Kate Fitzgerald is an Arizona-based senior editor for American Banker and longtime payments reporter. Fitzgerald began her journalism career at the San Diego Tribune, and has worked as a reporter and editor at several other publications, including Advertising Age and the Arizona Republic. She is a graduate of Lewis & Clark College and holds a master’s degree from Northwestern University’s Medill School of Journalism.
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Visa has long been Chase's dominant credit card-issuing partner, but Mastercard is making noteworthy inroads, underscored by Chase's new Mastercard-branded DoorDash credit card.
September 27 -
Buy now/pay later loans took off during the pandemic, but the market has gotten crowded. Now, lenders are seeking to set themselves apart with new audiences or business models.
September 26 -
Self's credit-building loans and secured card were popular but the company sought a competitive edge. The recent acquisition of RentTrack adds to the data consumers can share with the top three credit bureaus.
September 22 -
Second-amendment supporters fear that the change could lead to a national gun registry, but Visa said the code doesn't track individual firearm purchases.
September 16 -
The use cases for non-fungible tokens for consumer loyalty, gaming and other business purposes are expanding, while banks and payment companies step up their NFT experiments.
September 15 -
The Consumer Financial Protection Bureau will bring BNPL fintechs under its supervision following a monthslong inquiry into consumer credit risk and data exploitation. "It's critical that this category does not hide in the shadows," says CFPB Director Rohit Chopra.
September 15 -
The coffee giant, a pioneer in mobile payments, will let customers earn or buy non-fungible tokens through its mobile app as part of an overhaul of its rewards program.
September 13 -
The International Standards Organization's approval of a new merchant category code for gun and ammunition sales paves the way for credit card networks to begin flagging suspicious weapons sales to law enforcement agencies.
September 9 -
The total value of transactions flowing through Early Warning Service's peer-to-peer payments service rose nearly 30% during the second quarter, as more consumers used Zelle to pay recurring expenses.
September 8 -
The card network's test enables consumers to round up transactions to the nearest $1, $5 or $10 for donations to the organization of their choice.
September 8 -
Everyware, a text-based billing company reports strong demand for installment loans — due in part to the immediacy with which people respond to messages that pop up on their phones.
September 6 - PSO content
Many BNPL lenders can credit their meteoric rise to the unique circumstances of the pandemic. As their market shifts, these companies are forced to find new avenues of growth under the increased scrutiny of the Consumer Financial Protection Bureau.
September 1 -
The hotel franchise can now integrate directly with U.S. employers for invoicing and payment, allowing it to bundle multiple stays and reduce overall costs of managing card acceptance.
August 30 - PSO content
More than 30,000 of the bank's customers have already updated their credit cards to show their chosen name instead of their legal name, and the bank expects a similar response from debit card users.
August 29 -
The late-payment rate for the company's buy now/pay later loans rose above 2% for the first time this year in July and August, and CEO Max Levchin says a downturn is "more than likely."
August 26 -
Affirm must demonstrate it can maintain healthy loan growth to regain investor confidence when reporting earnings results Thursday, while Klarna unveils results next week.
August 25 -
GiveCard is working with the digital card-issuance platform Highnote to improve the ways organizations can deliver and track donations to recipients such as homeless teens and women in crisis.
August 24 -
Rising global e-commerce transaction volume is creating an opportunity to expand the options for cross-border payments from businesses to consumers.
August 22 -
Millions of Americans have trouble accessing low-cost loans because they have thin or problematic credit histories. That could change as fintech innovations and new self-reporting tools give lenders troves of new data.
By Kate Fitzgerald and John ReostiAugust 16 -
Through this collaboration, Amex will offer loyalty options through new channels to boost payment volume.
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