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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American Express and Russian Standard Bank Launch the First American Express Cards Issued in Russia
12 September 2006
TNB Launches New Credit Card Account Management System
12 September 2006
UK Card Issuers Announce Plans for New Credit Data Sharing
12 September 2006
U.S. Card Issuers Eye Unlikely Group: New Bankrupts
12 September 2006
Japanese Company Launches Mobile-enabled Credit Card
12 September 2006
More Teens Becoming Credit Card Users
12 September 2006
State Offering Travelling Seminars on Credit Cards
12 September 2006
MasterCard Shareholders Approve Proposal for IPO
12 September 2006
Foreign Partners Eyed in Sale of LG Card
12 September 2006
Credit Card Rates Likely to Continue Rising
12 September 2006
HSBC Finance Corporation Completes Acquisition of Metris
12 September 2006
Metris Companies Merger with HSBC Not to be Derailed by SEC Investigation
12 September 2006
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