Payment method

How to prepare for a recession if you are -2-

People should also be aware of the risks of “old-school predatory lending,” Williamson added, including payday loans, auto-title lenders and rent-to-own businesses. Payday lenders in particular tend to settle in communities of color, Williamson said, and are marketed as easy ways to get money. Often these loans come with high rates. “They have an established […]

Credit card

Cashier pays for customer’s groceries after credit card declined

As economic conditions continue to tighten around the world, many know the dreaded feeling of financial anxiety all too well. The cost of groceries continues to rise, filling up with gas is becoming more of a burden, and rental prices seem to be skyrocketing with no end in sight. On July 3, 2019, in Somerset […]

Digital wallets

Finovate Global Pakistan: Integrated Finance, Digital Wallets and Payment Apps

Pakistan-based integrated finance platform Neem this week forged a strategic partnership with BPC. The first Pakistani fintech to be enabled by BPC, Neem will use the Smart Vista platform to power its integrated financial infrastructure. Neem targets the over 200 million consumers and 3.3 million micro, small and medium enterprises (MSMEs) that are unbanked or […]

Digital wallets

1 in 4 consumers use digital wallets in grocery stores

Digital wallet adoption is on the rise in grocery stores, and merchants that don’t yet accept mobile payments may need to ramp it up if they want to stay competitive. In numbers Data from PYMNTS’ new study “Connected Wellness: The Next Prescription for Healthcare Providers — Digital Wallets,” which is based on a September survey […]

Payment method

Kim and McGuire face off in Lake County Treasurer’s campaign – Chicago Tribune

Four years after becoming Lake County treasurer in a 2018 blue wave election, Mundelein Democrat Holly Kim faces a challenge from Republican Paula McGuire of Green Oaks. Kim touts nearly $10 million in investment income earned in 2020, up from $2 million four years ago, the launch of online billing to reduce printing and postage […]

Digital wallets

Popular digital wallets for healthcare payments

Many consumers know they can use digital wallets to pay for clothes, food, and groceries, but how many realize they can use digital wallets at the doctor’s office? The answer: a lot. Projections show that 62 million U.S. consumers made their last healthcare payment using a digital wallet in Q3 2022, actually making these payments […]

Credit card

Westpac NZ offers a no-fee credit card

New Zealanders can now apply for a completely free credit card, providing another way to manage their finances amid the rising cost of living. No annual fee No exchange fees No late fees No card replacement fees Westpac NZ Managing Director for Retail Banking and Wealth Management, Ian Hankins, said the Westpac Fee Free Mastercard® […]

Direct debit

British Gas reduced my mum’s energy bill by direct debit from £80 to £800

My mother, who is 85, has osteoarthritis and had hip replacement surgery earlier this year, from which she is still recovering. She lives alone in a two-bedroom flat in a remote part of Devon and recently received a bill from British Gas saying her direct debit payments will be increased from £80 a month to […]

Digital wallets

Globant Launches WaaSabi Platform, Allowing Customers to Add Digital Wallets to Any Digital Experience

WaaSabi’s Wallet-as-a-Service API Platform Extends Innovative, Customer-Centric Digital Payments Capabilities to All Businesses Across All Industries SAN FRANCISCO, October 24, 2022 /PRNewswire/ — Global (NYSE: GLOB), a digital native company focused on reinventing businesses through innovative technology solutions, today announced the launch of WaaSabi, a wallet-as-a-service solution that exposes a single API that enables businesses […]

Credit card

The American consumer resists despite inflation and the risk of recession

Shoppers carry bags in San Francisco, Calif. on Thursday, Sept. 29, 2022. David Paul Morris | Bloomberg | Getty Images U.S. consumers have demonstrated their willingness to keep paying higher prices in the face of a sluggish economy that could tip into a recession, credit card giants say American Express and Bank of America. On […]

Payment method

How to Get a $2,000 Personal Loan – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Borrowing a $2,000 personal loan could help you out of a tough spot, whether you need to cover a medical bill, a car repair, or some other expense. While some lenders require […]

Digital wallets

53% of online purchases will be made by digital wallets by 2025

Mobile/digital wallets have become a mainstay of online payments in a short time. According to figures presented by SafeBettingSites.com, mobile/digital wallets will account for 53% of all e-commerce transaction volume by 2025. 49% of online purchases made through wallets in 2021 Mobile/digital wallets were unknown until ten years ago. However, in a short time, they […]

Direct debit

Martin Lewis energy bill warning to anyone paying by direct debit

Consumer rights champion Martin Lewis has issued new warnings to all energy customers across the country, returning to small screens nationwide for a new round of his Money Show Live this week. The financial guru devoted the first part of the program to the current energy crisis facing Britons – following Chancellor Jeremy Hunt’s cut […]

Credit card

Reduce your credit card interest rate in a few simple questions

Save Me Steve: Fight Credit Card Interest FOX 4’s Steve Noviello has tips on how you can save money with rising interest rates. As inflation continues to climb, the price you pay for interest on your credit cards could rise again. With more and more people turning to credit to combat the crushing costs of […]

