Browsing: Credit cards

Newsbytes

Credit card use picked up in the second quarter of 2018, according ABA’s latest Credit Card Market Monitor released today. Monthly purchase volumes for super-prime accounts increased 9.2 percent year-on-year, while prime accounts rose 6.6 percent, both record highs. Subprime accounts saw slower year-on-year growth at 3 percent. The total number of new accounts (opened

Newsbytes

Payment fraud remains rare, representing small fractions of 1 percent of the total number and the total value of payments, according to the Federal Reserve Payments Study released today.

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