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Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
July 12, 2024  |  Earnings

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers...

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JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
July 12, 2024  |  Earnings

JPMorgan’s latest results, released Friday (July 12), showed that consumers continued to use their cards in full force, for both debit and credit payments. And...

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Army & Air Force Exchange Service, Discover Expand MILITARY STAR Card Acceptance
Army & Air Force Exchange Service, Discover Expand MILITARY STAR Card Acceptance
July 12, 2024  |  Partnerships

Army & Air Force Exchange Service (Exchange) has teamed up with Discover Global Network to expand the acceptance of and add new technology to its...

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Discover: Tokenization Removes Friction for Card-Not-Present Transactions
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
July 10, 2024  |  Payments Innovation

Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens. Calling them “the magic behind payments,” Valeri Vanourek, vice president of...

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Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
July 08, 2024  |  Consumer Finance

Consumers were not shy about loading up on the cards in May. The latest data from the Federal Reserve, released Monday (July 8), show that...

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Commercial Bank of Dubai and Visa Partner on Credit, Debit Cards
Commercial Bank of Dubai and Visa Partner on Credit, Debit Cards
July 08, 2024  |  Partnerships

Commercial Bank of Dubai has partnered with Visa on credit and debit cards, core data assets and insights, and marketing initiatives. These efforts are part of...

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Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
July 08, 2024  |  VISA

There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services...

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Visa and Mastercard Will Keep EU Tourist Fee Cap 5 More Years
Visa and Mastercard Will Keep EU Tourist Fee Cap 5 More Years
July 05, 2024  |  Credit Cards

Visa and Mastercard have reportedly agreed to extend caps on tourist card fees in Europe. As Reuters reported Friday (July 5), the card companies and European Union regulators...

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Mastercard and LuLu Collaborate on Cardless Payments
Mastercard and LuLu Collaborate on Cardless Payments
July 05, 2024  |  Payment Methods

Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait,...

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