Delinquencies slightly improved for both issuers, but Discover’s card volume fell behind
Ally faced difficulties as consumers with lower credit scores bore the brunt of financial stressors
The tie-up can help attract younger travelers and aids in Venmo’s monetization journey
OpenAI, Oracle, and SoftBank’s mega-investment in US data centers could fuel AI’s growth. However, soaring energy and water demands may slow the pace.
This natural disaster could cost more than any in US history, raising profitability questions.
Now that Trump is in office again, crypto regulations could boost crypto ownership and payments momentum—slowly
A rewards integration coming later this year could make Synchrony a more attractive co-brand partner
The rule, which regulates payment apps like banks, is already on shaky ground given the CFPB is about to be overhauled under Trump
Financial institutions (FIs) will burst through the financial media network (FMN) door first cracked open in 2024. Chase made headlines in April by announcing its new ad business, followed by PayPal in May. They’re the most high-profile FIs to do so yet, signaling that FMNs could be a meaningful new revenue stream for the financial services industry.
We explore the key contributors to record profits and the second-highest earnings year to date.
We explore best practices that can help FIs build bonds with younger customers.
Healthy consumer spending and higher interest income drove gains. But consumers’ financial health isn’t on a glide path yet
Partnership negotiations will have to deal with the program’s list of hurdles