FICO

JUNE 1, 2023

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. Credit card lenders are not only dealing with higher loss forecasts in 2023.

Credit Cards 52

Credit Cards Federal Reserve Tax Refunds Returns 52

PYMNTS

FEBRUARY 3, 2020

In March of 2019, Goldman and Apple joined forces to form a co-branded credit card, the Apple Card. Executives at Goldman have pointed to the Apple Card as the “most successful credit card launch ever.” The project is expected to be co-branded. subscribers.

Small Business 52

Small Business Card Issuer Credit Cards Credit Risk 52

FICO

AUGUST 16, 2022

The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. at the end of Q2, and the US household debt surpassing $16 trillion for the first time ever, it leaves issuers wondering where the credit card market is headed.

Credit Cards 52

Credit Cards Federal Reserve Issuers Advisors 52

FICO

JUNE 16, 2022

The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. Unemployment rate is typically a key factor used in credit card loss forecasting models due to its high correlation with delinquency and loss.

Credit Cards 52

Credit Cards Push-to-Card CHIPS Credit Limit 52

FICO

FEBRUARY 9, 2021

Our analysis of UK card trends for December 2020 presents a very mixed picture of UK consumer financial stability. Some of the data suggests that credit card users are managing their finances prudently; but where there is already pressure on finances, the reliance on credit cards is increasing. It is, however, 4.9

Credit Cards 52

Credit Cards Issuers Card Issuer Continuity 52

FICO

MARCH 11, 2019

More than 170 financial institutions participate in the FICO® Score Open Access program including eight of the top 10 credit card issuers. consumer credit risk used in more than 90 percent of consumer lending decisions in the U.S. The FICO Score is the standard measure of U.S.

Finance 40

Finance Card Issuer Online and Mobile Banking Credit Risk 40

FICO

OCTOBER 20, 2020

FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers through its FICO® Benchmark Reporting Service. Our UK Credit Report for August 2020 provides a clear picture of the ongoing impact of COVID-19 on consumer finances. Spend on UK cards continues to increase.

Issuers 52

Issuers Credit Cards Push-to-Card Card Issuer 52

FICO

AUGUST 16, 2021

Spend on UK cards continued to increase, along with the percentage of payments. . . The average spend on UK credit cards increased year-on-year for the fourth consecutive month, by £40 to £691, a larger increase than seen in May. Issuers wishing to subscribe to this service can contact me at staceywest@fico.com.

Credit Cards 52

Credit Cards Travel Rule Issuers Card Issuer 52

PYMNTS

JUNE 3, 2016

Credit scoring as a predictor of credit risk is a challenging proposition. To that end, a recent white paper by VantageScore seeks to help provide a roadmap on how today’s borrowers may – or may not – be good credit risks tomorrow. When evaluating risk using the VantageScore 3.0

Credit Risk 41

Credit Risk Card Issuer Credit Cards Risk 41

FICO

DECEMBER 16, 2020

In the run up to Christmas it is going to be a difficult juggling act for credit card issuers to provide their customers with a means to spend while trying to prevent their balance building to unsustainable levels. Spend on UK cards only 4.5 Issuers wishing to subscribe to this service can contact staceywest@fico.com.

Issuers 52

Issuers Card Issuer Credit Cards Accounts 52

FICO

OCTOBER 20, 2020

FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers through its FICO® Benchmark Reporting Service. Our UK Credit Report for August 2020 provides a clear picture of the ongoing impact of COVID-19 on consumer finances. Spend on UK cards continues to increase.

Issuers 40

Issuers Credit Cards Push-to-Card Card Issuer 40

PYMNTS

FEBRUARY 26, 2019

Thin-file credit applicants could go through a fairly painstaking process to build credit with low-value cards, but that wasn’t a good answer for him. Today, the firm mostly serves credit card issuers and retail financing providers.

AI 61

AI Credit Risk Assessments Card Issuer 61

PYMNTS

JULY 11, 2017

Banks and credit card companies now find themselves more likely to be targeted by class action lawsuits stemming from customer complaints. . The agency said it had been charged with studying the clauses and their impacts across all manner of lending, from credit cards to auto loans.

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Cards 40

FICO

FEBRUARY 9, 2017

Discover Credit Scorecard - Building on its success offering FICO® Scores to current customers through the FICO Score Open Access program for free, Discover recently became the first credit card issuer to offer FICO® Scores to non-customers at no charge as well.

Online and Mobile Banking 40

Online and Mobile Banking Non-Bank Card Issuer Identity Theft 40

CB Insights

OCTOBER 10, 2018

The most well-funded startup is Georgia-based Greenlight Financial, an alternative debit card issuer that allows parents to manage spending limits and allocate funds for their children through a mobile app. Historically, Latin American countries have had the second-largest credit gap in the world after MENA. Tech Startups.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

FEBRUARY 5, 2018

banks, and specifically those that are large credit card issuers, are stating that they will not let their consumers buy bitcoin with their cards. JPMorgan explicitly called out credit risk. News came Friday that large U.S.

Regulations 41

Regulations Consumer Financial Protection Bureau (CFPB) CFPB Card Issuer 41

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. rate per transaction.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

FICO

DECEMBER 4, 2019

The card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers. For more information, contact me at staceywest@fico.com. by Stacey West.

Issuers 52

Issuers Accounts Card Issuer Payer 52

CB Insights

DECEMBER 4, 2019

In March 2019, Amazon announced an integration with Worldpay , which serves as a back-end intermediary between banks and credit card companies and is one of the largest payment processors in the world. With the card, parents can manage spending limits and allocate funds for their children through a mobile app. Amazon Cash.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

FICO

OCTOBER 11, 2019

While the majority of attendees understood that having excessively high debts was not good for their credit score, there was a sizable percent of participants who incorrectly assumed that closing down inactive credit cards is a positive action that will increase their score (in reality, this action can result in a score decrease).

Credit Cards 40

Credit Cards Accounts Assessments Credit Limit 40

PYMNTS

MAY 13, 2019

The proposed credit card interest rate cap legislation , courtesy of Democratic presidential hopeful Senator Bernie Sanders and Rep. So, what makes credit card interest rates any different? It’s just the price of extending and accessing credit. Here’s why. Well, nothing, in fact. The Definition of Insanity.

Consumer 78

Consumer Caps Credit Cards Push-to-Card 78