Credit Card news and trends

Lawsuit Accuses Visa of Electronic Payment Monopoly
Legal // December 11, 2023

Visa is reportedly facing an antitrust lawsuit alleging that it has blocked fair competition in the credit and debit card processing market. MiCamp Solutions, a provider of secure payment processing solutions, has filed a proposed class action targeting Visa in the U.S. District Court for the...

NerdWallet Launches Secured Credit Card and Credit-Building Features
Credit Cards // October 26, 2023

Financial guidance platform NerdWallet has launched its first credit card. The new NerdUp is a secured credit card that is designed to help consumers build and improve their credit responsibly, NerdWallet said in a Thursday (Oct. 26) press release emailed to PYMNTS. “NerdWallet identified a major gap...

High-Income Earners’ Love of Installment Plans Signals Lucrative Opportunity for Merchants
Consumer Finance // September 29, 2023

Credit card installment plans for common purchases are gaining popularity among consumers, who are drawn to the flexibility they offer in managing their spending and credit.  As detailed in “Installment Plans Becoming a Key Part of Shopper’s Toolkit,” a PYMNTS and Splitit collaboration, 60% of...

Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
Consumer Finance // September 17, 2023

American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15) the company’s consumer card delinquency rate crept up to 1.2% in August, from 1.1% in July but still below 1.4%...

Interviews & Exclusives
Tokenized Payment Networks Empower Businesses and Consumers With Enhanced Security

June 27, 2023
The digitization of the payment landscape brings with it both opportunity and challenges. As digital wallets, contactless payments, and eCommerce technologies continue to transform the way money moves, sensitive account information often moves alongside each transaction. This leaves personal data like addresses, purchasing history and other critical elements of a consumer’s digital identity exposed to […]

Walgreens To Incentivize Healthy Living Choices With New Credit Card Rewards Program

August 16, 2021
After over 18 months of living through the COVID-19 pandemic, consumers are more aware than ever that “healthcare” goes beyond just an annual doctor’s appointment — as total wellness is...

Musicians Get Their Own Credit Card For Smoother Royalty Payments

June 07, 2021
Last year, pop hit machine Taylor Swift publicly denounced labels’ and producers’ control of publishing, which comes down to royalties. For old-school rockers, Creedence Clearwater Revival (CCR) fans may recall...

Report: Hospitals Turn To Card-On-File Solutions To Fix Payment Collection Pains

March 03, 2021
Reduced patient visits during the pandemic have strained healthcare providers’ budgets, and many are looking to restore some of their lost appointment volumes and collect timely payments from their remaining...

Quick Reads
Yonder Raises $31 Million to Expand Credit Card Outside UK

September 19, 2024
Yonder has raised 23.4 million pounds (about $31.1 million) to expand its credit card designed to help cardholders build good credit habits while earning rewards. The London-based company will use the new funding to grow its team, launch new rewards and accelerate its expansion outside the United Kingdom, Yonder said in a Thursday (Sept. 19) post on […]

Lawsuit Accuses Visa of Electronic Payment Monopoly

December 11, 2023
Visa is reportedly facing an antitrust lawsuit alleging that it has blocked fair competition in the credit and debit card processing market. MiCamp Solutions, a provider of secure payment processing solutions,...

NerdWallet Launches Secured Credit Card and Credit-Building Features

October 26, 2023
Financial guidance platform NerdWallet has launched its first credit card. The new NerdUp is a secured credit card that is designed to help consumers build and improve their credit responsibly, NerdWallet said...

Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels

September 17, 2023
American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15) the company’s consumer card delinquency...