Credit card spending topped $13T last year: FIS report
Payments Dive
MARCH 28, 2023
Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Payments Dive
MARCH 28, 2023
Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
JANUARY 28, 2021
It is well known that shoppers tend to behave differently online than they do in brick-and-mortar stores — and this extends to how they choose to pay at checkout. One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards.
South State Correspondent
OCTOBER 16, 2024
While there are many overlooked products in banking, the debit card is perhaps the greatest. The product generates significant fees and helps drive deposit balances, yet debit cards rarely get a mention in strategy, marketing, or customer profitability circles. Debit Card Profitability We will start with debit card profitability.
PYMNTS
AUGUST 11, 2020
Apple has added a new one-click payment option to its online store for users of the Apple Card , according to a 9to5Mac report. Those using the card can now check out by just clicking the option for the Apple Card when buying something through the Apple online store.
PYMNTS
JULY 21, 2020
Apple Card users say reporting of their credit card use is now appearing on Experian, the consumer credit reporting company, AppleInsider reported. Reporting of the Apple-branded credit card user’s information had been limited to TransUnion, the Chicago-based consumer credit reporting agency.
PYMNTS
DECEMBER 10, 2020
It has been suggested that millennials are averse to having and using credit cards. Millennials are in fact as likely as other generations to have credit cards, with nearly nine out of 10 having at least one card, according to PYMNTS’ latest research. To learn more, download the report.
PYMNTS
OCTOBER 23, 2020
Apple Card users are complaining that a glitch is preventing them from using the payment method on Amazon — and the option vanished as a choice without warning or reason, according to media reports on Friday (Oct. My Apple Card has been removed from my Amazon Wallet. Just checked as well.
PYMNTS
DECEMBER 17, 2020
Citi has rolled out its new Citi Fleet Card in Europe and the United Kingdom, with a new solution that brings together a contactless-enabled card with a mobile program. Salon division was among the first Citi customers to go online with the offering, according to a Thursday (Dec. Kao EMEA's U.K. 17) announcement.
Payments Dive
JULY 25, 2017
A new survey has revealed consumers have major concerns about the security of their payment card data. Download our new report which summarizes the key findings, including instore payments vs online, where responsibility lies and rates of fraudulent card use
PYMNTS
DECEMBER 4, 2020
The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. Morgan’s card-present and card-not-present processing scale can provide uniquely valuable insight into consumer spending during the peak holiday shopping season,” Smith said. . As the No. trillion, J.P.
PYMNTS
SEPTEMBER 18, 2020
Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. And 60 percent of surveyed firms selling across online marketplaces would take their business to one that offers real-time settlement.
PYMNTS
APRIL 17, 2020
To reportedly help it compete with Apple Pay and the Apple Card, Google is creating its own tangible and virtual debit cards. The tech company’s debit card will have the brand of Google along with its partnered financial institution; however, it is not known what the offering’s name will be.
PYMNTS
DECEMBER 10, 2020
TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. However, TSYS said the malware didn't jeopardize card data and that the attack had only targeted the company's administrative wing. "We This matter is immaterial to the company.”.
PYMNTS
DECEMBER 11, 2020
Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Digital Gift Cards ’ Growth. For instance, people are simply directing more spend at gift cards this holiday season. Not All ‘Gift’ Cards Are Gifts .
PYMNTS
MAY 16, 2019
Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.
BankBazaar
NOVEMBER 4, 2024
Choosing a paid Credit Card can enhance your financial well-being through superior rewards, exclusive perks, and improved customer service – often making it worth the annual fee. Are you grappling with the decision of whether to opt for a paid Credit Card with an annual fee or a lifetime-free card?
Bank Innovation
FEBRUARY 2, 2018
As online banking becomes more popular, countries are grappling with cybersecurity. In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday.
PYMNTS
DECEMBER 21, 2020
JCB , a Japanese card provider, is developing a blockchain B2B payment offering specifically for netting trades between two parties. JCB is teaming with LayerX , a local company, on the offering, Ledger Insights reported. Not many particulars of the effort were available, according to the report. million cardholders and $321.6
PYMNTS
APRIL 9, 2020
million ransom to get their systems back online, The Wall Street Journal reported. The cybercriminals demanded $6 million in ransom with a promise that they would not release the sensitive information of Travelex customers, including birthdates and credit card numbers.
PYMNTS
DECEMBER 15, 2020
Barclaycard is launching a new program, Barclaycard Precisionpay Go, to let companies issue virtual cards for employees' online purchases, according to a press release. Visibility will be available as soon as a payment is made, as well, and users can upload receipts alongside the transactional information in the SNAP reporting program.
PYMNTS
JULY 15, 2020
Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs , Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July 15). To use Apple Pay, customers tap the card icon in the Afterpay app, which then activates the Afterpay card in the Apple wallet.
PYMNTS
OCTOBER 1, 2020
Goldman Sachs has beat out competitor Barclays to buy General Motors (GM)'s credit card business, according to a report from The Wall Street Journal (WSJ). billion in spending per year, WSJ reported. billion in spending per year, WSJ reported. The purchase will go through for approximately $2.5
PYMNTS
OCTOBER 7, 2020
Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs. American Express rolled out co-branded cards with Amazon for British SMBs.
