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Banks Prep For Wave Of Skipped Credit Card Payments
Banks Prep For Wave Of Skipped Credit Card Payments
April 26, 2020  |  Coronavirus

Banks are bracing for fallout as more people struggle to make credit card payments due to lost paychecks amid the coronavirus pandemic, according to a...

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Amex T&E Spending Plummets In March And April Amid Coronavirus
Amex T&E Spending Plummets In March And April Amid Coronavirus
April 24, 2020  |  Earnings

American Express reported results Friday (April 24) that showed a marked decline in card spending in the last few weeks of the first quarter tied...

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Stripe Rolls Out Major Updates To Core Payments Platform
Stripe Rolls Out Major Updates To Core Payments Platform
April 23, 2020  |  Digital Payments

Stripe, the San Francisco digital payment platform popular with Shopify, Instacart and other major online retailers, announced major updates to its software on Thursday (April...

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Card Companies Cut Credit Lines As Customers Skip Payments
Card Companies Cut Credit Lines As Customers Skip Payments
April 23, 2020  |  Coronavirus

Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Customer spending limits...

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Anticipating The Consumer Spending Rebound
Anticipating The Consumer Spending Rebound
April 21, 2020  |  Consumer Insights

The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer...

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JPMorgan Says It’s Processing 300,000 PPP Loans
JPMorgan Says It’s Processing 300,000 PPP Loans
April 14, 2020  |  Earnings

JPMorgan Chase reported results that showed the impact of the coronavirus, especially toward the end of the quarter, reflecting declines in consumer spending – and...

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PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic
PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic
April 13, 2020  |  Credit Unions

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is...

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Visa Postpones New Merchant Fees Until July
Visa Postpones New Merchant Fees Until July
March 27, 2020  |  VISA

Visa has delayed the introduction of a new fee structure due to the coronavirus scare, according to a report. The new fee structure, which had...

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