Some credit cards Offer Cell phone insurance To cover you damage

Our mobile phones are some of the most expensive things we own, and something we carry almost everywhere we go. This combination means that breaking one or having one stolen at some point is unfortunately quite common and is a significant financial blow. There are credit cards that will provide free cell phone coverage just to pay the phone bill with this card.

Consumers may not know that a number of credit cards have free cell phone insurance

73% of Americans rank their finances as the No 1 stress In life

If the state of your finances stresses you out, you are far from alone. A new study by Capital One CreditWise found that Finance is the main cause of stress (73%), more than politics (59%), work (49%) and families (46%). Younger generations are even more stressed about Finance than the older generation with most Gen z’ers (82%) and Millennials (81%) saying Finance is at least somewhat stressful.

Mastercard, Visa, eBay drop out of Facebook’s Balance payment network

The major financial companies that Facebook hired to launch a worldwide cryptocurrency payment network have abandoned the project, threatening to derail an ambitious initiative to remake global Finance before it ever gets off the ground. Visa, Mastercard, Stripe and eBay have said they are pulling out of the coalition of companies that originally signed up to help launch the libra cryptocurrency. PayPal previously dropped out.

Bank of America’s digital channel now accounts for 26% of total sales with mobile representing more than half

As of Q3 2019, Bank of America has 38 million digital banking users, up 5% from last year. The firm also has 28.7 million active mobile banking users, up 10% annually. BofA’s digital channel currently accounts for 26% of total sales, with mobile representing more than half of those digital sales.

PayPal launches Venmo Credit card to help monetize payment app

Venmo, a popular payment app owned by PayPal, will offer a Venmo-branded credit card in 2020. Synchrony Financial will deal with the banking side of the card. The app started with peer-to-peer payments and became famous for including a social network with the ability to “like” and comment on friends ‘ transactions. Since then, Venmo has attracted 40 million users, launched a debit card last year and offers a “pay with Venmo” option with partners like Uber.

Mobile banking firm sues Facebook over Calibra logo

Facebook Scales project has another issue to address: the Current, a mobile banking app, has sued the social network’s Calibra subsidiary for their very similar logos. The tech giant has unveiled Calibra as a division that will oversee its cryptocurrency plans, including the development of a digital wallet. The lawsuit says the Calibra logo is “not only confusingly similar to, but virtually identical to, the current signs.”

American Express takes aim at brexit rival with new card offers for startups

American Express is rolling out a new corporate card program for startups after newcomers like Brex have had success in grabbing a slice of the market. The cards will be available in coming months, offering full corporate liability without requiring founders to provide a security deposit or personal guarantee. New technology allows AmEx to see a startup’s bank balance to let fledgling firms qualify for cards. Brex garnered a $2.6 billion valuation just one year after launching its first product, a corporate card for its fellow startups. Stripe, a payments provider most recently valued at $35 billion, also has a corporate card for small companies. [Bloomberg]

Apple and Goldman Sachs do not report to the Apple Card credit card Bureau

Breaking back? BriansClub Dark Web boon Attack for banks

For Citi, cards are the driving force behind multi-product relationships

For Citibank, the world’s largest credit card Issuer, cards are driving revenue and a deeper relationship with the brand. The Bank said North American revenue from branded cards rose 11 percent to $2.3 billion, Citi’s chief Financial officer said cards were important drivers of customer acquisition for other areas of the business, including retail banking products.

Amex Canada rolls out SMB card with employee misconduct protection

American Express Canada has announced the launch of a new small business credit card, the American Express Business Edge Card, designed to support expense management for small and medium-sized businesses in the country. In addition to earning bonus points on business targeted purchases, the card integrates a Suite of business expense management solutions as well as insurance coverage to protect against employee misuse of the card, car theft and other risks.

Psychological benefits of debt repayment

Debt has the right to take over your entire life, from what you buy to where you live. But when the debt is repaid, the benefits go far beyond the Bank. A lot of psychological benefits can happen. Debt is considered one of the most stressful events of life. When you are in debt, it can feel like your life is on hold. Your dream life – getting married, starting a business, having a child-seems impossible to pursue when your financial life is in disarray. Debt tends to carry a uniformly negative stigma and can weaken self-esteem at the root.

