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
The OCC yesterday updated its Comptroller’s Handbook guidance on credit card lending.
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.
A HELOC for an executive officer and other sticky compliance situations.
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.
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.
Millennials like cash back; older generations are less likely to use rewards cards.
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.
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.
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.