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Acquisition of top-20 issuer to provide Ally Financial with “instant capability and scale” in the credit card space
Use of smartphone-based point-of-sale payment methods increased by more than a third in 12 months, and will hit $2 trillion in three years’ time
It’s time for banks to stop working against what customers are telling them and start solving the right problems in the right ways
A third of Americans named cash as their favourite means of payment
They’re willing to take the chance for the opportunity to net a big score
Q3 2019 figures indicate “sound credit management” by consumers as total number of accounts falls for only the second time in seven years
The Rhode Island-based bank says legal action from the consumer regulator is “unwarranted” and ignores previous remedial work
The bank’s troubles are still closer to the front windshield than the rearview mirror
Global digital payments will total $6.7 trillion by 2023, with the US and China expected to dominate peer-to-peer and point-of-sale sectors
Credit card late payments fell but auto, home and personal loans all saw delinquencies rise in Q3
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