Digital wallets

Visa and Thunes extend Visa Direct’s reach to 1.5 billion digital wallets

SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE:V) partners with Thunes to help individuals and small businesses move money internationally to 78 digital wallet providers, reaching 1.5 billion digital wallets in 44 countries and territories. This partnership will now expand Visa Direct’s reach to nearly 7 billion terminals, including more than 3 billion cards, more than 2 billion accounts […]

Payment method

US bank earnings show consumer finances ‘do not show high risk’

By Andrew Keshner Prices continue to soar as September inflation data came in higher than expected earlier this week Despite all the worries about pinching inflation and the possibility of a recession, just-released big bank earnings reports indicate that the wallets of many ordinary Americans are generally holding up as they do facing higher prices […]

Credit card

How long it can take to close a credit card

Although getting a credit card is easy these days, closing it could be a very boring experience. In accordance with the rules, it is essential that credit card companies act on close requests made by customers. To avoid losing a customer, credit card representatives do their best to persuade the user to keep the card. […]

Direct debit

MoneySavingExpert by Martin Lewis warns of loophole in automatic energy withdrawal from prepayment meters

Martin Lewis’ MoneySavingExpert is urging customers to follow an energy payment loophole in order to curve bills. The loophole is for smart meter users who will receive the first £66 as part of the £400 cost of living payment. 1 MSE urges smart meter providers to rethink how they distribute first £66 cost of living […]

Payment method

Decentralized finance has real potential to break down barriers

Decentralized Finance (DeFi): There are a myriad of misconceptions about decentralized finance that have contributed to a widespread misunderstanding of what this technology really is. Many people wrongly accuse this emerging industry of being an opaque set of schemes that serve to enrich the rich while enticing retail investors to gamble their money. However, that […]

Credit card

Why banks want you to swipe a new credit card soon – Times of India

MUMBAI: Credit card-issuing banks make every effort to ensure that customers use their cards within a month of receiving them. On the anvil are early use offerings, linking fee waiver to use and more intensive communication with customers. In August, exceptional credit card shrunk by 22.6 lakh like new RBI Standards Has entered into force. […]

Digital wallets

Digital wallets cause over $48 billion in e-commerce losses worldwide: report

Triggered by the growing use of digital wallets, the total cost of e-commerce fraud for merchants is expected to exceed $48 billion globally in 2023, up from just over $41 billion in 2022, according to a published report. Wednesday. This growth will be accelerated by the increasing use of alternative means of payment, such as […]

Digital wallets

What does the future look like with digital wallets? | by Jan | October 2022

Ref: Unplash.com Our physical wallets have always been an essential part of our lives. We use it to hold our parking tickets, receipts, money, vaccination card, rewards card, coupons, debit cards, credit cards and a few of our driver’s licenses and cards national identities. And it was the de facto for physical wallets since it […]

Credit card

How to do a credit card balance transfer with Citi

Credit Cards / Balance Transfer Poike / Getty Images / iStockphoto Citi® has a rich history dating back to 1812, when a group of merchants worked together to help New York’s banking system compete with early banking competitors in Philadelphia, Boston and Baltimore. Today, the company is the world’s most global bank, supporting clients in […]

Digital wallets

How Digital Wallets Have Fared Over the Past Year – Tearsheet

Consumers in the United States – as well as in many countries around the world – have experienced six months of historic inflation. It affects their financial well-being, slows progress towards their financial goals, and impacts how they interact with payment providers. According to a recent Morning Consult report, U.S. consumers with annual household incomes […]

Customer payment

Faysal Bank and K-Electric collaborate to facilitate customer payment

CARACHI: Faysal Bank Limited (FBL)one of the main Islamic banks in the country, and K-electric have come together to ease the payment burden for customers in times of economic crisis. As part of this collaboration, Faysal Islami Noor cardholders will now be able to pay their electricity bills through easy installment plan options of up […]

Credit card

What is an annual fee on a credit card? | Credit card

I’ve heard a lot of people say they would never pay annual credit card fees. And I completely understand the logic behind that. But, like most things in life, there are exceptions to the rule. So, before we forego annual credit card fees for eternity, let’s take a look at why some credit cards charge […]

Digital wallets

Italian digital wallets aim for interoperability

When PYMNTS assessed the digital payments landscape in Italy for the “Benchmarking the EU’s Digital Engagement” series, it was observed that the country ranks in the middle of the table for mobile wallet usage. Indeed, Italians use the payment method for 42.1% of online transactions and 18.7% of in-store purchases. And although the country scored […]

Payment method

How Access to Earned Wages Beats Payday Loans, Payday Advances and BNPL – Hands Down

Imagine that your refrigerator breaks down and you have no savings. You need a new, stat. In some cases, you may need to consider using Buy Now Pay Later or even a payday loan. But that could land you in even more conflict with high interest charges or missed payments. Instead, you may be able […]

Credit card

Credit card interest rates are rising. Here’s how to manage your debt

Editor’s note: A version of this story was originally published on January 31, 2022. Interest rates are going up this year on all kinds of consumer debt, and that’s bad news for those with a credit card balance. The Federal Reserve pushed interest rates higher in an ongoing campaign to fight inflation, announcing three consecutive […]