A credit card receivable is money owed to a bank or issuer on the outstanding balance in a credit card account. Because the borrower is contractually obligated to pay the balance, the creditor expects this amount to be repaid. If a borrower does not repay the balance, it is often charged off as a loss. Since credit card usage is so widespread, and account balances can soar quite high, credit card receivables form the backbone of many financial services functions, such as asset-backed securities, debt collection, and debt buying.
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One of NJ?s Largest Credit Unions Moves Card Processing to TNB Card Services
2 April 2007
KKR to Buy First Data in $29 billion Deal
2 April 2007
Visa Launches National Financial Education Program for College Students
30 March 2007
First Data Acquiring Polish Card Issuer for $325 million
30 March 2007
TJX Says 45.7 million Credit Card Numbers Stolen in Breach
30 March 2007
EPP Selected as a Preferred Payment Solutions Partner for Accelerated Data Systems
29 March 2007
Delinquencies on Credit Cards Flat in Q4; Auto and Home Equity Arrears Rise
29 March 2007
Morgan Stanley Details Plans for Discover Credit Card Spinoff
26 March 2007
Card Companies Crack Down On Restaurants' Data Security
26 March 2007
Commercial Credit Card Spending to Grow to $1.2 trillion by 2010
23 March 2007
Moody's: Credit Card Delinquencies Rise
22 March 2007
MasterCard Expands PayPass Deployment in Vending Machines
20 March 2007
Taco Bell Tests MasterCard PayPass Contactless Payment Option
15 March 2007
Upstart Credit Card Firm Takes on Visa, MasterCard and the Big Banks
14 March 2007
Democrats Introduce Credit Card Disclosure Bill
14 March 2007
Discover Touts Card that Rewards Monthly Payments
13 March 2007
Apollo Enterprise Solutions Announces Partnership With Card Acquisition, LLC
12 March 2007
Senate Comes Down on Credit Card Issuers' Practices
8 March 2007
Consumer Credit Up 3.2% in January; Credit Card Spending Slows
8 March 2007
CEO of Chase Card Services to Apologize to Senate Committee Today
7 March 2007