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Ally Sells $2.3 Billion Credit Card Business to CardWorks

Ally Sells $2.3 Billion Credit Card Business to CardWorks
Ally Sells $2.3 Billion Credit Card Business to CardWorks
January 22, 2025  |  Partnerships

Ally Financial has sold its credit card business to consumer finance company Cardworks. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Generational Divide in Online Shopping? Not So Fast, Says New Report
Generational Divide in Online Shopping? Not So Fast, Says New Report
January 22, 2025  |  Credit Cards

Conventional wisdom is that younger generations are tech-savvy and the most willing to try new devices, apps and payment methods. Get the Full Story Complete...

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Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
January 21, 2025  |  Banking

Capital One’s fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping...

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66% of Consumers Look for Free Shipping When Online Shopping
66% of Consumers Look for Free Shipping When Online Shopping
January 21, 2025  |  eCommerce

When consumers are selecting an online store at which to make a purchase, free shipping is the offering that is most commonly on their checklist....

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American Express to Pay $230 Million to Settle Investigations Into Sales Practices
American Express to Pay $230 Million to Settle Investigations Into Sales Practices
January 16, 2025  |  Credit Cards

American Express said Thursday (Jan. 16) that it expects to pay $230 million to settle previously disclosed investigations by the U.S. Department of Justice and...

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Synchrony Gives Customers Access to Apple’s Pay Later
Synchrony Gives Customers Access to Apple’s Pay Later
January 16, 2025  |  BNPL

Synchrony is giving certain customers access to the Pay Later feature of Apple Pay. Get the Full Story Complete the form to unlock this article...

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Citi Sees Growth Ahead From ‘High-End’ Consumers
Citi Sees Growth Ahead From ‘High-End’ Consumers
January 15, 2025  |  Earnings

Citigroup’s fourth-quarter earnings results were part of a trend in banking reports Wednesday (Jan. 15), where consumer spending continued to drive momentum on cards, the...

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Barclays, Synchrony Reportedly in Talks With Apple as Goldman Sachs Eyes Partnership
Barclays, Synchrony Reportedly in Talks With Apple as Goldman Sachs Eyes Partnership
January 15, 2025  |  Earnings

Goldman Sachs’ partnership with Apple that manages the Apple Card may end before 2030, Goldman Sachs CEO David Solomon said Wednesday (Jan. 15). Get the...

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