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Splitit CEO: Card-Linked Installments Unlock $3 Trillion of Consumer Spending Power
Splitit CEO: Card-Linked Installments Unlock $3 Trillion of Consumer Spending Power
December 23, 2024  |  Buy Now Pay Later

This year’s payment options are wider than last year’s. The PYMNTS Intelligence report “Maximizing Holiday Value: The Strategic Value of Early Pay Later Visibility,” created...

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Mastercard Finalizes Acquisition of Threat Intelligence Company Recorded Future
Mastercard Finalizes Acquisition of Threat Intelligence Company Recorded Future
December 20, 2024  |  Acquisitions

Mastercard has finalized its previously announced acquisition of threat intelligence company Recorded Future. The acquisition will add threat intelligence and artificial intelligence (AI)-powered, actionable analytics to...

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Morgan Stanley Expects Favorable Environment for Lenders in 2025
Morgan Stanley Expects Favorable Environment for Lenders in 2025
December 19, 2024  |  Loans

Morgan Stanley reportedly upgraded its rating and price targets on shares of several credit card companies and lenders, citing stabilization in consumer credit and an...

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Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
December 19, 2024  |  Economy

In the latest and final revision of how the economy fared in the third quarter — through the growth in gross domestic product — the...

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Small Businesses Captured Outsized Gains From 2024’s Payments Innovations
Small Businesses Captured Outsized Gains From 2024’s Payments Innovations
December 19, 2024  |  SMBs

Payments innovations impacted small- to medium-sized businesses (SMBs) in 2024. For years, SMBs lagged behind larger enterprises in adopting digital payment solutions, hindered by limited...

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Capital One: Delaware’s Approval Moves Discover Acquisition Closer to Completion
Capital One: Delaware’s Approval Moves Discover Acquisition Closer to Completion
December 19, 2024  |  Acquisitions

Capital One said Thursday (Dec. 19) that its previously announced acquisition of Discover Financial Services has moved another step toward completion by receiving approval from...

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Regulators Eye Interest Rates as Retail-Branded Cards Gain Traction
Regulators Eye Interest Rates as Retail-Branded Cards Gain Traction
December 18, 2024  |  Credit Cards

More than a quarter of consumers own a store card, defined as a card that exclusively features a retailer’s branding. While co-branded cards can be...

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New Zealand’s Commerce Commission Proposes Cutting Merchant Card Fees
New Zealand’s Commerce Commission Proposes Cutting Merchant Card Fees
December 18, 2024  |  Regulation

New Zealand’s Commerce Commission has proposed reducing the fees the country’s businesses pay for accepting Mastercard and Visa payments. The Commission issued its draft decision...

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Inflation Pushes Consumers to Seek Everyday Value From Credit Card Rewards
Inflation Pushes Consumers to Seek Everyday Value From Credit Card Rewards
December 18, 2024  |  Credit Cards

Rewards are among the key determinants in how consumers choose — and use — credit cards. In the PYMNTS Intelligence report “The Role of Rewards...

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