4+ hour, 13+ min ago  (733+ words) Secured credit cards have never had the glamour their more luxury and premium card cousins command. Traditionally, they haven't had much glamour at all. Secured credit cards have long been tools of necessity, not lifestyle strategy, designed for borrowers with…...

2+ week, 6+ day ago  (455+ words) Australia's central bank will prohibit surcharges on debit and credit cards starting in October. The Reserve Bank of Australia (RBA) announced its plans Tuesday (March 31), along with its intention to lower the cap on credit card interchange fees merchants pay…...

1+ mon, 1+ week ago  (439+ words) Buy now, pay later has been hitting an adoption wall, and could be losing momentum with the critical Gen Z and millennial age groups. The recent holiday shopping season tells a lot about BNPL's struggles. PYMNTS Intelligence survey data shows…...

2+ mon, 4+ hour ago  (1058+ words) More merchants are adding 3% to 4% credit card fees to recover acceptance costs, but the practice is increasingly triggering consumer frustration and social backlash. Research suggests fees may protect margin on completed sales while also causing cancellations and prompting shoppers to…...

2+ mon, 1+ week ago  (494+ words) An Illinois ban on card interchange fees for taxes and tips has survived a court challenge. The'U. S. District Court for the Northern District of Illinois Eastern Division on Tuesday (Feb. 10) sided against a group of financial services organizations which had…...

2+ mon, 1+ week ago  (298+ words) Consumers who pay the most for their credit cards turn out to be the ones least likely to ignore them. Just 3. 9% of premium cardholders report rarely or never using their high-fee plastic, making them the most loyal segment in the…...

3+ mon, 2+ week ago  (589+ words) Pay by bank is no longer an unfamiliar concept in U. S. payments, but it has yet to earn a permanent place in consumers" daily spending habits. Banks and Fin Tech providers also benefit from faster settlement, lower fraud exposure tied to…...

3+ mon, 3+ week ago  (409+ words) Consumers continue to spend more on their debit cards, although the rate of growth has slowed. Total debit card transaction volume and value both grew at an average rate of 4. 6% per year from 2021 to 2023, the Federal Reserve Board said in…...

3+ mon, 4+ week ago  (372+ words) For years, loyalty followed credit, but new data shows that rewards are now chasing spending habits shaped by caution rather than leverage. That is the central finding of PYMNTS Intelligence's Embedded Finance Tracker, titled'Rethinking Rewards With a Loyalty Platform for…...

4+ mon, 3+ week ago  (443+ words) Lufthansa Group customers in several countries can now choose Klarna's flexible payment options when booking travel experiences. The options allow the airline group's travelers to pay in full, pay later or pay over time, according to a Thursday (Nov. 27) press…...