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Cards and Payments Industry News

Chart 4
Weekly News Digest 18 October 2019

If there was a common theme in the first batch of third-quarter results to issue from American banks before the opening bell on Tuesday it was that consumer lending had a good summer. In the case of JPMorgan Chase, the bigger picture for the firm was also rosy, with overall revenue and profit for the quarter both rising by eight percent, to reach $30.1 and $9.1 billion respectively. Growth in credit cards was one of the reasons cited for this performance. One consultant quoted by CNBC praised the bank for "particularly impressive gains in consumer banking, despite the pressure on net interest margins". Retail bankers at Citigroup... Read more >

Credit cards - abstract
Weekly News Digest 11 October 2019

Small US issuers struggle with delinquency | PayPal quits Libra | Deutsche IT push | Europe's banks cope with low rates

Diverging rails
Weekly News Digest 4 October 2019

Revolut picks Visa for global expansion | US schemes cool on Libra | Eurozone cards thrive | tough month for UK challengers | PayPal gets Chinese payments licence

Exloding pie chart
Weekly News Digest 27 September 2019

US banking revolution | schemes beyond rails | UK branches close | depositors pay in Denmark | Rome mulls cash-use penalty

Federal Reserve 3
Weekly News Digest 20 September 2019

Fed rates cut | data-led revenues beckon, |UK payments transforming | Hong Kong neobanks on ice | TransferWise profits

Bank sign
Weekly News Digest 13 September 2019

UK banks' PPI hit | Stripe doubles down on lending | Netherlands instant payments launch | Aus neobanks are go | UK regulator considers industry data

Weekly News Digest 6 September 2019

Pay-by-hand at Whole Foods | facial payments in China | changes at the ECB | UK challenger bank growth

Credit cards
Weekly News Digest 30 August 2019

US credit cards market reaches $900bn | Buy Now Pay Later market booms | China plans state-backed cryptocurrency | India's banking robots | QR code disruption in Asia

Goldman Sachs office
Weekly News Digest 23 August 2019

Goldman issuing | Volcker reform | low-rate dominoes | ANZ challenges | DBS plans credit card for India

US credit cards
Weekly News Digest 16 August 2019

US consumer credit delinquency grows | Venmo boosts instant payments | NatWest trials voice banking | TransferWise launches in Australia and New Zealand

Weekly News Digest 9 August 2019

Mastercard buys Nets' RTP | Heidelpay to KKR | Klarna soars while GreenSky dips | Apple Card launches | European bankers chafe at ECB rate

Fork in the road
Weekly News Digest 2 August 2019

BofA exits First Data JV | Citi at crossroads | Mastercard soars | European banks' 2Q | Indian cashless MSCs

Federal Reserve 2
Weekly News Digest 26 July 2019

Competition in US real-time payments | Deutsche Bank losses | Nationwide hikes overdaft charges | RuPay launch to boost credit cards in India?

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