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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Revised PCI Rules Scheduled for October Release
2 June 2008
Disaster Planning Could Bring Greater Telecommuting for Issuers
30 May 2008
Credit Card Spending Growth Continues Unabated As Do Charge-Offs and Delinquencies
28 May 2008
Chase, First Data to Split Paymentech
28 May 2008
JPMorgan Releases Procurement Card Best Practices Report
21 May 2008
Target Card Revenues Rise as do Losses
20 May 2008
NACHA Reports More Than 18 Billion ACH Payments in 2007
19 May 2008
Executive Change: TSYS Acquiring Solutions Appoints David E. Wood as COO
19 May 2008
Alliance Data Extends Private-Label Deal with Dress Barn
15 May 2008
Steady Loan Numbers for Cap One in April
15 May 2008
Spending Anxiety Pressures American Households
12 May 2008
Commerce Dept. Selects JPMorgan for Charge Cards
12 May 2008
HSBC?s Bad Loans Hurt US Income
12 May 2008
CompuCredit Loses $105 Million in Quarter
9 May 2008
Citi to Shed $500 Billion in Assets
9 May 2008
Consumer Credit Surges in March, Defying Expectations
8 May 2008
Cap One Sues California to Keep Records Secret
7 May 2008
Chase Buys Half Of Target Card Portfolio for $3.6 Billion
6 May 2008
Collection Agency Getting Paid by Issuing Credit Cards
6 May 2008
Regulators Propose Credit Card Rule Changes
2 May 2008
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