This latest announcement is a follow-up to JP Morgan Chase’s establishment earlier this year of the Financial Solutions Lab. A five-year, $30 million program in collaboration with the Center for Financial Services Innovation, the lab is centered on developing and distributing innovative products that improve financial security.
Apple Pay No Slam Dunk
Ultimately, though, even many of the skeptics about Apple Pay’s immediate adoption think it has great long-term potential. Tom Redd of SAP Global told Forbes that it’s easy to see why Apple will succeed. “Hey, the Millennials live by Apple, and if Apple says, ‘Do it,’ consider it done.”
Credit Card Breach Doesn’t Compel Action
Actually reviewing one’s credit report – an essential step after a data breach – not only occurred less than half the time among survey respondents, younger and older people were least likely to do it. Only one-third of those between the ages of 25 and 34 and just 40 percent of those 65 and older checked their credit report.
Survey: Americans Need To Get More Financially Fit
It can often seem like there are a bewildering number of things to do in order to stay financially fit. Don’t borrow too much money. Create a budget and stick to it. Save for retirement. Squirrel away money for your children’s education. Now add this to the list of to do’s required in order to… Continue reading Survey: Americans Need To Get More Financially Fit
Smart Moves for Students: How to Build Credit as a College Student
in the not too distant past, credit card companies tried to entice every student within a Frisbee’s throw of a college green to signup for entry-level cards by offering perks like free airline flights. While that practice was a way for lots of undergrads to demonstrate they were ready for the adult responsibility of repaying their debts – and hence establishing good credit – it also resulted in too many young people drowning in credit card debt. It was an unpopular enough marketing tactic that the Credit CARD Act of 2010 largely eliminated those campus credit card promotions.
Insights Aplenty in Federal Reserve Payments Study
When most people think of the Federal Reserve – if they consider it at all – it’s when the Fed raises or lowers interest rates. But monetary policy is only one of the tasks the Fed engages in. It also conducts in-depth research in an effort to uncover trends and insights that can benefit consumers,… Continue reading Insights Aplenty in Federal Reserve Payments Study