But co-brand card adoption is still limited because consumers don’t understand co-brands' value proposition
But issuers shouldn’t stop preparations for the cap—regulators won’t back down anytime soon
Despite some signs of improvement, recent Fed data suggests a credit card recovery is still a ways off
PSCU/Co-op Solutions has rebranded as Velera as part of a bigger move to help its members grow and attract a more diverse customer base.
This milestone opens Mastercard up to a massive new market and gives it a competitive edge against Visa. But it will face stiff domestic competition
The report claims issuers create misleading marketing materials and block or delay earned benefits. Issuers are already fighting back
The alt-credit model can help expand financing to credit invisibles, which should help boost account openings
Some are disproving the commonly held belief that they can’t reach profitability.
A few of the company’s biggest tie-ups are up in the air—losing them could be devastating to Affirm’s future business
But a slowdown suggests the company can no longer rely on its verticalization angle to stand out from competitors
This will help it stay competitive with other providers that have launched similar AI features
Financial institutions that have relied on the platform to reach young consumers must come up with a Plan B—or face losing brand awareness.
Starting off their financial lives this way will have long-term effects on their financial futures and on credit card providers