The credit card debt ratio has finally shifted in favor of the consumer. The latest annual report on credit card debt in the U.S. from The Nilson Report shows that the level of credit card debt to total consumer credit has reached a 25-year low from...
While the figures are nowhere near where they were 10 years ago, the credit card market share in terms of payment card volume still gives an edge toward credit cards, when compared to debit and prepaid cards issued in the U.S. Figures from The Nilson...
July 13, 2017
Bank of America Merrill Lynch reached a new benchmark in its commercial card business last year, allowing it to secure its top ranking in three combined categories. According to a press release, BofA Merrill processed $56.3 billion in U.S. purchases in 2016 across three categories – purchasing cards, corporate cards and prepaid cards, a 9.2 […]
June 25, 2015
The credit card debt ratio has finally shifted in favor of the consumer. The latest annual report on credit card debt in the U.S. from The Nilson Report shows that the...
May 27, 2015
While the figures are nowhere near where they were 10 years ago, the credit card market share in terms of payment card volume still gives an edge toward credit cards,...
