Most Organizations Experienced Fraud Last Year
Fraud is still a persistent and ubiquitous threat, as evidenced by a recent study which found that 79% of organizations surveyed experienced attempted or actual payments fraud over the past year. The study by the Association for Financial Professionals (AFP) found that while this figure was down one basis point from the previous year, it […]
Revolut Enters a Tough European Market for Rewards Credit Cards
Although it has found success with a wide range of personal finance products, UK-based fintech Revolut faces an uphill battle as it eyes entry into the rewards-based credit card market. In Europe, this segment is not only limited due to structural factors but has also long been dominated by American Express. Revolut tested the waters […]
Late Fees: No Longer Junk, Back to Contractual Commitments
Back in the old days of 2023, regulators were calling late fees “junk.” We kept calling them “contractual commitments,” as you can read here. Today, the American Banker notes that regulators have backed down from their attempt to mandate that credit card late fees be reduced from an average of $32 to $8, in a […]
The Future of Payment Cards: Metal, Personalization, and the Power of Design
Because digital payments offer such powerful use cases, many speculate that they will inevitably replace physical cards. However, this perspective overlooks several key factors—not only are physical cards highly reliable at the point of sale, but they also offer personalization options that create a tangible connection between consumers and their payment method, something digital payments […]