Barclays, the U.K. bank, announced Tuesday (Dec. 11) that customers of its mobile banking app now have the power to prevent spending at certain retailers. In a press release, Barclays said it was the first for a traditional U.K. bank to offer the service, which...
A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion by 2021. The report, “U.S. Recurring Payments Market Forecast, 2017–2021: Set It and Forget It,” has explored U.S. market size and reviewed service...
The automobile is one of those products that can change countless details of daily lives, to say nothing of the payments and commerce ecosystems associated with vehicles. And any significant change to the automobile — and that includes the rise of connected cars — will bring...
The numbers are in, and the economy is looking up: Gross domestic product (GDP) is increasing fast, wages are rising and the unemployment rate is the lowest it has been in decades. In Q2 2018, only 31 percent of consumers fell behind on bill payments,...
After years of focusing nearly entirely on a consumer’s payment history, FICO has announced that as of 2019 it will be rolling out a new scoring system that will take money management into account in ranking borrowers. Specifically, FICO scores will now take a peek...
A new survey revealed that the percentage of unbanked Americans fell to the lowest level since the 2007-2009 financial crisis. Data from the Federal Deposit Insurance Corporation (FDIC) shows that in 2017, 6.5 percent of 129.3 million U.S. households were considered “unbanked,” meaning they don’t...
Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. According to the Wall Street Journal, the UltraFICO Score should help many consumers get approved for loans because it factors in how consumers manage the cash...
For many students, it was a time of either dread or excitement. The civics teacher, or the home economics instructor, would teach the class how to balance a checkbook, calculate compound interest and a few other skills that would go a long way in the...
In 2009, consumers first coined the term “Whole Paycheck” as a tongue-in-cheek way to describe the sticker shock many felt when looking at their receipts after a shopping trip to Whole Foods. Whole Foods is, of course, the organic grocery chain that Amazon bought for...
