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Contracts, credit card, credit card portfolio, Daily news, General Motors, Goldman Sachs, Issuing & Acquiring -

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

The post Goldman Sachs closes in on $2.5 billion GM credit card portfolio acquisition appeared first on Payments Cards & Mobile.

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Covid-19, credit card, Daily news, Issuing & Acquiring, POS Terminals, UK credit card, UK credit card trends -

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.

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credit card, Credit card issuers, credit cards, Daily news, Issuing & Acquiring, POS Terminals, Products -

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.

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credit card, Credit card issuers, Daily news, E-Commerce, Issuing & Acquiring, Mobile Wallet, POS Terminals -

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.

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credit card, credit card debt, Daily news, Issuing & Acquiring, POS Terminals, Risk & Compliance, US credit card, US credit card debt -

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.

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