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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Survey Finds Top Credit Card Issuers Not Doubling Minimum Payments
12 September 2006
Opportunities For Growth In US Credit Card Issuing
12 September 2006
Bank of America Completes $34 billion MBNA Merger
12 September 2006
GE Money's Credit Card Joint Venture with State Bank of India Reaches 2 Million Card Customer Milestone
12 September 2006
Increased Use of Online Bill Payment Will Drive Consumer Adoption of Other Online Services
12 September 2006
New 'Innovative Cards' Report Illustrates the Creative Expansion of Bank Cards Worldwide
12 September 2006
Britons in Debt to the Tune of $1.97 trillion
12 September 2006
Credit Card Debt Catches Up with Britons
12 September 2006
Visa's New Logo Makes Official Debut in the U.S. Market
12 September 2006
Morgan Stanley Makes $1.75 billion UK Credit Card Acquisition
12 September 2006
Barclays Opens First China Branch as Business Grows
12 September 2006
Bank of America Shifts Consumer Card Processing In House
12 September 2006
Banks' Credit Card Charge-off Rate Over 7% in October
12 September 2006
First Data Lays Off 1,000 Workers
12 September 2006
Citi Launches New Line of Credit Cards on The American Express Network
12 September 2006
Banks Raise Credit Card Payments
12 September 2006
Paper: Mainstream Lenders Prey Upon the Weak
12 September 2006
Some Sam's Club Customers' Credit Card Data Possibly Exposed
12 September 2006
First Data to Take Fourth Quarter Restructuring Charge
12 September 2006
First Large-Scale Contactless Payment Trial in North America Set
12 September 2006