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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Efunds Files Lawsuit Against MasterCard
14 February 2007
Bank of America Aims New Credit Card at Illegal Immigrants
13 February 2007
Hospitals Offer Discounts, Credit Cards to Reduce Unpaid Bills
12 February 2007
Joseph Saunders Named Executive Chairman of Visa's Board
12 February 2007
WaMu Names Anthony Vuoto President of its Credit Card Business
12 February 2007
Asta Funding to Buy $6.9 billion Debt Portfolio
12 February 2007
MasterCard Earnings Soar, Beat Expectations
9 February 2007
Consumer Credit and Card Debt Growth Slow in December
8 February 2007
Survey: Visa and MasterCard Should Disclose Hidden Interchange Fees
7 February 2007
Credit Card Chargeoffs to Head Higher
6 February 2007
Card Acquisition, LLC Sells Minority Stake to Raise Capital
5 February 2007
TransUnion?s TrueCredit.com Tracks Americans? Credit Habits
31 January 2007
PIC Solutions Joins the ATM Industry Association
30 January 2007
EU Probe Seeks Antitrust Action on Credit Card Fees
30 January 2007
TNB Balance Transfer Promotion Nets $2.2 million
29 January 2007
Small Business Confidence Rebounds in January; Healthcare Costs Weigh
29 January 2007
Credit Card Stocks Mixed After Hearing
29 January 2007
First Data and INICIS Form Alliance for Processing in Korea
26 January 2007
Merchants Applaud Congressional Hearings on Credit Card Industry
26 January 2007
First Data Acquires Size Technologies
25 January 2007