By Jonathan Price
Browsing: Credit cards
New credit card accounts rose 11 percent year-on-year in the second quarter of 2016 to total 84.9 million, according to the latest edition of ABA’s Credit Card Market Monitor released today.
The rise of prescriptive analytics, the ‘fourth frontier’ in big data.
Credit cards and online bill pay increased their shares of all payments, according to results from the Federal Reserve Bank of Boston’s 2014 Survey of Consumer Payment Choice released today.
A year after the liability shift for card fraud based on readiness for chip card or EMV capability, merchants that had completed the transition to chip card terminals saw 47 percent less counterfeit fraud in May versus a year earlier, according to figures released today by Visa.
While nearly half of U.S. consumers believe they will experience credit or debit card fraud in the next five years — and 42 percent have personally experienced it — victims of fraud are universally satisfied with the way their bank resolved the situation, according to a recent survey.
New credit card accounts rose 13 percent year-on-year in the first quarter of 2016 to total 83.5 million, according to the latest edition of ABA’s Credit Card Market Monitor released today.
Following the Target data breach of 40 million credit and debit card accounts in late 2013, there was little to no change in the use of credit and debit cards, according to researchers at the Federal Reserve Bank of Boston.
The share of Americans making costly credit card decisions continues to decline.
The fast-food chain Wendy’s yesterday confirmed that 1,025 locations — nearly 20 percent of U.S. stores — were part of a major data breach that ran for up to several months in which cyber criminals infected card terminals with malware to steal debit and credit card data.