A Record Number of Consumers Are Making Minimum Credit Card Payments
Many consumers are sticking to just the minimum payments on their credit card bills, according to a recent report from the Federal Reserve. The data, covering through Q3 2024, revealed that over 10% of consumers were simply getting by, continuing a three-year trend. As average credit card interest rates have surged, delinquencies have also risen, […]
HSBC Shutters Zing After Struggling to Compete with Fintechs
A year ago, HSBC launched its cross-border payments app, Zing, aiming to show fintechs in this space what Europe’s largest bank could accomplish. Now, Zing has shut down, leaving many to question whether a major international bank has any role to play in cross-border payments. Zing was designed as a standalone product that didn’t require […]
Why Painless Payouts Matter
The buzz is growing louder. Many merchants are tired of navigating intricate payout processes that drain valuable time and resources. They want to be rid of payment headaches and welcome more seamless efficiency. Merchants demand a cutting-edge payout solution that helps them focus on their business while giving them the peace of mind that the […]