CFPB's Chopra reminds payments players they're in his sights
Payments Dive
JULY 14, 2022
In a blog post this week, the director reiterated that payments processors, credit card issuers and debt collectors are attracting scrutiny from his agency.
How to Accept Virtual Credit Cards
Cardfellow
MARCH 9, 2025
What are virtual credit cards? Virtual credit cards, as their name implies, are digital versions of credit cards. There is no physical card. Theyre linked to the customers account through their card issuer and used (primarily) for online purchases. How do customers pay with a virtual credit card?
Credit Cards 
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FICO Blogger Scott Zoldi Named to Analytics 50
FICO
OCTOBER 6, 2016
One of the key contributors to this blog, Dr. Scott Zoldi, has just been named one of the winners of the first Analytics 50 Awards by Drexel University’s LeBow College of Business and CIO.com. The awards program honors 50 executives who are using analytics at their organizations to solve business challenges.
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Coinbase Doesn’t Accept Credit Cards As A Payment Method Any Longer
PYMNTS
FEBRUARY 15, 2018
13) that it disabled the ability for customers to add new credit cards as a payment method for those in the U.S. We know many customers have added credit cards as their primary payment method; we did not make this decision lightly. customers should switch their payment method to debit card or a bank account.
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Staged Digital Wallet Fees
Cardfellow
JUNE 14, 2025
With a staged wallet, the card issuer or card network doesn’t necessarily know what type of card was used or other useful information. The post Staged Digital Wallet Fees appeared first on CardFellow Credit Card Processing Blog. The wallet essentially acts as a middleman.
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PayPal Deals With Chase, Citi Enables New Ways To Pay
PYMNTS
JULY 21, 2017
In a blog post yesterday, PayPal said the deal with JPMorgan Chase will drive increased choice, flexibility and value for their joint customers, as well as enable the company to make further inroads into physical stores. card issuers, Magats said. “We said Dan Schulman, president and CEO at PayPal, in the post.
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Fizzle Of The Week: The Incredible Shrinking Rewards Offerings
PYMNTS
JANUARY 4, 2019
One might say that card issuers were throwing rewards at customers like they were going out of style — particularly in light of the fact that these days it seems they have in fact gone out of style. In fact, in some cases, being so generously rewarding is actually costing card issuers money, instead of making it for them.
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Brazil’s Google Pay Users Can Now Pay With Debit Cards
PYMNTS
OCTOBER 14, 2019
Latin America Google Pay exec Joao Felix said that there are 60 million people with debit cards in Brazil and only 50 million with credit cards. Increasing and enabling debit card payments will help Google to grow, he said. . So will Mastercard, Visa, Elo, iFood and Rappi. . In June, Google Pay announced support for PayPal.
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Will Your PSD2 Customer Authentication Stop Jenny’s Purchase?
FICO
NOVEMBER 28, 2017
In a previous blog I have written about the messaging that is, or rather isn’t happening to consumers around PSD2. We are now seeing some attempts to educate the public, though this is often hidden in the issuing of new terms and conditions for bank accounts, or in media scare stories that suggest a customer data free-for-all.
Google Pay Users In Brazil Can Now Pay With Debit Cards
PYMNTS
OCTOBER 14, 2019
Latin America Google Pay exec Joao Felix said that there are 60 million people with debit cards in Brazil and only 50 million with credit cards. Increasing and enabling debit card payments will help Google to grow, he said. . So will Mastercard, Visa, Elo, iFood and Rappi. . In June, Google Pay announced support for PayPal.
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Nearly Half Of Americans Are Confused About Credit Card Rewards
PYMNTS
APRIL 17, 2018
While consumers are definitely out of the loop when it comes to their rewards credit cards, they aren’t the only ones to blame,” NextAdvisor wrote in the blog post. Since credit card issuers are in control of their cards’ rewards and redemption opportunities, it’s clear that some issuers are also failing to educate their cardholders.”.
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UK Credit Card Trends: Cost-of-Living Stress Starts to Show in Data
FICO
JUNE 28, 2022
UK Credit Card Trends: Cost-of-Living Stress Starts to Show in Data. FICO’s report of April 2022 UK card trends shows some early signs of the impact of the widely reported cost-of-living pressures. chevron_left Blog Home. UK Cards Report: Credit Card Payments Yet To Show Signs Of Distress. Darcy Sullivan.
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UK Cards Data: Cardholders Spent More in February, But Paid Less
FICO
MAY 9, 2023
These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers.
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News Flash: ATM Fraud in the US Jumps Sixfold
FICO
APRIL 8, 2016
We first blogged about sharp growth in ATM fraud last May, and the trend we saw then has only gotten worse. It has also taken on some new patterns: shorter compromises with fewer cards. Here are some tips: If an ATM looks odd, or your card doesn’t enter the machine smoothly, consider going somewhere else for your cash.
