Fintech startup Imprint Payments, which helps retailers like Brooks Brothers offer co-branded credit cards, has reached a valuation of $1.2 billion in a new funding round led by Khosla Ventures https://t.co/hpcw5gcqqN ...

With many Americans feeling economically anxious about the holiday season, consumers are increasingly turning to credit cards and "buy now, pay later" financing arrangements. On this week's episode of Financial Freestyle, host Ross Mac speaks with Tanuj Parikh, the head of commercial at Cash App, about the rise of digital payment apps and how they are transforming the financial lives of younger shoppers. Tanuj discusses splitting purchases into multiple payments, ways to spend within your budget, and the ra ...

On this episode of Odd Lots — all things credit cards: how many people don't pay their balance on time, swipe fees, rewards and interest rates of 23%.@TheStalwart and @tracyalloway get into the nitty-gritty with Wharton finance professor Itamar Dreschler. Listen wherever you get your podcasts https://t.co/AEd4owMj6W ...

how does klarna make money if they charge 0 interestDan Baltic (@baltic_dan):I don’t understand Klarna. Do you guys not have credit cards ...

Decoding Retirement Host Robert "Bob" Powell leads a panel of financial professionals, including Focus Partners Wealth chief planning officer Jeffrey Levine, Silvur founder Rhian Horga, and Lazetta & Associates founder Lazetta Rainey Braxton, as they answer money questions sent in by real Yahoo Finance viewers. The panel discusses hot-button topics like whether credit card points are really worth it, the usefulness of a financial advisor, and the IRA rules everyone should know. Bob also answers viewer quest ...

The Federal Reserve just cut interest rates by a quarter point. So, what does that mean for your money. I'm Sharon Eperson, senior personal finance correspondent at CNBC and the author of the Money 101 newsletter.Now, taking a quick look at the Fed funds rate, we're now seeing it in a range between 3 and 3/4 and 4%. That is not the rate that consumers pay, but it's the rate that consumers need to pay attention to for their borrowing costs and savings rates. Variable rate loans, they're going to get hit firs ...

Consumer Behavior - High-spending, low-risk consumers are consolidating multiple high-fee credit cards into a single card [1] Industry Strategy - Card issuers are competing to become the primary, indispensable credit card for consumers [1]

Many high-spending, low-risk consumers with multiple high-fee credit cards are choosing just one of them, and card issuers seek to become the one card they can’t live without https://t.co/JvWLM7hcx5 ...

Consumer Behavior - High-spending, low-risk consumers are consolidating multiple high-fee credit cards into one [1] Credit Card Industry - Card issuers are competing to become the single, indispensable credit card for consumers [1]

Market Trends & Adoption - Buy Now Pay Later (BNPL) usage continues to grow across consumer segments and is becoming ubiquitous in online and in-store shopping [1] - The industry observes widespread adoption of alternatives to credit cards, presenting a significant opportunity to disrupt the US credit card industry [3] - In 2024, an estimated 865 million Americans used BNPL, and this number is projected to rise to 915 million in 2025 [4] Impact on Financial Institutions - BNPL plans are changing consumer spending habits by offering short-term installment options as an alternative to credit cards [2] - Big banks and financial institutions have reasons to be cautious of consumers using BNPL plans, especially with the growing number of users [3] - BNPL represents a significant gap in understanding consumer credit quality [4] Challenges & Opportunities - Credit cards have struggled to adapt to consumers' needs [2] - The industry is in a transition period with skepticism and uncertainty surrounding new products like BNPL, as traditional institutions protect their own products [4]