Survey: Only 41 Percent of Merchants EMV-Ready
Only 41 percent of business owners currently have the ability to accept EMV credit and debit cards, according to a survey released this week by Newtek Business Services.
Browsing: Credit cards
OCC Updates Guidance on Credit Cards
The OCC yesterday updated its Comptroller’s Handbook guidance on credit card lending.
Fed Survey: Economic Outlook Triggers Business Credit Tightening
Citing the economic outlook, bankers are showing signs of tightening credit for business loans while they continued to ease credit standards slightly in their home mortgage and consumer loan portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.
ABA Compliance Center Inbox, November/December 2015
A HELOC for an executive officer and other sticky compliance situations.
Survey: Cards Account for More than Half of Payments
Debit cards, cash and credit cards remain the most popular payment methods, according to recently released results from the Federal Reserve Bank of Boston’s 2013 Survey of Consumer Payment Choice.
Consumer Delinquencies Fall in Second Quarter
Delinquencies on consumer loans fell significantly in the second quarter, driven by large declines in home loan-related delinquencies, according to the ABA Consumer Credit Delinquency Bulletin that was released today. Delinquencies fell in seven of the 11 loan categories.
Weekly Infobyte: What Is Your Favorite Use for Card Rewards?
Millennials like cash back; older generations are less likely to use rewards cards.
Keating Op-Ed: Don’t ‘Pin’ Card Safety Hopes on Static Technology
As the EMV card fraud liability shift took place on Oct. 1, ABA President and CEO Frank Keating pointed out in a Huffington Post op-ed that the chip in the new cards is a big advance in protecting customers’ data.
Second Circuit Upholds NYC Ban on Credit Card Surcharges
There is no uniformity among the federal courts regarding the constitutionality of the “no surcharge” law. California recently held that its “no surcharge” statute was unconstitutional, but Texas recently held otherwise.
ABA’s Johnson: Chip, Not PIN, Key to Securing Card Transactions
Responding in The Hill to claims by a retailer trade group, ABA SVP Doug Johnson made the case today that the chip in new EMV cards is the key to securing card transaction — not the PIN, as retailers have argued.