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Card Companies Cut Credit Lines As Customers Skip Payments

PYMNTS

Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Customer spending limits are being cut by top credit card companies. Discover Financial Services said in a regulatory filing that more of its customers are asking to skip payments.

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J.D. Power study: POS payment landscape

The Paypers

Power has released its US Consumer POS Payment Program, which shows consumers using an average of four different payment methods, including credit cards, ewallets, and BNPL.

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