PYMNTS

NOVEMBER 18, 2020

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of New York. Non-housing balances — credit cards, auto loans, student debt — are up $15 billion. percent, but down 0.2

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PYMNTS

NOVEMBER 15, 2020

consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank card loans, The Financial Times (FT) reports. According to the report, the total amount of card loans in U.S. Revolving debt was down $9.4

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Accenture: Banking

NOVEMBER 16, 2021

The post Q3 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog. Purchase Volume growth continues to be quite strong, with all issuers reporting 15%+ YoY growth; AmEx and Chase, in particular, reported over 30% YoY growth.

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Accenture: Banking

DECEMBER 1, 2020

The post Q3 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog. Key themes Purchase volume experienced a significant rebound in Q3 relative to Q2, as pandemic lockdowns generally eased during the quarter; spend has not yet recovered to pre-pandemic levels – all issuers reported negative YoY growth.

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US Cards Data Report 222

Accenture: Banking

SEPTEMBER 16, 2021

The post Q2 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog. Key themes Purchase volume has continued to exhibit a strong rebound (up 20%+ QoQ for all issuers) and has largely returned to pre-pandemic levels; American Express, in particular, points to a healthy return of T&E spend as a growth driver.

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US Cards Payments 222

Accenture: Banking

AUGUST 31, 2020

The post Q2 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog. Alliance Data and American Express, in particular, experienced a 30%+ decline in spend YoY, driven by the headwinds of store-based retail (ADS) and T&E sectors….

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US Cards Retail Data 222

Accenture: Banking

MAY 26, 2022

US credit card issuer snapshot appeared first on Accenture Banking Blog. AmEx reported particularly strong growth of nearly 38% on spend and 22% on receivables due to a resurgence of travel spend.? Net Charge-Offs continue to remain…. The post Q1 2022?

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US Cards Report Payments 195

PYMNTS

DECEMBER 14, 2020

Chase Bank and Mastercard have partnered with Air Canada to introduce the airline’s Aeroplan credit card in the U.S. Chase’s many strengths, including digital innovation, customer service excellence, and a world-class brand, will help us deliver a best-in-class product for U.S.-based issuers at Mastercard. . and is the U.S.

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District of Columbia Cards US Branding 230

Accenture: Banking

FEBRUARY 18, 2022

The post Q4 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog. Purchase Volume growth continues to be strong with issuers reporting 15%+ YoY growth; AmEx in particular reported over 35% YoY growth as a result of improved travel spend and strong goods and services spending.? Net Charge-Offs….

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US Cards Report Payments 195

Payments Dive

JANUARY 4, 2021

general manager at Paysend and has nearly 30 years of financial services experiences, most recently serving as president of Catalina Card Services. He founded and led AccountNow, the first online D2C prepaid debit card company in the U.S., Matt shares with us his hope for the future. Matt Montes is U.S.

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Payments Dive

MAY 8, 2024

accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.

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Cards Report US Marketing 195

Bank Innovation

FEBRUARY 20, 2020

Rapyd, a startup that converts international payments, announced a partnership with Visa this week to grow its card issuing business. “A A major opportunity for us, and we’re seeing this around the world from a sheer use-case perspective, is card issuing,” said Marc Winitz, chief marketing officer at Rapyd.

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Cards US Marketing Payments 284

PYMNTS

JANUARY 18, 2021

Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report.

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Cards Payments Technology Compliance 270

PYMNTS

DECEMBER 14, 2020

Molnar said Afterpay is not only benefiting from its easy-to-use platform, but also from the fact that consumer preference has shifted toward using debit over credit. Ninety percent of our transactions are paid with a debit card, not a credit card,” Molnar said. million U.S. Lower Loss Rates.

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US Retail Cards Millennials 322

PYMNTS

OCTOBER 6, 2020

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. Splittable Card Payments . Instead, Venmo’s entire DNA is digital. Designing In Choice.

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Cards Mobile User Experience Payments 313

Payments Dive

DECEMBER 17, 2019

Despite the plethora of payment choices we have today, many of us are still using our debit cards. Carol Specogna, Fiserv's VP of card services, gives an overview of the market and talks about new technologies that FIs can leverage to boost their debit card revenue.

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Technology Cards US Marketing 244

PYMNTS

AUGUST 12, 2020

Nium , the global FinTech platform, announced in a press release emailed to PYMNTS that users will be able to make payments through Google Pay with its company Visa cards. The Google Pay partnership lets those cards work through many more payment terminals and options.

