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November 27, 2023

On the web

December 30, 2019

On the web

You may be surprised by who carries the most credit card debt

Washington Post

“Turns out, Americans with a net worth of more than $100,000 are more likely to have credit card debt than people who have a negative net worth. Taking a deep dive into the numbers, 58 percent of people with this level of net worth owe at least $2,500, and 39 percent are carrying at least $5,000, Bankrate.com found.”

November 15, 2019

On the web

June 10, 2019

On the wires

May 13, 2019

On the web

73 Percent of Young Canadians Are More Likely to Shop Online Than In-store: Survey


“A new study from Payments Canada finds that more and more Canadians between the ages of 18-34 are turning towards high-tech payment options. According to the payment management association, 73 percent of Canadians in this age group are more likely to shop online than in-store because they find the payment process more convenient. This is notably higher than the average of 58 percent of Canadians who would do the same.”

May 10, 2019

Top Post

One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed Finds

Wall Street Journal (paywall)

“Fed Gov. Lael Brainard said in a speech Friday that the Fed’s 2018 Survey of Household Economics and Decisionmaking, expected to be released later this month, would show that while economic security has been “marginally” improving, many U.S. citizens—both in- and outside the middle class—were still in a position of “financial fragility.” Americans’ widespread inability to shoulder an emergency expense “is something that is very pronounced in recent years, and we should be taking a hard look at it,” Ms. Brainard said. “It’s still a pretty large percentage of our respondents who find it difficult…to meet what may seem like relatively manageable expenses.””

February 8, 2019

On the web

December 5, 2018

On the web

December 4, 2018

On the web

September 7, 2018

On the wires

January 3, 2018

On the web

Florida Man Punches ATM For Giving Him Too Much Money

Payments Week

“One of the great memes of recent years was Florida Man, “the world’s worst superhero.” So named for the large quantity of bizarre news stories with the template “Florida Man (fill in the blank),” the meme covered everything from attempting to use a taco as a form of identification to calling 911 repeatedly over the size of a restaurant’s clams. Now, mobile payments has its own Florida Man story thanks to Michael John Oleksik, who punched an ATM in Cocoa for the most baffling reason.”

December 5, 2017

On the web

June 3, 2017

On the wires

Discover Enhances Customer Service with In-App Messaging

“Discover announced today the launch of messaging, a customer service option that allows customers to communicate with Discover’s customer service agents without having to stop and restart numerous interactions. The new feature, which will be rolled out in phases, enables customers to message Discover’s customer service representatives via the Discover mobile app.”

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