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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Merchant Bankruptcies Threaten Gift Card Growth
20 June 2008
Alliance Data to Provide Private Label Credit Card Services for Peach Direct
19 June 2008
Average Card Debt, Delinquencies Dropped in 1st Q: TransUnion
18 June 2008
Capital One Credit Card Charge Offs Rise
16 June 2008
Environmental Protection Agency Renews Charge Card Contract with JPMorgan
13 June 2008
PIC Solutions Presents at CardExpo West Africa 2008 Conference
13 June 2008
Credit Cards Make Appearance on Campaign Trail
12 June 2008
Obama Says Card Issuers Trick Consumers with Unfair Practices
12 June 2008
Feds Name CompuCredit and Collector Jefferson Capital in $200 Million Suit
11 June 2008
Discover Seeks $6 Billion from MasterCard, Visa
10 June 2008
Big Card Issuers Look to Prepaid for New Market Growth
9 June 2008
U.S. Bank Selects Acxiom To Support Customer Acquisition Initiatives
9 June 2008
Credit Card Charge Offs, Delinquencies Rose in April: Moody?s
9 June 2008
Home Depot Sees Higher Losses on its Card Portfolio
6 June 2008
Frontier Airlines and First Data Announce an Agreement on Credit Card Processing Terms
4 June 2008
Discover U.S. Spending Monitor Rises 1.4 Points in May
4 June 2008
AmEx Write Offs Rise but Cardholders Remain Top Drawer
4 June 2008
Card Issuers Cut Back on Mail Offers
3 June 2008
Bank of America CEO Sees 6 Percent Charge-Off Rate in Credit Cards
3 June 2008
Discover to Take Up to $31 million Charge for Subprime Mortgage Investment
2 June 2008
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