debt

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

Today In Payments: Big Tech Slams House Antitrust Report; Credit Card Borrowing Falls
Today In Payments: Big Tech Slams House Antitrust Report; Credit Card Borrowing Falls
October 08, 2020  |  News

In today’s top news, Big Tech slammed the House antitrust report, and credit card debt has fallen for the sixth consecutive month. Plus, Revolut launches...

READ MORE >
Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens
Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens
September 29, 2020  |  Economy

The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away...

READ MORE >
EU Businesses Could Face Historic Recession
EU Businesses Could Face Historic Recession
September 28, 2020  |  B2B Payments

Intrum‘s new European Payment Report, published Monday (Sept. 28), chronicles a shaken European economy in which several EU businesses are taking necessary steps to prepare...

READ MORE >
SMBs Turn To Barter To Ease Uncollected Receivables Burden
SMBs Turn To Barter To Ease Uncollected Receivables Burden
September 28, 2020  |  B2B Payments

Today’s business climate is rough. At the height of the pandemic, shutdowns led to many firms closing their doors, and even with restrictions easing, many...

READ MORE >
Google To Help Students Pay Off Loans With New Program
Google To Help Students Pay Off Loans With New Program
September 24, 2020  |  Google

Google has rolled out a new student loan repayment program, the tech giant announced in a blog post. In 2021, Google will begin matching student...

READ MORE >
Trade Nicely Offers Bartering Services For B2B Debt
Trade Nicely Offers Bartering Services For B2B Debt
September 21, 2020  |  B2B Payments

Idaho’s Trade Nicely is working to implement a new bartering-style system where companies can trade their nonperforming assets like debt, accounts receivables and outstanding balances,...

READ MORE >
US Household Wealth Hits Highs In Spite Of Economic Trouble
US Household Wealth Hits Highs In Spite Of Economic Trouble
September 21, 2020  |  Economy

Despite the struggling economy, U.S. household wealth hit new highs in 2020, according to a report by the Federal Reserve. According to the Fed’s statistics, the...

READ MORE >
US Airlines Use Loyalty Programs As Debt Collateral
US Airlines Use Loyalty Programs As Debt Collateral
September 16, 2020  |  Loyalty & Rewards

Frequent flyer programs may carry U.S. airlines through the pandemic financially, according to a report from the Financial Times (FT). The sheer value of the...

READ MORE >
Uber Looks To Refinance $500M At 7.5 Pct Interest Rate As Debt Load Surges
Uber Looks To Refinance $500M At 7.5 Pct Interest Rate As Debt Load Surges
September 14, 2020  |  Loans

Uber Technologies is taking advantage of rock-bottom pandemic interest rates to refinance some debt. The San Francisco-based ride-hailing service on Monday (Sept. 14) said it...

READ MORE >