(London, UK): One year after the implementation of Interchange Fee Regulation (IFR), the majority of British consumers continue to favor payment cards that reward them with points or miles for their spending, according to recent research by Auriemma Group. The EU-mandated cap on credit and debit card interchange fees reduced the revenues earned by card […]
(New York, NY): Last month, the Office of the Comptroller of the Currency published its proposal to debut a national bank charter specifically for fintech companies and invited public comment on potential implications of the measure. Auriemma responded to the OCC’s request with a comment letter assessing the proposal’s possible effects on non-bank lenders, payment […]
Dec. 1, 2016 Dear Friends, This is our 25th annual letter to clients and as usual, there’s no shortage of hot topics to discuss. The major news items are easy to tick off: Brexit, Wells Fargo, the U.S. Presidential election, and now Yahoo, just to name a few. It was a banner year for bombshells, […]
(London): The FCA is conducting research on consumer repayment behaviour to alleviate persistent debt in anticipation of a new package of remedies. The additional research follows the Credit Card Market Study Final Findings released in July. Everything from behavioural cues to statement presentation could potentially influence payment behaviour, an FCA representative said during a Q&A […]
John Costa, Managing Director of Auriemma Finance, has published an article in American Banker’s BankThink section. The piece focuses on large banks downsizing through a sale or spinoff of their credit card business. You can read the full story here: Why Big Banks Would Do Well to Spin Off Credit Cards For more information, contact John […]
(New York, NY) PayPal’s clout with consumers is dominating its competition in the alternative payments space, according to recent consumer research by Auriemma Group. The study of 800 US adult credit cardholders took an in-depth look at alternative payment providers, comparing PayPal’s online checkout and P2P offerings to other notable platforms. Consumers responded with a […]
(New York, NY): US consumers worry about payment card fraud, with over half saying it’s increased in the past year. And it’s not an idle fear—42% have personally experienced card fraud, half of them multiple times. But almost all report a satisfactory resolution by their bank, according to recent research from Auriemma Group. The recent […]
(New York, NY): For over a year after its introduction, Apple Pay was the only real option for consumers who wanted to pay with their smartphone. That changed towards the end of 2015, when Android Pay and Samsung Pay were rolled out. Among the three payment options, Apple Pay captures the greatest proportion of eligible […]
(New York, NY) As the UK prepares to vote on whether to remain in the European Union, Britons debate the strength of their ties to Europe. When it comes to their financial behavior, however, they are clearly more similar to their American, rather than their Continental, cousins. While usage of credit cards in European markets […]
(New York, NY): As shifts in consumer preferences mete out consequences for retail stores, one segment is investing heavily in brick-and-mortar locations to generate new sales: co-brand programs. Retailers that offer co-brand and private-label credit cards are ramping up direct marketing efforts through the physical point of sale and investing in technology, employee incentives, and […]