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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UK Overtakes U.S. for Personal Debt
8 December 2006
Closed MasterCard Hearing to Begin Today
8 December 2006
Credit Card Performance Still Strong; Charge-offs May Pick Up
8 December 2006
MasterCard, Visa $336 million Exchange Settlement Gets OK
8 December 2006
Massive Drop in Consumer Credit Reported for September
8 December 2006
Visa Barred from Joining MasterCard World Cup Sponsorship Suit
8 December 2006
Sam's Club to Start Accepting MasterCard
8 December 2006
Discover Cards Now Accepted in China
8 December 2006
Visa, Morgan Stanley Settle Card Dispute; EU Continues Probe
8 December 2006
Austin Ventures Recapitalizes CreditCards.com
8 December 2006
CompuCredit Reports Higher Third Quarter Earnings
8 December 2006
First Data Announces Renewal of Contract with Wells Fargo
8 December 2006
MasterCard Cries Foul in Soccer Sponsorship Tussle
8 December 2006
PIC Solutions Provides Risk Management Support to American Express
8 December 2006
MasterCard Third-Quarter Profit Surges on Consumer Purchases
8 December 2006
MasterCard Leads Nation's First Market Trial of Mobile Phones Enabled for Payment
8 December 2006
MasterCard Wins 2006 Company of the Year Award for Contactless Payment
8 December 2006
Citigroup Expands Presence in Central America through Acquisition
8 December 2006
Researchers Expose Contactless Credit Card Flaws
8 December 2006
Wal-Mart, GE Join Growing Chinese Credit Card Industry
8 December 2006
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