Falling Credit Card Debt Result of Higher Consumer Payments, not Charge-offs
While issuers charged-off huge amounts in the first 2 years after the meltdown, consumers are now repaying credit card balances at record-high levels....
Category: Credit Card Processing Blog
CARD Act Pushes Credit Card Interest Rates Further Down
The CARD Act of 2009 has reinforced a downward trajectory in credit card interest rates, according to a new study by the Federal Reserve....
U.S. Credit Card Charge-offs, Delinquencies at Record Lows
Americans continued paying their credit card balances on time in June; the charge-off rate is now at its lowest level since early 2008....
Why Dwolla’s E-Cash Business Model Will Not Work
Dwolla's e-cash P2P service faces huge challenges from banks that offer it for free and from PayPal who spends heavily on its own version of it....
How to Manage the CVV2 Card Verification Process
CVV2 is a 3-digit code printed on the back of all valid Visa cards to help verify that a customer is in possession of the card at the time of order....