Posts by Jackie Maybaum
by August 22, 2011,
Consumer credit card debt has dipped to levels not seen since 2006
and the memory of pre-recession spending habits continues to get
hazier with each passing day. In May, revolving credit card
balances totaled over $790 billion, down $180 billion from mid-2008
peak levels. Debit and Prepaid volume...read more
by June 16, 2011,
This week, American Express unveiled a new payments offering that
will surely compete with not just other prepaid options, but
will impact debit and credit sales volume as well.The prepaid card
offered by American Express carries no fee for activation,
reloading or lost card replacement. The card...read more
by June 9, 2011,
The end of 2010 was a transitional time for credit card lenders.
Card issuers were faced with the need to jump-start “return
to growth strategies” as a result of diminished profits stemming
from the great recession and all of the credit tightening actions
deployed over the last two years. ...read more
