Consumers are increasingly seeking flexible and convenient payment options, leading to the rising popularity of deferred payment plans such as credit card installment plans and buy now, pay later (BNPL) options. However, to fully unlock its potential, BNPL providers need to address certain demands and...
April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline since 1943. All in, consumer credit took a $68.8 billion hit in April, with revolving debts like credit cards taking...
Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6 trillion, according to a CNBC report that cited the New York Federal Reserve. However, credit card balances have dropped compared...
Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Customer spending limits are being cut by top credit card companies. It’s a response to the COVID-19 pandemic that is crashing the economy...
October 13, 2023
Consumers are increasingly seeking flexible and convenient payment options, leading to the rising popularity of deferred payment plans such as credit card installment plans and buy now, pay later (BNPL) options. However, to fully unlock its potential, BNPL providers need to address certain demands and expectations of consumers. According to a joint PYMNTS Intelligence-AWS study, credit […]
May 05, 2020
Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6 trillion, according to a CNBC report that cited the New York Federal Reserve. However, credit card balances have dropped compared to before the coronavirus pandemic. That can be attributed to […]
April 23, 2020
Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Customer spending limits are being cut by top...
November 21, 2019
David Solomon, the CEO of Goldman Sachs, is denying claims that gender bias is apparent in the algorithm it uses to determine credit limits for applicants, according to a report...
November 12, 2019
Goldman Sachs has promised to reevaluate how credit limits are determined for Apple Card users after being accused of gender discrimination. “We have not and never will make decisions based...