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UK Cards Data: September Data Shows Rising Consumer Stress
FICO
NOVEMBER 29, 2022
UK Cards Data: September Data Shows Rising Consumer Stress. With the rise in inflation and soaring energy costs in the UK, it’s no surprise that our data on UK card trends for September 2022 offer clear signs of consumer indebtedness. How FICO Can Help You Manage Credit Card Risk and Performance. chevron_left Blog Home.
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UK Card Risk Trends: Summer Data Indicates Challenges Rising
FICO
OCTOBER 19, 2022
UK Card Risk Trends: Summer Data Indicates Challenges Rising. FICO’s report of UK card risk trends for summer 2022 (June-August) paints a picture of inconsistent consumer behaviour and market patterns which will be challenging for lenders to manage as the cost-of-living crisis impacts financial spending and consumer finances.
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UK Card Delinquency Roll Rates Creep Higher
FICO
FEBRUARY 28, 2019
Balance roll rates — overdue balances on UK cards that go from one 30-day cycle to the next without repayment — moved slightly higher in 2018. Our analysis of data from 11 card issuers across the UK shows the areas that warrant attention from card issuers. From Current to 1 Cycles. At their peak in 2006, 5.2%
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Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update
FICO
JUNE 7, 2022
Previously, these were published on the FICO Community, but going forward they will be published on the FICO.com blog. Previously, these were published on the FICO Community, but going forward they will be published on the FICO.com blog. FICO® Advisors regularly monitor in-depth data reported by Canada’s leading credit card issuers.
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UK Cards Data: Increase in Cardholders Missing Two Payments
FICO
MARCH 23, 2023
These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80 percent of UK card issuers.
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UK Card Spend Reaches Highest Level Since at Least 2006
FICO
FEBRUARY 22, 2023
These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client finance reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers.
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UK Credit Cards: More Consumers Missing Second, Third Payments
FICO
JANUARY 24, 2023
These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80 percent of UK card issuers.
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Managing Persistent Debt, Static Delinquency and IFRS 9
FICO
MARCH 15, 2019
Clearly, the UK regulator felt organisations were not doing enough and prescribed what should be done on card customers who qualified as persistent debtors. FICO Blog[/caption]. How can it still be ignored by card issuers dealing with persistent debt and IFRS 9? Persistent Debt. The decision tree below seems appropriate.
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Credit Card Fraud: It’s Still a Thing (and as Big as Ever)
FICO
JANUARY 22, 2021
Last year I blogged a lot about how payments and fraud patterns have changed. But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Special Tools to Combat Credit Card Fraud.
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The Top Payment Methods For Small Businesses
Stax
APRIL 10, 2025
Contact us 10 Top Payment Methods for Small Businesses Credit and debit card payments Card payments (credit cards and debit cards) account for 50% of the total number of small business transactions and remain the primary way customers make purchases on-site and online.
Fraud Predictions 2020: It Could Happen to You
FICO
DECEMBER 23, 2019
One of the most popular FICO blogs is Sarah Rutherford’s “What is Authorised Push Payment Fraud?” Liz Lasher recently blogged about FICO’s new authentication and identity proofing solutions , which provide much stronger methods of proving who you are, including voice, behavioral biometrics and more. The Scams You Don’t Hear About.
US Bankcard Industry Benchmarking Trends: 2022 Q1 Update
FICO
JUNE 16, 2022
FICO releases quarterly US Bankcard Industry Benchmarking trends, previously these were published on the FICO Community but going forward will be published on FICO.com blog. The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution.
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Survey: When Do Fraud Controls Ruin the Customer Experience?
FICO
MARCH 9, 2022
Our survey showed a positive outlook for banks and card issuers investing and innovating significantly in the digital space. When you consider that 66 million credit cards were issued in the UK from January 2012 to February 2020, this is a problem and a significant risk. Read our blog on our new Retail Banking 3.0
How Much Do Credit Card Companies Charge Merchants?
Stax
JANUARY 10, 2024
The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), In addition to generating revenue for the card network, the purpose of credit card transaction fees is to cover operational costs and risk management.
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Elo Reduces Payment Network Fraud by 30% With FICO Fraud Analytics
FICO
MAY 31, 2022
Elo, one of the largest and most innovative payment providers in Brazil, has used FICO® Falcon® Fraud Manager to reduce fraud by 30 percent for card issuers using its payment network. Read this blog on why proactive customer communication is so important for fraud prevention . Reducing fraud during an e-commerce boom.
