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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). “We have...

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JPMorgan Reports Bounce in Credit and Debit Sales on ‘Healthy’ Consumer Spending
JPMorgan Reports Bounce in Credit and Debit Sales on ‘Healthy’ Consumer Spending
January 15, 2025  |  Earnings

J.P. Morgan Chase’s fourth-quarter earnings results showed continued momentum in consumer spending, with increased credit and debit card use. Consumers also drew down their deposit...

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Small Banks and Credit Unions Turn to Direct Issuing for Top-of-Wallet
Small Banks and Credit Unions Turn to Direct Issuing for Top-of-Wallet
January 15, 2025  |  Credit Cards

For banks and credit unions looking to modernize, the timing has never been better. “Banks want to offer more competitive products, increase profitability and, critically,...

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Credit Access Could Determine Small Business Success in 2025
Credit Access Could Determine Small Business Success in 2025
January 14, 2025  |  SMBs

Conditions are improving for small businesses, at least with the uncertainty of the election behind them and a generally positive mindset about fundamentals ahead of...

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CFPB Calls for Further Research Into BNPL’s Impact on Financial Health
CFPB Calls for Further Research Into BNPL’s Impact on Financial Health
January 13, 2025  |  BNPL

The Consumer Financial Protection Bureau (CFPB) said there is a need for more research into buy now, pay later (BNPL) after finding that BNPL borrowers held...

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Brex Secures $235 Million Credit Facility for Global Corporate Cards
Brex Secures $235 Million Credit Facility for Global Corporate Cards
January 13, 2025  |  Credit Cards

Brex secured a $235 million credit facility to expand its ability to provide global corporate cards and solutions for expense management, travel, banking and bill...

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What If Payment Cards Could Be More Than Just Functional?
What If Payment Cards Could Be More Than Just Functional?
January 13, 2025  |  Opinion

Asking “What if?” has led CompoSecure to breakthroughs like luxury metal payment cards, CompoSecure Chief Strategy Officer Lewis Rubovitz writes in a new PYMNTS eBook,...

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Report: JPMorgan Veteran Ed Olebe to Lead Wells Fargo’s Credit Card Business
Report: JPMorgan Veteran Ed Olebe to Lead Wells Fargo’s Credit Card Business
January 09, 2025  |  Personnel

Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business. Olebe left JPMorgan Chase...

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