34% of Consumers Haven't Heard of Card-Linked Offers – PYMNTS.com
Card-linked offers, or promotions aimed at encouraging consumers to use credit or debit cards, are very popular with consumers. That is, once you use it. According to PYMNTS Intelligence’s report, “Card-linked offer growth relies on first-time users,” 93% of cardholders plan to take advantage of a card-linked offer again in the near future after taking […]
Stand With Crypto Forms Political Action Committee – PYMNTS.com
non-profit organization support cryptocurrencies Reportedly established political action committee (PAC) to support candidates who Cryptocurrency and blockchain friendly. New PAC aims to raise money from Stand With Crypto’s 440,000 members, Reuters report Friday (May 10). “Our goal is to support candidates throughout November and support candidates who will protect the rights of Stand With Crypto […]
Mastercard Debuts Enhancements to FinTech Express and Engage Programs – PYMNTS.com
master Card introduces card issuance functionality to the FinTech Express platform. A payment giant has made it happen announcement It will take place on Thursday (April 25) as part of a broader rollout of enhancements to FinTech Express and its Engage program. The idea is to “make it even easier for fintech companies and enablers […]
CFPB Head Wary of Big Credit Card Mergers – PYMNTS.com
A major US consumer finance watchdog is skeptical of large-scale mergers between credit card companies. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expressed these concerns on Wednesday (April 24). interview In an interview with the Financial Times (FT), capital one Working towards completion of $35 billion acquisition Discover. “We need to carefully scrutinize what […]
Bankman-Fried Agrees to Help Sue Celebrity Crypto Promoters – PYMNTS.com
group of FTX Investors agreed to drop legal claims against Sam Bankman Freed. In return, the paper said, the disgraced former crypto exchange CEO will cooperate in an investor lawsuit against other defendants stemming from the FTX collapse, including It is said that this includes various celebrities who received compensation for the project. court documents […]
Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite – PYMNTS.com
In a sign of the continued pressure of the paycheck-to-paycheck economy, more consumers are making only minimum payments on their credit cards. And the debt on those cards is increasing. It’s becoming increasingly difficult to strike a balance between staying in credit card debt and falling into delinquency, so to speak. Delinquency is increasing. According […]
Bank Earnings May Highlight Digital Momentum – PYMNTS.com
Friday marks the start of earnings season. And, as always, every three months, big banks get a glimpse into the state of consumer spending and the continuation of the great digital shift that has helped power banking across online and in-person channels. can. On Friday (April 12th), you’ll see a report similar to the following: […]
Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud – PYMNTS.com
When reading about collaboration in the financial services industry, the topic usually centers around banks and fintech. But perhaps there is more to this story. A team effort between banks could be a welcome development if competitors collaborate and the topic turns to his identity fraud. That’s definitely the development that people are most concerned […]
NCR Voyix Says Open Banking Will Gain Wide Embrace in the US – PYMNTS.com
Shadi SaifanVice President of Engineering NCR Voicestold PYMNTS in an interview that bridging the gap between the promise of open banking and the realization of that promise is easier said than done, especially in the United States. He pointed out that in Europe, not only open banking principles, but also regulators and governments have played […]
FDIC Consent Orders Highlight FinTech Risk to Finance – PYMNTS.com
It is well documented that banks and fintechs, once primarily competitors, are collaborating on financial services innovation. But for banks that partner with these digital-only companies, regulators are also at play, which may require new approaches to how they build and maintain partnerships, and in turn, Banks may have to weigh risks and benefits. Call […]