debit

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Chime Sets Sights on the Affluent Consumer and an $86 Billion Revenue Opportunity
Chime Sets Sights on the Affluent Consumer and an $86 Billion Revenue Opportunity
May 14, 2025  |  Digital Banking

In 2022, as the pandemic waned, PYMNTS Intelligence found that only about 9% of consumers used digital banks for their primary financial relationships and accounts....

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FIS Goes All In on the Issuer
FIS Goes All In on the Issuer
May 06, 2025  |  Earnings

Fidelity National Information Services (FIS) said during a Tuesday (May 6) first-quarter earnings report that it continues to see strong demand from banks to modernize...

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SoFi Member Deposits Grow to $27.3 Billion and Cross-Selling Accelerates
SoFi Member Deposits Grow to $27.3 Billion and Cross-Selling Accelerates
April 29, 2025  |  Earnings

SoFi Technologies posted first-quarter earnings results Tuesday (April 29) that showed continued growth in deposits and debit spending, as well as a roadmap to fee-based...

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Debit Spend and Deposit Growth Drive Discover’s Final Standalone Quarter
Debit Spend and Deposit Growth Drive Discover’s Final Standalone Quarter
April 24, 2025  |  Earnings

Discover Financial Services posted first-quarter earnings results Thursday (April 24) that showed improving credit metrics, increased debit spending and higher deposits, ahead of its pending...

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The Next Frontier of Crypto Payments Is Already in Your Pocket
The Next Frontier of Crypto Payments Is Already in Your Pocket
April 16, 2025  |  Cryptocurrency

For years, the cryptocurrency space has battled allegations that its ecosystem can come across as abstract and inaccessible to the everyday end-user. Get the Full...

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Citi’s Services Segment Hits Decade-High as Bank Bets on Digital
Citi’s Services Segment Hits Decade-High as Bank Bets on Digital
April 15, 2025  |  Earnings

Turmoil can be challenging for everyday consumers but offer the sophisticated investor opportunity. Get the Full Story Complete the form to unlock this article and...

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Bank of America CEO: ‘Consumers Are Still Solidly in the Game’
Bank of America CEO: ‘Consumers Are Still Solidly in the Game’
April 15, 2025  |  Earnings

Consumers are still spending, Bank of America’s earnings showed Tuesday (April 15), despite the volatility of what CEO Brian Moynihan termed a “changing economy.”  ...

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Convenience Drives Digital Wallet Use for More Than Half of Consumers
Convenience Drives Digital Wallet Use for More Than Half of Consumers
April 14, 2025  |  Digital Payments

Budget-conscious consumers reach for debit cards to maintain financial discipline, while the allure of rewards continues to fuel credit card use. Get the Full Story...

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JPMorgan Credit and Debit Volumes Slow as Reserve for Card Losses Grows
JPMorgan Credit and Debit Volumes Slow as Reserve for Card Losses Grows
April 11, 2025  |  Earnings

For J.P. Morgan, caution abounds as the bank increased loan loss provisions, designed to cover possible loan losses amid economic turbulence. Get the Full Story...

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