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JULY 15, 2025 |
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Prime numbers: Buy now, pay later (BNPL) orders accounted for 8.1% of online orders over the course of Amazon’s four-day Prime Day event. How much revenue did this account for? |
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A) $1.3 billion B) $1.6 billion C) $1.9 billion D) $2.0 billion |
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CREDIT CARDS |
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The Federal Reserve Bank of Philadelphia recorded the first year-over-year decline in delinquency rates since the fourth quarter of 2021, per a report. |
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The share of balances fell YoY across 30+, 60+, and 90+ days past due—the first quarterly decline during Q1 since 2020. (Before the pandemic, delinquencies typically fell each Q1 after the holiday spending blitz subsided.)
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The proportion of active credit card accounts making only the minimum payment fell 59 basis points from Q4 2025 after a year of consecutive QoQ increases. |
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Total credit card balances also fell on the quarter, and new credit card accounts continued their yearslong decline. |
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FINTECH |
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JPMorgan will charge fintechs fees to access its customers’ bank account information, per a report from Bloomberg. |
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The proposed fee guidelines are not final and may be subject to future negotiations. |
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DIGITAL PAYMENTS |
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Early Warnings Services’ Zelle submitted a letter in response to the Treasury Department’s request for information on paperless payment services. |
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Zelle wasn’t the only fintech that applied for the role—Plaid and Modern Treasury also submitted letters.
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Legacy providers like Mastercard and Visa also threw their hats in the ring to provide electronic payment solutions. |
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REPORT |
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Customers—not banks—are shaping the future of financial services. Instead of relying solely on legacy brands, they’re building their own ecosystems around convenience, trust, and relevance, using products from fintechs and payment providers. To stay in the game, banks must rethink the banking model from the ground up. |
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Key stat: Consumers now hold more personal loan debt with fintechs than with banks or credit unions—proving that a primary banking relationship no longer ensures share of wallet. |
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Key question: How can banks stay relevant in a solution-based, life stage-driven world where consumers are building their own financial ecosystems? |
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CHART OF THE WEEK |
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Key stat: Nearly a quarter (24%) of US adults have no emergency savings, according to a May 2025 survey from Bankrate conducted by SSRS. | | | |
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