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Vacation Expenses Add to Consumers’ Financial Stress as Holidays Approach
Vacation Expenses Add to Consumers’ Financial Stress as Holidays Approach
October 20, 2023  |  BNPL

As the holiday season and festivities draw near, consumers, particularly those living paycheck to paycheck, are bracing themselves for the added financial stress that accompanies...

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American Express Earnings Show Travel and Entertainment Spending Climbs 13%
American Express Earnings Show Travel and Entertainment Spending Climbs 13%
October 20, 2023  |  Earnings

The latest results from American Express show consumers are continuing to spend on leisure activities — and are using their cards to so. The company...

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Financial App Curve Selects Nuvei for Card Acquiring, Alternative Payments
Financial App Curve Selects Nuvei for Card Acquiring, Alternative Payments
October 19, 2023  |  Digital Payments

Curve, a fast-growing financial app, has selected Nuvei, a Canadian FinTech company, to provide card acquiring and alternative payment methods (APMs) for consumer fund transfers...

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Discover Expects Charge-Offs to Peak in Mid-2024
Discover Expects Charge-Offs to Peak in Mid-2024
October 19, 2023  |  Earnings

As 2023 winds down, Discover is eyeing 2024 and its increasing charge-off rate. “So what we’ve said previously is we expect charge-offs to peak sometime around the...

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Mastercard: AI Lets Us Prevent Payment Disruptions
Mastercard: AI Lets Us Prevent Payment Disruptions
October 19, 2023  |  artificial intelligence

Mastercard has unveiled new artificial intelligence (AI)-powered solutions to help banks provide “always-on” payments. “In today’s world where the payment ecosystem is highly distributed and increasingly...

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Ubiquity Drives Consumer Demand for Credit Card Installment Plans
Ubiquity Drives Consumer Demand for Credit Card Installment Plans
October 19, 2023  |  Payment Methods

Getting what we want — now — but paying later for it is top of consumers’ minds. Nandan Sheth, CEO at Splitit, told Karen Webster...

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40% of Millennials Tap Installment Plans to Improve Their Credit Scores
40% of Millennials Tap Installment Plans to Improve Their Credit Scores
October 16, 2023  |  Payment Methods

Installment plans have emerged as a popular payment method, offering consumers the flexibility to pay for their purchases over time, rather than upfront. This enables...

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Consumer Sentiment Study Sees Jump in Inflation One Year Out
Consumer Sentiment Study Sees Jump in Inflation One Year Out
October 13, 2023  |  Consumer Finance

Consumers don’t think the pressures on the household budgets are going to abate anytime soon. And certainly not in the next year. The University of...

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JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits
JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits
October 13, 2023  |  Earnings

Banking juggernaut J.P. Morgan Chase reported earnings on Friday (Oct. 13) that showed resilient card spending, but a drawdown of deposits and a gradual uptick...

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