CFPB Releases Report Detailing Consumer Complaint Response Deficiencies Of The Big Three Credit Bureaus
- 2 years 11 months ago
- Credit Cards
Equifax, Experian, and TransUnion Routinely Failed To Fully Respond To Consumers With Errors A new analysis by the Consumer Financial Protection Bureau (CFPB) reveals how changes in complaint responses provided by nationwide consumer reporting companies resulted in fewer meaningful responses and less consumer relief. In 2021, Equifax, Experian, and TransUnion together reported relief in response to less than 2% of covered complaints, down from... more
American Express and British Airways Launch Offer for New and Existing Cardmembers Which Sees Avios Rewards Soar
- 2 years 11 months ago
- Credit Cards
Up to double bonus Avios available on the British Airways American Express® Cards From today, American Express is launching a series of limited time offers that will award generous Welcome Bonuses on its British Airways American Express Cards. Running until 28 February, 2022, these promotions include new Cardmembers* receiving a Welcome Bonus of up to double the usual amount, and existing Cardmembers receiving up to 12,000 Avios when they invite... more
Commercial Card Spending Set for Strong Growth as Focus Shifts from T&E
- 3 years 3 days ago
- Payments, Credit Cards, Data
Diversification by traditional issuers and fintechs will drive growth in European commercial card spending to €530 billion by 2025 Recovery in T&E spending will be slow as business travel practices permanently change RBR’s Commercial Cards in Europe 2021 forecasts that European commercial card spending will be 44% higher in 2025 than in 2019 as issuers exploit potential in new sectors to counter a challenging environment for T&E cards.
Yokoy Launches Visa card for Business Customers
- 3 years 2 weeks ago
- Payments, Credit Cards
Yokoy and Visa have teamed up to develop a debit card that integrates automated payment transactions into a comprehensive spend management solution. Thanks to its versatility and attractive fee structure, the Yokoy Visa Business Card is an ideal debit card solution for companies whose employees operate across Europe.
Creditspring Hits 100,000 Customers as UK Consumers Increasingly Seek Affordable Credit
- 3 years 2 weeks ago
- Lending, Credit Cards
With soaring inflation and living costs, Creditspring sees double the number of people seeking affordable credit since July. The fintech’s customer base has grown by almost 430% over the last 12 months, doubling the total amount it has lent in the last six months.
Almost 100k Americans Fell Victims to Credit Card Fraud in 2021 Q3
- 3 years 2 weeks ago
- Credit Cards, Data Protection, Fraud Detection
Credit card fraud has become one of the most popular ways for criminals to make a quick buck. Credit card identity theft is relatively easy to carry out, and it’s also significantly less risky than traditional types of crimes, which is why it’s the most common type of identity theft in the last quarter. Data extracted and analyzed by Atlas VPN reveals that 97 thousand Americans were the victims of credit card fraud in Q3 2021. This type of... more
SimplyPayMe Integrates Smart Engines’ AI-based OCR for Credit and Debit Card Scanning
- 3 years 2 weeks ago
- Payments, Credit Cards
The global payments company, SimplyPayMe, has integrated a software product through Smart Code Engine for credit card scanning in their mobile app. The integration enables SimplyPayMe merchants to receive frictionless, contact-free card payments through a software-based Point-Of-Sale (POS) system without having to manually type in numbers.
From Ocean Plastic Waste to Payment Cards
- 3 years 2 weeks ago
- Payments, Credit Cards, Banking
At least 14 million tons of plastic end up in the world's oceans every year. The globally difficult situation is improved by collecting plastic waste from oceans and coastal areas and reusing it. As the first in Finland, the Savings Banks Group will offer its customers an option to have their debit or credit card made from ocean plastic. TietoEVRY manufactures, personalises and delivers payment cards to the Savings Banks’ customers.
iwoca Expands Market-first Revenue Based Loan to Support Post-pandemic SME Recovery
- 3 years 3 weeks ago
- Payments, Credit Cards
iwoca announces expansion of its merchant cash advance product to all businesses accepting card payments in the UK following successful launch with FundingXchange Research reveals that 87% of SME owners who use loan products said they believe that a revenue-based loan would be better or the same as using a term loan
Three Ways for Consumers Take Control of Their Credit, Amid Festive Financial Frenzy
- 3 years 3 weeks ago
- Digital banking, Credit Cards
- Zopa Bank highlights three key questions for a fun yet financially responsible holiday season - Zopa credit card spending increased 45% over Black Friday weekend - One in two Zopa customers improved their credit score using Zopa tools
Dakota Credit Union Association Collaborates with Leading AI-based Credit Decisioning Platform Provider Scienaptic AI
- 3 years 3 weeks ago
- Artificial Intelligence, Lending, Credit Cards
Scienaptic announced today a collaboration with the Dakota Credit Union Association (DakCU) enabling the company to offer its AI-based credit underwriting technology to credit unions throughout North and South Dakota.
Credit Card Confusion: Clearpay Launches New Report Calling For More Transparency In The Sector
- 3 years 3 weeks ago
- Credit Cards
Two in five Brits are confused about credit scores, 62% are anxious about interest or fees and nearly half are concerned about how credit card debt or credit checks will impact their future
BOB Financial, NPCI and JCB Partner to Launch Bank of Baroda Credit Cards on RuPay Platform
- 3 years 3 weeks ago
- Payments, Credit Cards, Banking
Beginning with the Easy and Premier variants, the BoB-RuPay Credit Cards are set to offer a host of benefits to the customers
Chill Out, Relax, Take It Easy: PCI Pal® Removes the PCI Compliance Worry from Chill Insurance
- 3 years 4 weeks ago
- Transaction Banking, Payments, Credit Cards, Compliance
PCI Pal, – the global provider of cloud-based secure payment solutions – has upgraded Chill Insurance’s payment security solution to aid secure and compliant payment card transactions, regardless of whether contact centre agents are working onsite or remotely from home.
BOB Financial Partners with OneCard to Launch Mobile-first, Metal Cedit Card
- 3 years 4 weeks ago
- Payments, Credit Cards, Banking
● Digital-first credit card powered by a mobile app to offer seamless smart-banking experience ● To offer lifetime validity and zero joining fee with a 100% digital onboarding process ● Virtual credit card to be delivered in under 3 minutes and metal card to be delivered in 3-5 days ● Cards to be issued by BFSL, managed by OneCard, and powered by VISA
