Credit rating agency S&P Global Ratings predicts that banks will lose $1.8 trillion in 2020 and 2021 combined, reported Live Mint. This is an improvement compared to its July 2020 forecast of $2.1 trillion.
For 2020 only, S&P shows that...
Due to the continuous popularity of tap-to-pay systems, credit and debit cards with horizontal designs are soon turning into vertical ones.
Chip readers and tap-to-pay have steadily evolved to replace the need for swiping cards with a magnetic strip on...
IndiGo, India's leading airline, has revealed additional incentives for its '6E Rewards' credit cardholders to mark the successful one year of its 6E Rewards credit card. For every spend of Rs. 4000, the members get guaranteed benefits.
IndiGo has also...
The Internal Revenue Service (IRS) Notice 2021-20 provided a comprehensive guide on how employers can claim the employee retention credit for the 2020 calendar quarters. The Coronavirus Aid, Relief, and Economic Security (CARES) Act formed the credit.
The IRS claims...
Americans have managed to repay a record of approximately $83 billion in credit card debt last 2020. According to the Atlanta Journal-Constitution, the figure comes as a surprise as Americans usually averaged about $54.2 billion in credit card debt...
Another partnership between Chase and United Airlines will launch the new United Quest card. On March 21, United credit card holders' accounts will automatically be transferred to the new credit card.
The old United Platinum Class Visa card will be...
The United Kingdom saw a decrease in credit card spending in 27 years, reported The Guardian. This slump in credit purchases is attributed to the second month of the current lockdowns, which prevented consumers from using their cards on...
Instacart Inc., an online grocery delivery and pickup company, and DoorDash, a food ordering and delivery company are preparing to introduce their credit cards, according to a report published by The Wall Street Journal.
The two companies in the United...
China's government is increasing pressure on car manufacturers to speed up the expansion of green vehicles or pay competitors like Tesla and Chinese firms for green car credit as a result of a change of policy.
Regulators are giving a...
Republican Senator Josh Hawley announced Monday, April 26, 2021, the introduction of a new bill to the Senate that would provide married couples with access to a total of $12,000 in child-parent tax and single parents with $6,000 in...
