News – Politics – Opinion – Podcasts
Forget CPI: the week’s most important data point is today’s monthly consumer credit update. Last month we saw a blowout, record surge in credit card usage as consumers tapped out…… and sure enough it was, while again confirming what we have been saying for month: any excess savings accumulated by the US middle class are long … Read more
Being able to collect debit and credit card payments is such an essential step in the success of your business. Unfortunately, you can’t collect the payments by yourself—you have to involve a reliable payment processor such as Payment Cloud Inc to handle all the payments for you. While the fees might look small and negligible, … Read more
70% of the American economy is consumer driven. With Government shutting it down (e.g., Ben Franklin’s saying again!), we can see how fast consumers shut their wallets (even those that still have jobs). The paper relies on data from a nonprofit “fintech” company that helps people save, and the researchers had access to (anonymized) data … Read more
Discover has a new Discover Card called ‘it.’ The moment I saw it I couldn’t resist…um…messing with it?
No one is (or should be) all that surprised that the Obama campaign has again removed security protocols that would prevent illegal credit card donations from outside the US, (about the same time he has a record setting month for donations *cough-cough*). But would you be surprised to learn that the Outsourcer in Chief’s … Read more