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Goldman Sachs is rumoured to be closing in on the acquisition of General Motors’ credit card business Goldman will pay about $2.5 billion for the portfolio, which has roughly that... more
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New UK credit card issuer data has been released for the period June and July 2020, the below is an analysis of UK credit card trends post COVID-19. The data... more
The post Analysis of UK credit card issuer data shows uplift in spending and payments appeared first on Payments Cards & Mobile.
Research from Deloitte has warned credit card issuers they need to do more to encourage credit card use if credit products are to have a long term future, especially with... more
The post Research note: Consumer interest in the credit card is declining appeared first on Payments Cards & Mobile.
At first glance, the credit card market looks healthy. In 2018, the average return on assets (ROA) for credit card issuers was 3.8%, more than twice the average ROA of... more
The post Credit Card Issuers: Reviving the relevance of the credit card business appeared first on Payments Cards & Mobile.
US credit card debt has hit a new record of $870 billion as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26... more
The post US credit card debt hits new record of $870 billion appeared first on Payments Cards & Mobile.