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Google Cards Payments US 265

PYMNTS

JANUARY 27, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement. It took us several months before we hit our groove working remotely.

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Innovation Cards eBook Video 255

PYMNTS

NOVEMBER 5, 2020

Visa seeks to buy Plaid — as its CEO said — as an ‘insurance policy’ to neutralize a ‘threat to our important US debit business,’” the Justice Department said in its lawsuit, filed in San Francisco federal court. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3

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PYMNTS

DECEMBER 11, 2020

I don’t foresee us reverting to the way it used to be even after the pandemic is over and we are able to walk around without masks on.”. 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.

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Cards United States Strategy Online 291

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov. Three Components .

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Cards Payments Mobile Management 287

Perficient

JANUARY 24, 2023

As a baseball card collector since childhood, I remember when eBay opened its URL back in 1995. One could buy and sell baseball cards on the site but had to mail a check, or await the arrival of a check, via snail mail. Baseball card heaven for both buyer and seller. Consider the evolution of eBay.

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Branding Cards Strategy US 472

PYMNTS

JULY 14, 2020

Customers can either round up their bills to the nearest dollar and give the excess to charity or get their change stored on loyalty cards. In all staffed lanes, coin change owed to the customer can be applied to your loyalty card and can be used on your next in-store, Pick-Up or Delivery purchase. If the U.S.

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Retail US Cards United States 290

PYMNTS

JULY 9, 2020

Accrualify , which works in cloud-based solutions for mid- and enterprise-level companies, is launching a new corporate card in partnership with Visa , according to a press release. The intent of the card is to boost options for spend control for corporate finance teams.

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Cards Resources Trends Leadership 229

PYMNTS

JANUARY 20, 2021

Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card. He cited the National Retail Federation , which found gift cards have been a top gift for over a decade. “If

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Taxes Cards social media Management 233

Bank Innovation

MARCH 6, 2020

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments.

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Strategy US America Cards 293

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.

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Cards Innovation United States Branding 248

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. The silver lining for us has been Jack Henry,” Waterhouse told Webster.

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US Payments Maine System 345

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 Today, it offers a credit card and processes payments for customer bills.

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Cards Payments Seattle Online 235

PYMNTS

NOVEMBER 16, 2020

Will POS terminals without a clear purpose make us long for the days of swiping plastic, punching buttons and squinting at tiny screens? In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc. In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc. In a word: no.

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Cards Payments Innovation Customer Experience 239

Payments Dive

APRIL 6, 2022

While overall Russian card payments volume is expected to decline as U.S. card companies exit the country, Russia's Mir payments system and related cards may benefit, according to new research. payments companies are expected to forgo about $2.4 billion in annual revenue.

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Bank Innovation

DECEMBER 12, 2019

based card startup Curve is launching payments through wearables, including on Garmin, Fitbit and Sony Wena devices. Th company offers a physical and digital card that consolidates multiple bank accounts and cards into one payment vehicle, supported by Mastercard.

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Payments US Cards Company 259

PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. The corporate card is going through a change this year, like many other parts of the business world.

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Cards Payments Innovation Regional 221

PYMNTS

AUGUST 31, 2020

In a move that provides customers with more ways to receive rewards, Sally Beauty Supply and Cosmo Prof unveiled their inaugural credit card program. Those who have Sally Beauty and Cosmo Prof cards get access to benefits like a discount off their purchase of at least $50 when they open and utilize their cards.

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Cards US Company Retail 220

PYMNTS

AUGUST 3, 2020

With one in five workers collecting jobless benefits thanks to the pandemic, banks braced for increased credit card debt and delinquencies as families struggled to pay bills. total outstanding credit card debt fell by $100 billion, or 11.4 The decline in credit card debt is not limited to the U.S. She’s back to work.

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Cards Atlanta Report Data 243

PYMNTS

NOVEMBER 19, 2020

already use the digital payments service at least once a month to send money to family members and other people, according to PayPal. In order to send money through Xoom , users will now only need the debit card or bank account number of their friend or family member. More than a third of Xoom users across the U.S.

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United States US Mobile Cards 263

PYMNTS

SEPTEMBER 17, 2020

The way the rewards programs work is that airlines sell miles to banks, and the banks use them as credit card rewards to attract the wealthier customers they want as cardholders. where there are no caps on credit card transaction fees, FT reported. The loyalty programs are especially golden in the U.S.,

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