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News Library - July, 2004

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Snob Appeal July, 14, 2004

The king of the affluent cardholder segment is slowly seeing their empire weaken. VISA's high-end "Signature" card, which is a combo of a credit card and a charge card, has racked up approximately $80 billion in transaction volume, more than American Express ... more

May Debt July, 13, 2004

After three consecutive months of decline, Americans reversed course in May, adding $1.6 billion in revolving credit. At an annualized rate, consumer credit jumped nearly 3% during May perhaps impacted by a slowdown in consolidation financing via home ... more

Platinum Value July, 12, 2004

"Platinum" credit cards are a dime a dozen these days, even offered to less creditworthy consumers with low credit limits. In an effort to put the luster back into "Platinum" some issuers are now adding other descriptors to their "Platinum" cards such as ... more

MGM Mirage VISA July, 8, 2004

Casinos are dealing more cards these days, especially credit cards. MGM MIRAGE plans to deal out its new VISA card next month, joining the recently launched "Trump Rewards VISA" and the "Caesars Entertainment MasterCard" launched late last year. more

DNC Anniversary July, 7, 2004

Since its launch one year ago the "National Do Not Call Registry" has registered about 62 million phone numbers in the USA. The FTC said last week that since October 2003, consumers submitted 428,764 complaints. more

Bankruptcy Factor July, 6, 2004

While personal bankruptcies are running about 3% lower than last year, there is still a significant impact on the card industry. In March, bankruptcies topped 150,000, a factor noted in MBNA's charge-off figures for May. MBNA reported last week that its ... more

Late Payers July, 2, 2004

Based on total dollars past-due, credit card delinquency declined in the first three months of this year, compared to the level set in the previous quarter, but remains above last year's ratio and well above historical figures. The decline is significant due ... more

May Phishing July, 1, 2004

Phishers are still reeling in suckers using spoofed e-mails and fraudulent Web sites as bait, but they appear to running out of line. The number of phishing attacks on the financial services sector leveled off in May. However, phishers are getting more ... more
Showing entries 11 - 18 of 18 Previous [ 1 2 ] Next