A new consumer report on credit card usage from Elan Credit Card and PYMNTS Intelligence explores preferences on general use versus co-branded and store credit cards, drivers that impact consumer choice, and trends by demographic.
A new consumer report on credit card usage from Elan Credit Card and PYMNTS Intelligence explores preferences on general use versus co-branded and store credit cards, drivers that impact consumer choice, and trends by demographic.
Custodia Founder and CEO Caitlin Long says the Federal Reserve has rewritten the rules around accessing the government's payments system. The central bank and a federal court judge disagree.
Cybercriminals continue to evolve their methods and as a result, fraud reports and losses continue to climb. In 2023, fraud losses exceeded $36 billion and the Nilson Report forecasts $397.4 billion in credit card fraud losses over the next 10 years.
Cybercriminals continue to evolve their methods and as a result, fraud reports and losses continue to climb. In 2023, fraud losses exceeded $36 billion and the Nilson Report forecasts $397.4 billion in credit card fraud losses over the next 10 years.
The financial services industry is preparing for open banking to become law in the United States. Financial institutions of all sizes, from the largest banks to community banks and credit unions, should be planning their digital strategies to adhere to the Consumer Financial Protection Bureau's final rule expected by this Fall.
Customer expectations are soaring: faster payments, seamless mobile experiences and cutting-edge fraud protection. As instant payments and mobile banking are becoming more mainstream, a new generation of AI has entered the mix.
