Generation Z, born between 1997 to 2010, has begun to establish itself as a force to be reckoned with in the global economy. It currently accounts for about 25% of the global population, about 2 billion individuals. Generation Z likes to spend, but perhaps differently from the generations that came before. This post-millennium group will […]

The way American consumers shop is transforming at warp speed. Credit cards accounted for 32.6% of consumers’ monthly purchases! As of Jan 2025, digital wallets were used by 65% of US adults at least once in the past one month. US card payments exceeded $10 trillion in 2023 through better security, fraud prevention by artificial intelligence, and […]

AI is fundamentally transforming software development, beyond automation. While automation has been the focal point of AI since the beginning, modern AI focuses on creative problem-solving, adaptive learning, and intelligent decision-making. A recent experiment done on 4867 developers proved that there was a 26% increase in tasks completed by developers using AI. This article explores […]

The financial industry is at a critical point. As we enter 2025, the necessity for banks and financial institutions to modernize their card systems is no longer a strategic option but a necessity. A recent Tietoevry Banking report underscores that most European banks are actively transitioning their card management platforms from outdated technologies to more […]

As digital payments soar in usage, businesses are scaling up their efforts to ensure that consumers are protected from cybercrimes. This is especially true in the case of credit card payments. The key reason is the escalating volume of chargeback fraud being reported worldwide on credit card spending by consumers. Studies show that in the […]

With increasing competition, credit card issuing banks and financial institutions are looking at ways to capture more market share by unlocking new capabilities for customers. One of the latest entrants in this space is dynamic spending limits for credit cards. In simple terms, dynamic spending limits refer to the setting of a flexible credit limit […]