Cards & Payments News Digests

US: Brighter numbers as revolving credit recovers ground According to chief financial officer Jennifer Piepszak, JPMorgan Chase is now seeing payment card-based spending by consumers back to levels last seen before pandemic lockdowns began just over a year ago: a remarkable performance considering that both the travel and entertainment categories remain so beleaguered. Her boss, chief executive Jamie Dimon, sees a bright future for consumer spend with deposits held by his firm now at $2.28 trillion, just about a quarter higher year on year: in his words, people are "coiled ^and^ ready to go" now... Read more >