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UK Regulator Fines Barclays $10.3M for Violating Card-Fee Rules
UK Regulator Fines Barclays $10.3M for Violating Card-Fee Rules
December 02, 2022  |  Bank Regulation

The U.K.’s payments regulator has fined Barclays 8.4 million pounds ($10.26 million). In a Thursday (Dec. 1) press release, the Payment Systems Regulator (PSR) said...

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The Greatly Exaggerated Demise of Alexa, eCommerce and the Card Networks
The Greatly Exaggerated Demise of Alexa, eCommerce and the Card Networks
November 28, 2022  |  Platform Payments

Almost 57 years ago to the day, the 1960’s rock band The Byrds appeared on the Ed Sullivan Show to sing their number one hit...

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Retailers’ Success Could Come Down to the ABCs This Year
Retailers’ Success Could Come Down to the ABCs This Year
November 26, 2022  |  News

With all due respect to Alec Baldwin’s legendary “Always Be Closing” monologue from the film Glengarry Glen Ross, the ABCs of holiday shopping have gotten...

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TD Bank Renews Nordstrom Credit Card Collaboration
TD Bank Renews Nordstrom Credit Card Collaboration
November 23, 2022  |  Credit Cards

TD Bank is extending its credit card program with Nordstrom, serving as the exclusive issuer of the luxury retailer’s Visa and private label cards. “We...

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NY Fed: Consumers Stick With Credit Cards as Balances Grow
NY Fed: Consumers Stick With Credit Cards as Balances Grow
November 21, 2022  |  Credit Cards

Consumer credit demand has been on the decline this year, except when it comes to new applications for credit cards. That’s according to the latest...

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Holiday Spending out of Reach for Millions of Households This Year
Holiday Spending out of Reach for Millions of Households This Year
November 21, 2022  |  Economy

Visions of sugarplums could be the only thing millions of Americans can count on getting during the 2022 holidays, as new PYMNTS data has uncovered...

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Is Higher Fraud Risk an Unintended Consequence of Fed’s New Debit Routing Rule?
Is Higher Fraud Risk an Unintended Consequence of Fed’s New Debit Routing Rule?
November 18, 2022  |  Fraud Prevention

Last month, the Fed said it was officially ending debit network exclusivity across all channels. Beginning in 2023, all debit card issuers must enable merchants...

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Half of Financially Distressed Consumers Plan to Finance Holiday Purchases
Half of Financially Distressed Consumers Plan to Finance Holiday Purchases
November 16, 2022  |  Consumer Finance

With the shock waves of inflation continuing to weaken spending power, most United States consumers are toning down their expectations for the 2022 holiday shopping...

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Paycheck-to-Paycheck Economy’s Gloom Is Bad News for Retailers
Paycheck-to-Paycheck Economy’s Gloom Is Bad News for Retailers
November 09, 2022  |  Economy

The paycheck-to-paycheck economy is bifurcating as inflation rages and consumers fret over an uncertain future, with one group of customers who cannot spend, and another...

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