PYMNTS
AUGUST 14, 2020
“Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. The Challange With Card-Not-Present Transactions . But the pandemic has accelerated that shift “by several years easily.”.
PYMNTS
DECEMBER 6, 2019
An average of 14 percent of consumers per day reported making zero payments. However, the study reported that the number still is less than the 46 payments reported in October 2016. However, the study reported that the number still is less than the 46 payments reported in October 2016. And consumers in the U.S.
PYMNTS
OCTOBER 2, 2020
Amazon India has introduced a way for customers to pay their credit card bills through Amazon Pay , the eCommerce company’s payments arm. The feature allows making payments for any credit card bill via UPI or internet banking. “As Four years ago, Amazon introduced its Amazon Pay digital wallet to increase online payments.
PYMNTS
JUNE 25, 2019
Walmart will now accept SNAP (Supplemental Nutrition Assistance Program) to pay for online grocery orders at all of its pickup locations, according to a report. Placing an order with SNAP is just like ordering with a debit or credit card. When the customer gets to the store, they give their EBT card to a store associate.
PYMNTS
SEPTEMBER 20, 2020
Cape , a new Australian FinTech made up of professionals in finance, is debuting its new “recession fighting” credit card, powered by open banking and intended to allow access to new functions like buy now, pay later (BNPL), according to a report from AltFi. Common plans offer four-installment payments as ways to buy items.
Javelin Strategy & Research
NOVEMBER 8, 2024
Banner Section Home Rss.xml Annual Trends Reports Javelin's experts dive into the digital financial services trends and predictions they see coming in the new year. With one report per practice area, we offer strategic insights across Digital Banking, Fraud & Security, Payments, and Wealth Management.
PYMNTS
APRIL 22, 2020
Paay, a startup credit card database storing millions of transactions, has been unsecured for weeks and only now closed again, according to a TechCrunch report. According to report, the data contained a trove of information dating back to Sept. A security researcher, Anurag Sen, accessed the files and estimated around 2.5
PYMNTS
OCTOBER 5, 2020
Cybercriminals deploy a variety of tactics to process their ill-gotten gains, ranging from techniques as basic as exchanging gift cards to ones as advanced as setting up fake eCommerce storefronts. Online commerce has surged in popularity as the pandemic has limited store traffic, with online marketplaces expected to generate $4.5
PYMNTS
NOVEMBER 16, 2020
They have paid down their credit cards. The main one centers on the drop in credit card spend. A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019.
TheGuardian
MAY 15, 2021
Customers have reported problems with the bank’s telephone, branch, online and card services Santander has apologised for a “technical problem” which left some customers unable to make payments online or buy food at the supermarket on Saturday. Continue reading.
PYMNTS
MAY 5, 2020
The shift to online commerce in the wake of the coronavirus pandemic is unprecedented. We’re doing more of everything online, especially transacting. Many merchants are trying very quickly to establish themselves with an online presence,” said Quevedo. Hiding In Plain Sight?
PYMNTS
SEPTEMBER 8, 2020
To better understand these COVID-era phenomena, PYMNTS’ September 2020 How We Shop Report: Measuring The Rapid Digital Shift , done in collaboration with and supported by PayPal , surveyed nearly 2,200 U.S. The extent to which consumers have gone online to shop and pay depends on the type of purchase being made, however.”.
PYMNTS
NOVEMBER 16, 2020
In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc. Physical cards are changing form, as some NFC-capable mini-cards are being embedded in rings and other wearables. This development is fitting, considering the degree to which commerce has shifted online since the pandemic. told PYMNTS.
PYMNTS
MAY 19, 2017
WEX Australia has introduced an online platform connected to its Motorpass fuel cards, the company announced Thursday (May 18). She added that the launch of the Online Service Center is part of WEX’s broader “digital transformation,” which has been in progress for the last few years.
PYMNTS
NOVEMBER 11, 2020
As online shopping becomes the norm, Amazon is courting food stamp shoppers, according to a report by Bloomberg. s ShopRite stores, participates in a pilot program that lets EBT card users buy groceries online for delivery or pickup, Bloomberg reported. More than 1 million U.S. More than 1 million U.S.
PYMNTS
MAY 27, 2020
Among the numerous ways small businesses have been affected by the global pandemic, the sudden race to launch online operations has been among the most profound — and may ultimately be among the most long-lasting changes to the SMB community. “It does seem absolutely logical, up until the point that you start calculating costs.”
PYMNTS
JANUARY 13, 2021
All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. Small Business Card Use On The Rise. Use of a charge card similarly grew year over year from 23 percent to 31 percent.
PYMNTS
OCTOBER 5, 2020
5) it has introduced its first-ever credit card issued by Synchrony and powered by the Visa network, according to a press release emailed to PYMNTS. The Venmo Credit Card lets Venmo's more than 60 million customers to shop, share or split purchases and earn cash back wherever Visa credit cards are accepted, the release stated.
PYMNTS
FEBRUARY 4, 2020
The changes, reported by Bloomberg, outlined in a document sent by the payments giant to banks, would be the most sweeping structural change in a decade. pay to accept Visa cards. As reported, the swipe fees, which are charged each time a customer uses a card to pay, would go up or down depending on the setting or merchant category.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content