Digital Payments Juice Credit Card Usage While Helping to Avoid Risk

Digital Payments Juice Credit Card Usage While Helping to Avoid Risk

While consumer credit card loans outstanding are on the rise, growth remains relatively subdued, especially in comparison to automobile and student loan growth rates, suggesting that consumers continue to approach card debt conservatively.


Prepaid cards make inroads with Millennials

Prepaid cards make inroads with Millennials

Prepaid cards are an ideal vehicle to provide Millennials with a low-cost, mobile- and tech-forward payment instrument for everyday use—a strategy not lost on market participants seeking to broaden their user base.


What’s in your (digital) wallet?

What’s in your (digital) wallet?

This blog is based on the report Mobile Payments in the U.S. View the abstract and table of contents here.

Aug. 10 - Take a peek at your wallet or purse and what do you see? A little cash? A driver’s license? Employee ID and insurance cards? Some lint? And, of course, a nice mix of payment cards?

For a card issuer, it all comes down to where their card stands in your wallet: is it your primary card, the one that sits at the top of your wallet-the one you grab the most when paying? For many i...


China UnionPay’s commercial card growth strategy: First Asia, then the world!

China UnionPay’s commercial card growth strategy: First Asia, then the world!

This blog is based on the Packaged Facts report Commercial Payment Cards: U.S. and Global Market Trends, 9th Edition. Find out more by clicking here.

March 1 - Despite the recent slowdown in the Chinese economy and forecasts for tapering growth ahead, homegrown payment network China UnionPay (CUP) remains poised for robust growth both domestically and abroad. At a macro level, China’s two-speed economy emphasizes a shift away from investment and manufacturing and toward consumption and service...


What’s next for co-branded and affinity credit cards?

What’s next for co-branded and affinity credit cards?

For more insights from Co-branded and Affinity Credit Cards in the U.S. visit the report product page here.

With credit cards offering ever richer rewards tier architectures (is 3-2-1 already passé?), many wonder whether the card industry is trading rewards for lower profit margins. So far, we think this concern is overblown: rewards costs are indeed rising; but as they move toward lower-cost digital channels, card member acquisition and communication expenses are falling.

But acquisition m...


The card fades into the background

The card fades into the background

This blog is based on the Packaged Facts report Private Label Credit Cards in the U.S., 9th Edition. Purchase a copy by Dec. 1 and receive 5% off with promo code PFPLCC1015.

The movement to virtual private label cards housed within retailer mobile apps foretells the eventual demise of the physical card:

Already, more than 30% of private label card issuer and program manager Alliance Data Systems’ private label card purchase value is made via card-not-present transactions. More broadly, retai...


For commercial payment cards, globalization is good business-but competition is increasing

For commercial payment cards, globalization is good business-but competition is increasing

Globalization is occurring at a rapid pace, requiring increased simplification and control over employer payments and expenses across multiple countries. Among payment providers (networks and card issuers alike), this has undoubtedly caused growing pains, as they struggle to craft solutions sophisticated and robust enough to meet global challenges of many stripes-regulatory and operational hurdles among them.

But in plain English, it also means payments expansion-following the arc of global gr...


Carrots for store credit card holders

Carrots for store credit card holders

Once home to consumers with higher risk profiles and higher chargeoff rates, store credit card volume and active accounts took a nosedive during the recession, as issuer portfolios groaned under the strain of bad debt and reduced customer engagement. But signs point to a private label turnaround. Deal-making activity suggests that private label card programs have become a more viable and stable income source for issuers; the payment card segment has been buoyed by a spate of deals that has invig...