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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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Fed Says Interest Rate Rises likely Nearing End

12 September 2006

GE Money's Credit Card Joint Venture with State Bank of India Reaches 2 Million Card Customer Milestone

12 September 2006

Increased Use of Online Bill Payment Will Drive Consumer Adoption of Other Online Services

12 September 2006

Visa's New Logo Makes Official Debut in the U.S. Market

12 September 2006

Credit Card Debt Catches Up with Britons

12 September 2006

Britons in Debt to the Tune of $1.97 trillion

12 September 2006

Citi Launches New Line of Credit Cards on The American Express Network

12 September 2006

First Data Lays Off 1,000 Workers

12 September 2006

Bank of America Shifts Consumer Card Processing In House

12 September 2006

Morgan Stanley Makes $1.75 billion UK Credit Card Acquisition

12 September 2006

Banks Raise Credit Card Payments

12 September 2006

Paper: Mainstream Lenders Prey Upon the Weak

12 September 2006

Banks' Credit Card Charge-off Rate Over 7% in October

12 September 2006

Barclays Opens First China Branch as Business Grows

12 September 2006

JP Morgan Sets $2.35 bln Credit Card ABS

12 September 2006

Some Sam's Club Customers' Credit Card Data Possibly Exposed

12 September 2006

Bank of America Receives Federal Reserve Approval for MBNA Merger

12 September 2006

First Large-Scale Contactless Payment Trial in North America Set

12 September 2006

First Data to Take Fourth Quarter Restructuring Charge

12 September 2006

Counterfeit Credit Card Ring Busted

12 September 2006

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