Payments News
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Reports

The Maxed-Out Credit Card Capital Of The U.S. Is…

“Nearly 1 in 3 cardholders in Bridgeport, Conn. have a maxed-out credit card. That’s the highest percentage among the nation’s 100 largest metropolitan areas, according to a new report from CompareCards.com, but plenty of other big American city residents are not far behind. CompareCards analyzed an anonymized sample of credit reports from 1.3 million My […]

On The Web

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Reports

Consumer Loyalty to Using Credit Cards May Be Swayed by Digital Alternatives

“Digital wallets and other forms of digitized payments may be poised to take over the most-favored position for some consumers. Sixty-six percent of consumers, if offered rewards, discounts and cash-back incentives similar to those offered by credit cards, would switch to alternative ways to pay, finds the 2019 edition of the Deloitte Center for Financial […]
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Glenbrook

U.S. Faster Payments Council Reveals Results From Inaugural Faster Payments Barometer

“Overall, survey participants view the United States as falling behind the rest of the world when it comes to faster payments adoption. Fifty-nine percent of survey respondents indicated that the U.S. is not making “satisfactory progress toward faster payments adoption.” Reasons cited for the U.S. being behind included “existing faster payments systems have not yet reached ubiquity […]
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Reports

U.S. FASTER PAYMENTS BAROMETER — SURVEY RESULTS

“Glenbrook and the U.S. Faster Payments Council (FPC) are pleased to present results from year one of the U.S. Faster Payments Barometer. In the inaugural survey, over 700 industry professionals with broad representation from across the ecosystem responded. Results revealed how respondents are using faster payments today, the challenges facing their organizations, and what the industry […]
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Reports

Federal Reserve Finds Strong Support For Its Real-Time Payments, Concerns Over Timing

““ Over 90 percent supported the Federal Reserve operating a round-the-clock real-time payment and settlement service alongside services provided by the private sector,” the Fed said. Almost every comment — from community banks, regional banks, retailers, associations of convenience stores and gas stations, and e-commerce giants, favored a Fed real-time payment system. The main exceptions […]
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On The Wires

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Reports

Nacha’s Payments Innovation Alliance and the U.S. Faster Payments Council Launch the Faster Payments Playbook

“The Playbook is a co-branded industry resource developed by the two groups that will help stakeholders level-set on faster payments developments, assess the benefits and requirements of faster payments, and navigate the process of developing a faster payments strategy. While the current iteration of the Playbook focuses on developing a faster payments strategy for financial […]
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Reports

Spending on U.S. Credit, Debit, and Prepaid Cards to Top $10 Trillion

“Spending for goods and services initiated by credit, debit, and prepaid cards issued in the United States, which totaled $7.266 trillion in 2018, is projected to reach $10.086 trillion in 2023 according to statistics released this week from The Nilson Report, the leading card and mobile payment industry trade publication.  At the end of 2018, there were 6.96 billion credit, […]