Mastercard debuted a service that lets consumers make card-based payments via local digital wallets. With Pay Local, Mastercard cardholders link their credit or debit cards to a participating local digital wallet to shop with merchants without needing to create or top up a prepaid account,...
Financial institutions can convert credit card outsiders to become holders of secured credit cards by encouraging them to think long term. While some of these consumers who do not have a credit card are wary of credit, most also know that secured credit cards can...
The latest data from the Department of Commerce’s Bureau of Economic Analysis revealed that consumer spending outpaced income growth in September. The news may be a boon for consumption and, by extension, merchants. However, the personal income and outlays data indicated that a decrease in...
The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. The FTC is sending checks and PayPal payments to 50,994 consumers, adding up to more than $2.5 million, according to a Thursday (Oct. 31) press release. The regulator took...
November 04, 2024
Financial institutions can convert credit card outsiders to become holders of secured credit cards by encouraging them to think long term. While some of these consumers who do not have a credit card are wary of credit, most also know that secured credit cards can be part of a comprehensive strategy to build credit, achieve […]
October 29, 2024
There’s a data gap that exists for small businesses — a lack of information about them that makes banks shy away from extending credit or spurs FinTechs to “offload” them...
October 24, 2024
As one of the hottest trends in payments, embedded finance has emerged as a compelling credit proposition for consumers and businesses. The execution demands an intricate web of collaboration and...
October 18, 2024
Of all the things a business needs, cash on hand is top of the list. And against today’s dynamic operational backdrop, financial health and operational efficiency can be defined by...
November 05, 2024
Mastercard debuted a service that lets consumers make card-based payments via local digital wallets. With Pay Local, Mastercard cardholders link their credit or debit cards to a participating local digital wallet to shop with merchants without needing to create or top up a prepaid account, according to a Tuesday (Nov. 5) press release. “Leading wallets […]
October 31, 2024
The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. The FTC is sending checks and PayPal payments to 50,994 consumers, adding up to...
October 30, 2024
Velera and RAI Partners have teamed up to offer credit unions access to solutions that include turn-down programs and portfolio acquisitions. The two credit union service organizations (CUSOs) will work...
October 27, 2024
Consumers spent with confidence last month as retail sales climbed. And as Seeking Alpha noted in its “Credit Pulse” report Sunday (Oct. 27), much of that spending happened with credit...
