Citigroup Pushes U.S. Credit Card Charge-offs up, Delinquencies Keep Falling
A big increase in Citi pushed the U.S. charge-off rate up to 5.21% in April; the credit card delinquency rate dropped to 2.59% -- the lowest ever....
Category: Credit Card Processing Blog
M-Pesa and the M-Payment Boom in the World’s Most Troubled Places
Poor financial infrastructure and light regulation have been the powerful propellers behind M-Pesa's growth in some of the world's poorest countries....
GroupOn to Take a Big Swipe at Square
Square look-alikes have so far been happy to just copy Jack Dorsey's pricing model; GroupOn's plan of attack would be the most aggressive one to date....
Who Would You Bet on: PayPal or Square?
Just as PayPal did a decade ago, Square has created a new subset of the payment industry that caters not to businesses, but to individual consumers....
Why Do You Use Prepaid Cards?
A large number of American consumers perceive, wrongly, prepaid cards as not just the only available type of payment card, but as the best one....