Search Results for: credit card

CFPB Action to Require Citizens Bank to Pay $9 Million Penalty for Unlawful Credit Card Servicing
Consumer protection laws News

CFPB Action to Require Citizens Bank to Pay $9 Million Penalty for Unlawful Credit Card Servicing

Fintech News Desk
by Fintech News Desk0
Citizens failed to properly manage and respond to customers’ credit card disputes and fraud claims Today, the Consumer Financial Protection Bureau (CFPB) reached a settlement to resolve allegations that Citizens Bank violated consumer financial protection laws and rules that protect individuals when they dispute credit card transactions. The CFPB alleges......
Federal Reserve Consumer Payment Survey Shows Continuation of Pandemic Trends, Including Rising Credit Card Usage and Enduring Demand to Hold Cash
Digital Payments News

Federal Reserve Consumer Payment Survey Shows Continuation of Pandemic Trends, Including Rising Credit Card Usage and Enduring Demand to Hold Cash

Business Wire
by Business Wire0
The Federal Reserve System’s FedCash Services (FCS) released a report from its ongoing research into the payment habits of the U.S. population. The 2023 findings from Diary of Consumer Payment Choice finds that consumer payment behavior remains consistent with the early pandemic, including a shift toward credit card payments and a......
Xiao-I Named Outstanding Supplier by China Merchants Bank Credit Card Center
Artificial Intelligence Banking News

Xiao-I Named Outstanding Supplier by China Merchants Bank Credit Card Center

Fintech News Desk
by Fintech News Desk0
Xiao-I Corporation, a leading cognitive artificial intelligence (“AI”) enterprise in China, announced that it has been recognized as an outstanding supplier by the Credit Card Center of China Merchants Bank Co, a leading and innovative commercial bank in China. This prestigious acknowledgement follows the Bank’s annual supplier assessment evaluation for......
CFPB Report Highlights Costly Credit Cards and Loans Pushed on Patients
Finance News

CFPB Report Highlights Costly Credit Cards and Loans Pushed on Patients

Fintech News Desk
by Fintech News Desk0
Financial companies work with healthcare providers to sign patients up for specialty credit cards and other targeted financing products Today, the Consumer Financial Protection Bureau (CFPB) published a report on high-cost specialty financial products, such as medical credit cards, that are sold to patients as a way to alleviate the......
EVS Reports Decrease in Credit Card Chargebacks Seven Months After Launch of AssurePay Solution
Digital Payments News

EVS Reports Decrease in Credit Card Chargebacks Seven Months After Launch of AssurePay Solution

PR Newswire
by PR Newswire0
Revolutionary credit card identification tool enhances EVS fraud protection bundle Electronic Verification Systems (EVS) has seen a steady decrease in its client’s chargebacks since the Oct. 2022 launch of AssurePay, a proactive solution that verifies consumer credit card information at the beginning of the payment process, instead of while it is being......
SmartMetric Welcomes The Announced End Of The Credit Card Mag Stripe With It Being Replaced By Fingerprint Biometric Cards
Fintech News

SmartMetric Welcomes The Announced End Of The Credit Card Mag Stripe With It Being Replaced By Fingerprint Biometric Cards

Business Wire
by Business Wire0
SmartMetric, Inc. – It is reported that Spain is the first European country that has officially announced the adoption of fingerprint activated biometric credit and debit cards that will not have a mag stripe. “We have been waiting a long time for this to happen and we are delighted that......
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......
Zurp Launches Credit Card and Banking Platform with 5.00% Annual Percentage Yield and Rewards Built for Gen Z
Banking News

Zurp Launches Credit Card and Banking Platform with 5.00% Annual Percentage Yield and Rewards Built for Gen Z

Business Wire
by Business Wire0
Zurp, a consumer fintech company on a mission to redefine finance and promote financial wellness, announced the public availability of the Zurp Card, a credit card and banking platform offering experience-focused rewards. The card is available for individuals 18 years and older and specifically built with Gen Z in mind.......
JCB and Joint Stock Commercial Bank for Foreign Trade of Vietnam launch VCB JCB Platinum Credit Card in Vietnam
News Trading

JCB and Joint Stock Commercial Bank for Foreign Trade of Vietnam launch VCB JCB Platinum Credit Card in Vietnam

Fintech News Desk
by Fintech News Desk0
JCB International Co., Ltd., (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) announced the launch of the Vietcombank JCB Platinum Credit Card. Latest Fintech Interview: Global Fintech Interview with Jyotirmoy Chakravorty, Founder at......
Swipe or Tap Your Way To A Home New Rocket Visa Signature Card Is The First Credit Card Designed with Homeownership in Mind
Fintech News

Swipe or Tap Your Way To A Home: New Rocket Visa Signature Card Is The First Credit Card Designed with Homeownership in Mind

PR Newswire
by PR Newswire0
Cardholders can earn 5% back toward a down payment or 2% toward their mortgage principal balance with Rocket Mortgage Rocket Companies,, a Detroit-based fintech platform company consisting of tech-driven financial businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money –  unveiled the Rocket Visa Signature Card, the first......
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