Remove Cards Remove Comparison Remove Management Remove Risk Management
article thumbnail

UK Credit Cards: Are "Established" Accounts in Trouble?

FICO

Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? The percentage of Established UK credit card accounts with two missed payments is more than 83 percent higher than all account vintages. The percentage of Established UK credit card accounts with three missed payments is nearly 94 percent higher.

Cards 52
article thumbnail

Using Benchmarking Data Strategically for Card Management

FICO

When assessing the success of a strategy, whether it is related to limit management, collections or another decision, issuers will use a variety of data both internal and external. If the strategy is a challenger, it will be judged in comparison to the champion strategy. That’s where benchmark data can be extremely valuable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UK Card Spend Reaches Highest Level Since at Least 2006

FICO

But this year’s rise seems to also have been driven by inflation, pushing the amount of average credit card spend in the UK to the highest level since our UK Risk Benchmarking records began in 2006. This rise occurred in a month when UK retail sales volumes were widely reported as being down relative to past years.

Cards 52
article thumbnail

LexisNexis Teams With Cortera To Add B2B Payment Behavior Data Into Risk Assessment

PYMNTS

As part of LexisNexis Risk Solutions’ “Ask the Small Business Experts” series, Head of Small Business Risk Management Ben Cutler interviewed Cortera CEO Jim Swift about the role trade credit data plays in risk assessment. ”

Data 136
article thumbnail

US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Inflation (the year-over-year comparison of the Consumer Price Index) continued to slow in March to 5%; however, prices continue to rise month-over-month. Compared to Q4 2021, the average interest rate on general purpose credit cards has increased nearly 800 basis points (Source: Federal Reserve G.19 year-over-year.

Trends 52
article thumbnail

UK Credit Market Report April: Credit Card Spend Up 12 Percent

FICO

Our latest UK Credit Market Report on card trends for April 2021 shows the impact of the opening up of hospitality and retail on April 12. The figures include a 12 percent rise in card spend and more customers exceeding their card limit. Spend on UK cards continued to increase, along with the percentage of payments.

Cards 52
article thumbnail

Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List

PYMNTS

So, while seemingly paling in comparison, this week had its fair share of Sizzles — and some interesting Fizzles. Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants.

Lending 100