Using technology to accurately match consumers with the most appropriate products increases sales conversion. For instance, although millennials are the least likely to own a credit card they are using credit to fund their social lifestyles, meaning they could be incentivised by a product that offers retail reward points at their favorite shops or restaurants. This would […]
Read MoreThe Credit Union Journal recently published an article on the growth of credit card lending at credit unions, which reached $59.8 billion in August 2018, up 8% from a year earlier and reaching pre-recessionary levels, according to the latest Credit Union Trends report published by CUNA Mutual Group.
Read MoreFor card issuers, there are three strategies for secured cards: 1) Issuers can invest in promising cardholders – or just cardholders capable of making a deposit. 2) Specialized secured card issuing companies can attract prospecitve cardholders with significant credit issues Credit unions can address their broad membership base. 3) Issuers would be on the
Read MoreStarting about three years ago, Americans were asked to insert or dip their credit cards at the checkout instead of swiping them. Now they’ll soon be tapping. Starting next year, New York’s subway will join other transit systems around the U.S. in introducing a new payment system that allows riders to tap their credit or […]
Read MoreMastercard is working to simplify the daily commute through its “Tap and Ride” program, available in more than 150 cities. A new global study shows that metro systems around the world are carrying close to 170 million passengers each day, and with that number only expected to grow, improving the speed and reliability of transit services […]
Read MoreFinancial institutions have two ways to grow credit card receivables and revenue: Acquire more cardholders or increase spend among existing ones. Of the two, investing in existing cardholders typically yields a higher return on investment.
Read MoreNew chip-enabled credit cards, which were rolled out to U.S. consumers starting in 2015, were supposed to put an end to rampant credit card fraud.So much for that.
Read More91% of SMBs will assign a business credit card to an employee. 75% of business cards accrue rewards for the company vs. holder. 36% of SMBs co-mingle personal funds with business funds Even large SMBs with $5-10mm in assets co-mingle (31%). Millennial SMB owners are especially likely to co-mingle (49%) Data for this episode of […]
Read MoreThe push towards tokenization removes the need for online retailers to store customer card details. Credit card firms in Australia are shifting towards a tokenization model, with both Visa and American Express making announcements in the last few days.
Read MoreWhen it comes to mobile payment apps credit and debit cards are dominant but how many cards do consumers load onto a mobile pay app? According to a Mercator Advisory Group survey… This episode of Truth In Data Provided by Mercator Advisory Group’s report – The Merchant Experience About the report Mercator Advisory Group’s latest […]
Read MoreDo consumers prefer credit or debit for the following online transactions?Online RetailBill PaymentTravelDigital ContentData for this episode of Truth In Data provided by Mercator Advisory Group’s report – U.S.
Read MoreAustralian internet stores will be stripped of their ability to store consumer credit card numbers on in-house IT systems under a radical payments security overhaul launched by Visa this week that mandates the use of tokens for online transactions.
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