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Pivot Joins Amex Sync to Provide Better Cash Flow Management
Pivot Joins Amex Sync to Provide Better Cash Flow Management
October 15, 2024  |  Credit Cards

Commercial card FinTech Pivot Payables has launched an integration with American Express (Amex). The integration, announced Tuesday (Oct. 15), lets Amex business and corporate card members generate virtual cards within PivotLynx,...

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Mastercard Debuts New Tool for Verifying Cardholders’ ID
Mastercard Debuts New Tool for Verifying Cardholders’ ID
October 14, 2024  |  Authentication

Mastercard has a new way for issuers to confirm cardholders’ identifying information. Dennis Gamiello, the company’s executive vice president for identity products and innovation, wrote...

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Barclays Takes Over Goldman’s GM Credit Card Portfolio
Barclays Takes Over Goldman’s GM Credit Card Portfolio
October 14, 2024  |  Credit Cards

Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the...

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JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
October 11, 2024  |  Earnings

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday...

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SoFi Adds Credit Cards Focused on Rewards and Credit Scores
SoFi Adds Credit Cards Focused on Rewards and Credit Scores
October 09, 2024  |  Credit Cards

SoFi Technologies has added two new credit cards to its one-stop shop for digital financial services. One card is designed for consumers who prioritize earning...

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As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
October 09, 2024  |  Loans

Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers...

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LendingClub and Pagaya Acquire Tally’s Credit Card Management Tech
LendingClub and Pagaya Acquire Tally’s Credit Card Management Tech
October 09, 2024  |  Acquisitions

LendingClub and AI lending network Pagaya have acquired Tally Technologies’ intellectual property. Tally, a FinTech that helped consumers manage credit card debt, closed its doors...

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Consumer Credit Growth Slows as Revolving Credit Declines
Consumer Credit Growth Slows as Revolving Credit Declines
October 07, 2024  |  Consumer Finance

Consumers’ total outstanding credit grew at a seasonally adjusted annual rate of 2.1% in August, after rising at a rate of 6.3% in July and...

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Mixed Economic Signals: Strong Jobs Report, but Declining Confidence
Mixed Economic Signals: Strong Jobs Report, but Declining Confidence
October 07, 2024  |  Economy

Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on...

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