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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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Pier 1 Sells Credit Card Business to Chase for $155 million

12 September 2006

PNC Bank to Drop MBNA as Card Issuer; Will Issue Own Card

12 September 2006

PIC Solutions to Exhibit at Visa International Russia & CIS Conference

12 September 2006

Less (Spending) Is More (Chargeoffs) For U.S. Credit Card ABS

12 September 2006

Consumers Paying Off Credit Card Debt Faster

12 September 2006

More and More Consumers Use Visa to Make Small Purchases

12 September 2006

Credit Card Companies getting Young People Hooked on the Plastic

12 September 2006

Discover® Card Survey Finds 67% of Small Business Owners Happy to Remain Small

12 September 2006

TNB Card Services Acquires Two More Credit Card Portfolios

12 September 2006

First Data to Restate Past Results

12 September 2006

Discover Financial Services and Largest Japanese Card Issuer Announce Alliance

12 September 2006

Rising Consumer Debt Tied to Credit Ease

12 September 2006

Credit Card Merchant Acquiring Industry Dominated by Powerhouse Processors

12 September 2006

Ex-HSBC Exec Pleads Guilty in Telemarketing Fraud

12 September 2006

First Data International to Acquire Argencard S.A.

12 September 2006

Visa Gets Tough on Consumer Data

12 September 2006

Wal-Mart Bank Could Squeeze Processing Firms

12 September 2006

Governor Vetoes Credit Card Protection Bill

12 September 2006

Bi-Lo's Grocery Credit Card Stirs Concern

12 September 2006

Homeland Security Technology to Protect Data in Credit Cards

12 September 2006

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