Three Trends That Are Shaping the Credit Card Industry
The payments industry had to quickly adapt to new trends over the last year. Financial institutions that were slow to respond found themselves losing share in a highly competitive market.
Three significant credit card trends have emerged:
• Need for enhanced digital capabilities
• A changing rewards environment
• Uncertainty about future credit trends and losses
If this is the ‘new normal’ everyone’s talking about, is your financial institution doing everything in its power to ensure it is prepared to thrive?
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