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Disposable Personal Income Growth Lags Pace of Inflation
Disposable Personal Income Growth Lags Pace of Inflation
October 27, 2023  |  Economy

Inflation is strong. Consumer spending is strong. Disposable income growth isn’t keeping pace. And personal saving as a percentage of disposable income is declining. To...

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Capital One Reports Delinquency Rate Back to Pre-Pandemic Level
Capital One Reports Delinquency Rate Back to Pre-Pandemic Level
October 26, 2023  |  Consumer Finance

The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. The 30-day performing...

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Bread Financial Reports Economic Pressures Driving Higher Delinquency Rate
Bread Financial Reports Economic Pressures Driving Higher Delinquency Rate
October 26, 2023  |  Earnings

Bread Financial Holdings reported that its credit card net loss rate in September was slightly lower than it was a year ago while its delinquency...

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Mastercard Says Consumer Spending Decelerates in October
Mastercard Says Consumer Spending Decelerates in October
October 26, 2023  |  Earnings

Mastercard has pointed to a “resilient” consumer, buoying the latest quarter’s results. But management noted on the conference call with analysts that spending is decelerating...

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Visa Direct Transactions Grow 19% Year Over Year, Credentials Up 7%
Visa Direct Transactions Grow 19% Year Over Year, Credentials Up 7%
October 24, 2023  |  VISA

Visa posted results after the markets closed Tuesday (Oct. 24) that showed a continued enthusiasm for Tap to Pay transactions in in-store settings across the...

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Venmo Remains on Top in PYMNTS Credit Card Apps Ranking
Venmo Remains on Top in PYMNTS Credit Card Apps Ranking
October 24, 2023  |  Mobile Applications

This month in the PYMNTS Provider Ranking of Credit Card Apps we don’t see a lot of movement in terms of rankings, but we do see some...

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Fiserv and Melio Partner to Help Banks Serve Small Businesses
Fiserv and Melio Partner to Help Banks Serve Small Businesses
October 23, 2023  |  Commercial Payments

Fiserv, a global provider of payments and financial services technology solutions, has partnered with Melio, a B2B payments platform, to help financial institutions streamline accounts payable...

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Marqeta Unveils Enhanced Credit Card Issuing Platform
Marqeta Unveils Enhanced Credit Card Issuing Platform
October 23, 2023  |  Credit Cards

Card issuing company Marqeta has debuted a new credit card issuing platform. The launch, announced Monday (Oct. 23), adds intuitive credit card program management tools...

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Buy Now, Pay Later Is Having Its Kleenex Moment
Buy Now, Pay Later Is Having Its Kleenex Moment
October 23, 2023  |  BNPL

Kimberly Clark introduced Kleenex in 1924 as a product used by movie stars instead of face cloths to remove their makeup and keep their skin...

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