Industry Analysis & Industry Trends
The Credit Card Issuing industry was hit hard by the recession, as high unemployment rates and contracting credit caused delinquencies to rise. These trends contributed to a free fall in profit, as more people delayed making credit card payments or missed payments entirely. However, conditions will ease over the next five years, with the industry set to make a steady recovery. As consumers use cash less and online commerce more, demand for credit cards will increase substantially... purchase to read more
Industry Report - Industry Products Chapter
Credit cards issued in the United States are not issued directly by Visa, MasterCard or any other payment-solution organization. These corporations provide the actual payment systems used when payments are made by credit card. Normally, they are jointly owned by member financial institutions, and they offer their payment solutions through these member institutions.
In essence, the US Credit Card Issuing industry offers a single product: credit cards. These cards differ from one another in regard to credit limits, reward schemes (e.g. frequent-flyer miles, spending points and cash back), interest rates, and monthly and annual fees and charges. Despite these differences, credit cards are very similar in product offerings... purchase to read more