U.S. GDP estimated at -4.8% for First Quarter – But Don’t Panic
If you have been sheltering in a bunker, isolated from the outside world, you might have been surprised at Wednesday’s...
American Express Quarterly Profits Plunge 76%: Analysts Again Underestimate the Severity of the Crisis
Time and again, the COVID-19 pandemic has outstripped the capacity of forecasters and analysts to react. Unemployment claims have consistently...
The Coronavirus and the Payments Industry: Big Deal or Much Ado about Nothing?
We are living in anxious times. With COVID-19 still spreading, but no real data on how widely and how fast,...
East West Bank’s Jessie Sandoval Predicts Technology Will Drive Payments in the 2020s
Banking and CIO Outlook recently published an opinion article by Jesse Sandoval, the SVP & Director of Global Payments at...
One Way to Resolve Rising Credit Card Debt – Take the Card Away
An article in The Guardian refers to the upcoming deadline under the Financial Conduct Authority’s Affordability Rules for lenders to...
Consumer Spending Keeps on Going. Will it Continue?
Consumer spending is an important economic indicator and can be a great way of evaluating the health of an economy....
PayPal Claims CFPB Prepaid Rule is Unconstitutional
When Mercator first reported on the new prepaid rules back in March 2018, we pointed out that PayPal would likely...
Blurring the Lines between Tech and Banking
The narrative on fintechs has been consistent for many years—fintechs pose a direct threat to banks. PWC released a report in...
Paypal Bails on Facebook-Led Libra Cryptocurrency Dream
On Friday, various news outlets, starting with the Wall Street Journal, reported that PayPal was likely to abandon its membership...
Apple Credit Card Review: “Good Initial Implementation, but Lots of Room to Grow”
A recent Wall Street Journal article reviews the new Apple credit card and offers a largely lukewarm assessment. Having used...
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