.
Read MoreWith the rate of delinquent credit card holders slowly rising, some banks are scaling back on opening new accounts. Last year, it was reported that credit card debt had surpassed the 1 trillion mark in the U.S., becoming the third consumer lending category that has surpassed 1 trillion in debt in the last few years.
Read MoreA growing number of U.S. financial institutions – including Citigroup, Bank of America, and Wells Fargo – are empowering their customers to fight fraud by giving them an on/off switch for their debit and credit cards. By using an app or going online, customers can temporarily turn off their cards so they can’t be used […]
Read MoreThe U.S. credit card processing industry resumed its growth trajectory after a seasonally slow first quarter to reach a record 927 billion in purchase volume over Q2 2018. This represents an almost 10 jump from the figure of 844 billion in Q2 2017 and 846 billion in Q1 2018. Given that the U.S.
Read MoreGreece’s revenue authority is running a new campaign to tell millions of visiting tourists about claiming receipts while in the country.
Read MoreVisa and Mastercard agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders. The U.S. companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.
Read MoreThe tiny, portable credit card readers you use to pay at farmer’s markets, bake sales, and smoothie shops are convenient for consumers and merchants alike.
Read MoreCommonwealth Bank of Australia chief executive Matt Comyn has welcomed a push to create a new open access regime for the New Payments Platform (NPP), but vigorously slapped down a bid to kill interchange fees on electronic payment cards.
Read MoreFrom the market which brought cost accounting to credit card interchange, comes a credit card killer: do not reduce interchange, eliminate it. Here is the final report.
Read MoreVisa, Mastercard and American Express have been campaigning to enter China for years. After more than a decade of trying, they may have missed their chance. Beijing has repeatedly signaled it will open up foreign access to its credit card market, and in 2017 it opened the door for American card companies to apply for […]
Read More
