U.S. Credit Card Defaults Fall to 18-Month Low
Credit card defaults, as well as early- and late-stage delinquencies have all dropped in September, while the monthly payment rate remained high....
Tag: credit card statistics
U.K. Mobile Payments Soar, Average User Makes 5 per Month
PayPal expects to exceed $700M in mobile payments in 2010, 30 times the global volume of 2008. British customers made 5 m-payments a month on average....
Bank of America Pays $62M to Market Credit Cards to Students
Bank of America's FIA Card Services paid a total of $61,968,307 in 2009 to various college-related organizations to recruit students for credit cards....
Millennial Generation Most Open to New Payment Methods
12 percent of Millennial Generation consumers (ages 18 to 34) own contactless payment devices, a higher proportion than any other group....
Consumer Credit Card Use Falls for 24th Consecutive Month
Consumers have cut back on their outstanding revolving credit lines, mostly credit card balances, for the 24th month in a row, according to the Fed....