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CFPB issues request for information on consumer credit card market

CFPB Monitor

The CFPB has issued a new request for information (RFI) to inform its biennial review of the credit card market mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act). Comments on the RFI must be received by April 24, 2023.

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Emerging Markets Payment Index: Q4 2015

Payments Dive

The Emerging Markets Payment Index is intended to be used by digital media companies, web and game developers for benchmarking their revenue in markets with high smartphone growth and low credit card penetration.

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Mastercard Gets Nod To Join China’s $27T Payments Market

PYMNTS

11) to set up a bank card clearing business, granting access to a $27 trillion payments market, according to reports. . The People’s Bank of China said in a statement that it has approved an application by Mastercard’s Chinese joint venture to conduct bank card clearing business in the country.

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PYMNTS Daily Data Dive: Fraud Losses Topped $21B In 2015

PYMNTS

billion on all credit, debit and prepaid general-purpose and private-label payment cards issued globally. percent in 2015, outpacing the growing global card volume. where issuers poured EMV cards into the market, merchants lagged in deploying terminals.”. market accounted for. cents was fraudulent.

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New credit card partnerships climb, but the composition shifts

Accenture

The credit card partnership market is off to an aggressive start in 2019, given issuers’ robust activity in the first half to try to fuel new growth amidst a leveling-off in receivables. Already, 10 new credit card programs launched in the second quarter of 2019 (Figure 1), compared to the 16 launched in 2018, based on our analysis.

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UK Retailers Press For Commercial Card Interchange Fee Caps

PYMNTS

card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 Payment Systems Regulator (PSR) continue their probes into competition of the card-acquiring space, with Mastercard and Visa offering late last year to cut swipe fees on tourist cards to help end the EC’s investigation.

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Global Payment Card Numbers Rise To 14B As Debit Card Issuance Grows

PYMNTS

A new study has found that the number of payment cards issued globally reached 14 billion last year and is predicted to rise to 17 billion by 2022, boosted by an increase in overall debit card issuance. RBR , a strategic research and consulting firm, recently published its “Global Payment Cards Data and Forecasts to 2022” report.

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