The company made major strategic moves during its transition year, but it may take longer for them to bear fruit
The directive from acting Director Scott Bessent throws recent payments rules like the open banking and BNPL rules into flux
Their model proved they can include BNPL loans without hurting most consumers’ credit scores
Rates are hovering around 7% and customers waiting to buy may need some alternative strategies.
Holiday spend, international transactions, and non-card payments boosted growth
Despite growing demand, the ACH Network may struggle to keep up this momentum as real-time competitors advance
This will leave a gap that its competitors can now fill, but they’ll first need to win over its customers.
Partnerships, non-card payments, and value-added services will help offset potential losses from the Capital One-Discover merger
Other airlines like Alaska Airlines have also pushed into the premium space as the cards can bring in higher volume and revenues
While meme coins don’t have a long-term future as a payment method, there is growing momentum for stablecoin crypto payments
Younger banking customers care more than their older counterparts about banks’ diversity.
The issuer faces rising charge-offs, slowing volume growth, and declining active accounts