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Credit Card Spend Declines as Enhanced Unemployment Benefits Lapse

Back-to-school concerns also seem to be impacting purchase decisions.

By Frank Ready | August 12, 2020 at 06:25 PM

The expiration of enhanced unemployment benefits at the end of July may already be having an impact on consumers. According to PSCU's latest shopping trends analysis, overall card payment growth rates trended downward for the week ending Aug. 4, just a few days after the $600 benefits initiative provided by the Federal CARES Act was allowed to lapse.

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The Secret to Generating Revenue With Real-Time Payments

By Abhishek Veeraghanta | May 06, 2024

Learn some practical ways that your CU can develop products and services using an instant payments service.

The Secret to Generating Revenue With Real-Time Payments

Banks See Credit Unions As a Threat, but the Feeling Isn't Mutual: Study

By Natasha Chilingerian | May 01, 2024

Jack Henry reveals where banks and CUs agree and disagree on competitive threats, tech spending, strategic priorities and more.

Banks See Credit Unions As a Threat, but the Feeling Isn't Mutual: Study

Member-Centricity Has Never Been More Important for Credit Card Programs

By Carrie Stapp | April 29, 2024

When credit unions win credit card business, the card-carrying community grows just a little bit healthier.

Member-Centricity Has Never Been More Important for Credit Card Programs

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