US Bankcards Industry Benchmarking Trends: 2023 Q1 Update
FICO
JUNE 1, 2023
Looking ahead, 2023 could have some bumps in the road for consumers and those who are trying to manage risk in a credit card portfolio. If you are a consumer that is falling behind, you can reach out to your credit card issuer for help.
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US Bankcard Industry Benchmarking Trends: 2022 Q2 Update
FICO
AUGUST 16, 2022
To relieve some of this pressure, more credit card issuers are turning to digital communications. If you have questions or are interested in discussing these insights in more detail please contact me, Leanne Marshall, through comments on this blog or at leannemarshall@fico.com. chevron_left Blog Home. Saxon Shirley.
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UK Cards: Spend and Balances Rose in March / April 2023
FICO
JUNE 27, 2023
Key Trend Indicators – UK Cards March 2023 Key Trend Indicators – UK Cards April 2023 These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. How to Turn UK’s Consumer Duty Compliance to Your Advantage
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UK Credit Cards: Are "Established" Accounts in Trouble?
FICO
APRIL 19, 2023
Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service.
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European Card Fraud in 2021: Winners, Losers and Scams
FICO
SEPTEMBER 5, 2022
European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. As such, the UK’s challenges and successes can be instructive for card issuers in other countries across Europe.
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Persistent Debt Regulation and Advanced Analytics
FICO
MAY 7, 2019
Instead, the policy requires card issuers to take a number of escalating steps, informing the customer after 18 and 27 months of persistent debt, and eventually going through a forbearance process before month 36, which might include actions like card closure and interest waivers. Decision Options.
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6 Ways Embedded Payments Benefit B2B Accounting SaaS
Exact Payments
AUGUST 23, 2023
In this blog, we’ll look at these and other ways embedded payments can provide positive benefits and sustainable growth for your B2B recurring billing and subscription management SaaS. Customers will also appreciate features like a wide variety of B2B payment options, lower fees, payment automation/reconciliation, and fast onboarding.
UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis
FICO
SEPTEMBER 13, 2022
UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis. Changes in card management, customer behaviour and regulations make card delinquencies and other trends very different from the crash of 2008. How FICO Can Help You Manage Credit Card Risk and Performance. chevron_left Blog Home. Darcy Sullivan.
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52 Navigating A Perfect Storm Of Payments Disruption
PYMNTS
JUNE 8, 2016
They will also share stories on how these and other challenges have dramatically held some card issuers back. As a trusted advisor, Alexander is often asked to share her perspectives at key industry conferences as well as through security-focused blogs and articles. Hannah Preston.
Falcon Intelligence Network: A Fraud Consortium for Fraud-Fighting Machine Learning Innovation
FICO
MARCH 25, 2021
FICO’s chief analytics officer, Dr. Scott Zoldi, unpacks unsupervised models, which he refers to as “little crystal balls” in this great blog post. . Performance benchmarking: FICO provides cloud-based model performance benchmarking dashboards that banks and card issuers can use to assess their fraud management strategies.
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5 Keys to Using AI and Machine Learning in Fraud Detection
FICO
JULY 2, 2018
When consumers get a call, text, email or in-app messages from their card issuer asking them to validate a transaction, or informing them of fraud on their card, they may not even suspect that behind this bit of excellent customer service are a brilliant set of algorithms, such as neural networks.
Managing Economic Uncertainty with a Customer-centric Approach
FICO
OCTOBER 30, 2019
Although I still have accounts with the credit union in my story, I also have financial relationships with multiple banks, credit card issuers, and investment organizations. In my next blog, I will discuss how to identify the data sources you will need. Wrangle the data so it can be effectively used for analysis.
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Troubleshooting Venmo Payment Declines and Issues
Payment Savvy
JUNE 12, 2023
If you find yourself facing the all too frequent Venmo “there was an issue with your payment” predicament, we hope to alleviate some of the anxiety through this blog post today. There are several reasons why a ‘Venmo payment declined’ issue might exist.
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52 Data Dive, Thinking Big Edition: Amazon, Google And Ripple
PYMNTS
MAY 7, 2018
percent of each credit card transaction plus 30 cents, which is shared among Amazon, card issuers and payment networks. Amazon is also offering discounts to merchants who use its online payments service. According to Bloomberg, online merchants using Amazon’s service have paid about 2.9 Google Pay Takes The Web.
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5 Keys to Using AI and Machine Learning in Fraud Detection
FICO
JULY 3, 2018
When consumers get a call, text, email or in-app messagea from their card issuer asking them to validate a transaction, or informing them of fraud on their card, they may not even suspect that behind this bit of excellent customer service are a brilliant set of algorithms.
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