The company saw strong card spend in FY 2024 Q1, and its performance was also propped up by its diversification into value-added services
Delinquency rates are growing alongside consumer spending, but a peak in its growth may be in the near future
To weather the ongoing storm, they’re investing in a variety of growth strategies.
The subscription service model is growing in popularity across the payments industry as it provides payment transparency for consumers and a steady stream of revenues for providers
Usage of biometric technology in payments is growing, as Mastercard recently announced its own authentication service as well
Payments funding is off to a strong start in 2024 after a couple of rough years
$5 billion in student debt forgiveness will impact more than 70,000 borrowers, opening up an opportunity for advising them on new financial strategies.
The firm’s total 2023 net charge-offs were in line with its 2023 outlook, and it expects improvement in the second half of the year
Criminals are taking advantage of P2P apps to steal consumers’ money, creating a need for more safety measures
This can improve conversion rates for online shopping and helps Citi compete against digital wallets like PayPal
On today’s episode of The Banking & Payments Show podcast, we discuss the most important banking trends that we expect to see in 2024. We examine the big headlines from our Banking Trends to Watch in 2024 report, such as risky banking as a service partnerships, the social media players pushing the boundaries of banking, the disruption caused by AI and new developments with digital wallets. In a new segment called "Place Your Bets," using a total of 10 points, we allocate points to different trends to predict their likelihood of coming true. Listen to the conversation with guest host Marcus Johnson and our analysts Tiffani Montez and David Morris.
The retail giant stands by its practices, but an investigation found it failed to prevent over $1 billion in losses for its financial services customers.
This effort to appease EU regulators could shake up the mobile wallet landscape, but Apple Pay’s dominance shouldn’t waver
It’s testing a virtual card tool that would remove online checkout friction and make transactions more secure