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Cards and Payments Industry News

Goldman Sachs office
Weekly News Digest 23 August 2019

Somewhat hidden in the hoopla around the launch of the new Apple Card this month is the arguably most important fact that, with its launch, Goldman Sachs is in fact becoming a credit card issuer for the first time. It was only three years ago that the Wall Street titan moved into consumer lending in any form, a milestone achieved through the launch of its online-only bank, Marcus. By CNN's count, Marcus "has lent $4.75 billion out in personal loans...and 13 percent of those loans have gone to customers with FICO scores below 660". This aggressive customer-building strategy appears to be being carried forward into the Apple Card partnership,... Read more >

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?

Wall Street image
Weekly News Digest 19 July 2019

Consumer banking drives profits | Big Tech in payments | WhatsApp ready to join India's crowded payments market? | Challenger banks in Australia

Shopping bags
Weekly News Digest 12 July 2019

Revolving credit reaches YTD high in US | Volcker Rule 2.0 | Britain eyes future of payments | Australia bank capital buffers | Push mobile payments in Japan

Weekly News Digest 5 July 2019

POS-financing draws global schemes | Spanish banks prepare domestic card | Australian Open Banking era begins

Beacon light
Weekly News Digest 28 June 2019

Regulators scrutinise Libra white paper | Bank of England mulls liquidity for fintechs | Citi trims perks on credit cards

libra logo
Weekly News Digest 21 June 2019

Facebook details crypto plans | Discover goes fee-free | 'Bad bank' might liberate Deutsche

Credit cards - abstract
Weekly News Digest 14 June 2019

Amazon/Synchrony subprime card | UK tackles overdrafts | Australians savvy with payments | European air miles an e-currency?

UnionPay logo
Weekly News Digest 7 June 2019

UnionPay readies for European issuance | postal banking on US political agenda | P2P regs tighten in UK

Weekly News Digest 31 May 2019

Merger of Global Payments and TSYS | US charge-offs rise continues | All eyes on Singapore for regional banking throne