The Motley Fool: Dave Ramsey Says Life Is Better Without Credit Cards but Here Are 5 Reasons Why It’s Actually Worse Finance expert Dave Ramsey does not believe you should have any credit cards. In fact, he has said, “Plain …
Inflation Is Forcing 26% of Americans to Stop Paying Off Debts Given the way inflation has been wreaking havoc on consumers since mid-2021, it’s easy to see why some people may have racked up debt over the past year. Or, …
Payments Journal: Are Financial Institutions Facing a Dystopian Future as Fraud-as-a-Service Escalates? Financial automation systems are prime targets for intentional attacks—as well as misuse and manipulation—from bad actors. This situation is escalating for financial companies that are dependent on their …
Payments Journal: Rethinking Commercial Credit Cards in a High Inflation Environment The United States, and much of the world, is facing an inflationary environment not seen in more than 40 years. Persistent, high inflation is proving to be stubborn and …
American Banker: Buy Now/Pay Later Fintech Afterpay Debuts Interest-Bearing Loans Afterpay is no longer just a “Pay in 4” buy now/pay later lender. The fintech, a unit of Block, is adding a monthly payment option at the point of sale …
CNBC: Mastercard Pushes Deeper into Crypto with New Tool for Combating Fraud Mastercard will debut a new piece of software that helps banks identify and cut off transactions from fraud-prone crypto exchanges. Called Crypto Secure, the system uses “sophisticated” artificial …
CNBC: Only About 30% of Millennials Are Comfortable Investing in Crypto, Down From about 50% in 2021 Cryptocurrency’s popularity with American investors is on the decline. In 2022, only about 21% of Americans feel comfortable investing in cryptocurrency, according to …
Furniture Today: How Did the Pandemic Change the Way Consumers Make Major Purchases? While there is plenty of anecdotal evidence showing how the pandemic changed the way consumers shop, Synchrony quantified it, noting that 76% of consumers polled use their …
Digital Transaction : Usage of Debit Cards Tops That of Credit Cards Consumers’ usage of debit cards has finally surpassed that of credit cards. Through the second quarter of 2022, 56.2% of consumers preferred debit as their primary payment card, …
CNBC: One of the biggest credit card misconceptions is that carrying a balance month to month will give your credit score a boost. To that point, 46% of Americans incorrectly believe that leaving a small balance on their card is …