Search Results for: UK credit card

UK Credit Card Trends 2023-24: FICO Data Shows Rising Spend and Missed Payments
Finance Fintech News

UK Credit Card Trends 2023-24: FICO Data Shows Rising Spend and Missed Payments

Business Wire
by Business Wire0
Year-on-year analysis reveals impact of continued high costs and inflation requiring lenders to remain vigilant The last year has been challenging for UK households balancing budgets against rising fuel costs, spiralling inflation and wage pressures. Analysis by global analytics software firm FICO of its proprietary UK credit cards data for......
FICO UK Credit Card Market Report: January 2024
Finance Fintech News

FICO UK Credit Card Market Report: January 2024

Business Wire
by Business Wire0
Spending fell by 8.6% post-Christmas, while consumers increased their payments to balance by 2.7%. Credit card providers will, however, be encouraged by the first increase in payments to balance since July 2023. According to the FICO UK Credit Card Market Report for January 2024, consumer credit behaviour followed typical start-of-year patterns.......
Digital Payments News

FICO Data: UK Credit Card Customers Showing Signs of Financial Stress

Business Wire
by Business Wire0
Worrying trends developing amongst established credit card users as missed payments rise New analysis of UK credit card activity from FICO has revealed worrying payment patterns amongst customers who have held their cards for between one and five years, known as the Established vintage. This group is showing increased rates......
Pipe Launches Embedded Business Card for Software and Payment Companies, Expanding Their Suite of Embedded Financial Solutions
Digital Payments Fintech News

Pipe Launches Embedded Business Card for Software and Payment Companies, Expanding Their Suite of Embedded Financial Solutions

GlobeNewswire
by GlobeNewswire0
Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMBs, announced it has expanded its suite of products with the launch of Pipe Business Card1. With the Pipe Business Card, software and payments companies can now launch a new business card program for their customers......
Pipe Makes Strategic Push Into UK Through GoCardless Partnership
Digital Payments Fintech News

Pipe Makes Strategic Push Into UK Through Gocardless Partnership

GlobeNewswire
by GlobeNewswire0
Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMEs, and bank payment company GoCardless announced a partnership to reshape capital access for UK businesses.  Under the partnership, Pipe’s customer-friendly capital offering will be accessible via the GoCardless platform, providing simple and seamless capital access for......
New Marqeta Research Finds UK Consumers Are Leading Global Adopters of Digital Payments, With Over Two-Thirds Now Comfortable Ditching Wallet For the Phone
Digital Payments Finance Fintech Lending News

New Marqeta Research Finds UK Consumers Are Leading Global Adopters of Digital Payments, With Over Two-Thirds Now Comfortable Ditching Wallet For the Phone

Business Wire
by Business Wire0
In the last seven days, 80% of UK consumers surveyed reported using contactless payments, compared to 46% of US respondents. Half (50%) of UK respondents confirmed their cash usage had decreased over the past year, as comfort grows with the idea of a cashless society. Embedded finance opportunity builds as......
New FIS Research Shows UK Consumers Addicted to ‘Financial Doomscrolling’ Fuelled by Economic Angst
Fintech News

New FIS Research Shows UK Consumers Addicted to ‘Financial Doomscrolling’ Fuelled by Economic Angst

Business Wire
by Business Wire0
Half of UK consumers surveyed said they are “obsessed” with checking their banking apps and balances, according to new FIS research. Eight in 10 UK consumers are utilising financial apps – online banking and mobile wallets being the most common. Mobile banking is the top reason for respondents’ loyalty to......
Visa Reinvents the Card, Unveils New Products for Digital Age
Artificial Intelligence Finance Fintech News

Visa Reinvents the Card, Unveils New Products for Digital Age

Business Wire
by Business Wire0
Visa invites industry leaders to its annual Payments Forum to set agenda for the future of commerce Digital Identity and Generative AI (Gen AI) take center stage at San Francisco’s Moscone Center New innovations close the gap between in-person and digital commerce experiences The way people pay and get paid......
HSBC-Achieves-15%-Uplift-in-Monthly-Card-Spend-Using-FICO’s-AI-Powered-Optimization
Artificial Intelligence Fintech News

HSBC Achieves 15% Uplift in Monthly Card Spend Using FICO’s AI-Powered Optimization

Business Wire
by Business Wire0
The project saw a 15% uplift in monthly spend by customers on their cards, as well as improvements in active card use and share of wallet, without increasing bad debt. HSBC has won a 2024 FICO Decisions Award for AI, Machine Learning and Optimization. Highlights: HSBC is using FICO Platform......
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