Our mobile phones are some of the most expensive things we own, and something we carry almost everywhere we go. This combination means that breaking one or having one stolen at some point is unfortunately quite common and is a significant financial blow. There are credit cards that will provide free cell phone coverage just to pay the phone bill with this card. (Insider)

Consumers may not know that a number of credit cards have free cell phone insurance

73% of Americans rank their finances as the No 1 stress In life

If the state of your finances stresses you out, you are far from alone. A new study by Capital One CreditWise found that Finance is the main cause of stress (73%), more than politics (59%), work (49%) and families (46%). Younger generations are even more stressed about Finance than the older generation with most Gen z’ers (82%) and Millennials (81%) saying Finance is at least somewhat stressful. (CNBC)

Mastercard, Visa, eBay drop out of Facebook’s Balance payment network

The major financial companies that Facebook hired to launch a worldwide cryptocurrency payment network have abandoned the project, threatening to derail an ambitious initiative to remake global Finance before it ever gets off the ground. Visa, Mastercard, Stripe and eBay have said they are pulling out of the coalition of companies that originally signed up to help launch the libra cryptocurrency. PayPal previously dropped out. (Wall street journal)

Bank of America’s digital channel now accounts for 26% of total sales with mobile representing more than half

As of Q3 2019, Bank of America has 38 million digital banking users, up 5% from last year. The firm also has 28.7 million active mobile banking users, up 10% annually. BofA’s digital channel currently accounts for 26% of total sales, with mobile representing more than half of those digital sales. (Business Insider)

PayPal launches Venmo Credit card to help monetize payment app

Venmo, a popular payment app owned by PayPal, will offer a Venmo-branded credit card in 2020. Synchrony Financial will deal with the banking side of the card. The app started with peer-to-peer payments and became famous for including a social network with the ability to “like” and comment on friends ‘ transactions. Since then, Venmo has attracted 40 million users, launched a debit card last year and offers a “pay with Venmo” option with partners like Uber. (CNBC)

Mobile banking firm sues Facebook over Calibra logo

Facebook Scales project has another issue to address: the Current, a mobile banking app, has sued the social network’s Calibra subsidiary for their very similar logos. The tech giant has unveiled Calibra as a division that will oversee its cryptocurrency plans, including the development of a digital wallet. The lawsuit says the Calibra logo is “not only confusingly similar to, but virtually identical to, the current signs.” (Engadget)

American Express takes aim at brexit rival with new card offers for startups

American Express is rolling out a new corporate card program for startups after newcomers like Brex have had success in grabbing a slice of the market. The cards will be available in coming months, offering full corporate liability without requiring founders to provide a security deposit or personal guarantee. New technology allows AmEx to see a startup’s bank balance to let fledgling firms qualify for cards. Brex garnered a $2.6 billion valuation just one year after launching its first product, a corporate card for its fellow startups. Stripe, a payments provider most recently valued at $35 billion, also has a corporate card for small companies. [Bloomberg]

Apple and Goldman Sachs do not report to the Apple Card credit card Bureau

If you sign up for an Apple Card, your payment history will not be reflected in your credit reports. Apple and Goldman Sachs have not yet begun to report information about consumers ‘ payments for Apple Card to major credit bureaus. Later, the source said that the companies will begin reporting to credit bureaus at the end of this quarter. (MarketWatch)

Breaking back? BriansClub Dark Web boon Attack for banks

A Dark Web “card shop” called BriansClub, which specializes in selling stolen payment card information, has itself become a victim, with thieves making off with 26 million credit and debit card records. The site appears to be the target of a “hack back” as data has been shared with financial institutions in an attempt to cut off any potential card fraud. (E-mail)

For Citi, cards are the driving force behind multi-product relationships

For Citibank, the world’s largest credit card Issuer, cards are driving revenue and a deeper relationship with the brand. The Bank said North American revenue from branded cards rose 11 percent to $2.3 billion, Citi’s chief Financial officer said cards were important drivers of customer acquisition for other areas of the business, including retail banking products. (Banking innovations)

Amex Canada rolls out SMB card with employee misconduct protection

American Express Canada has announced the launch of a new small business credit card, the American Express Business Edge Card, designed to support expense management for small and medium-sized businesses in the country. In addition to earning bonus points on business targeted purchases, the card integrates a Suite of business expense management solutions as well as insurance coverage to protect against employee misuse of the card, car theft and other risks. (PYMNTS)

Psychological benefits of debt repayment

Debt has the right to take over your entire life, from what you buy to where you live. But when the debt is repaid, the benefits go far beyond the Bank. A lot of psychological benefits can happen. Debt is considered one of the most stressful events of life. When you are in debt, it can feel like your life is on hold. Your dream life – getting married, starting a business, having a child-seems impossible to pursue when your financial life is in disarray. Debt tends to carry a uniformly negative stigma and can weaken self-esteem at the root. (Bankrat)