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Why Do Issuer Declines Happen?

Fi911

An issuer decline code is provided by an issuing bank to a merchant, indicating the rejection of a credit card transaction. This means that the issuer has halted or blocked the transaction. The specific code gives a brief reason for why the issuer turned down the purchase.

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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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Will FCA Proposals Fix the UK’s Persistent Debt Problem?

FICO

The FCA estimates that credit card customers could save up to ÂŁ1.3 People who are living on the credit card and credit-stressed are unlikely to be in a position to pay faster. Reducing Card Use Is Tough. Nobody will pay a card rather than feed the kids! billion a year if its proposals are enacted.

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FCA Persistent Debt Rules – Options for Alerting Customers

FICO

If the new FCA persistent debt rules come into effect, the way issuers communicate with customers will determine how successful they are and could affect customer risk and retention. From July 2018 issuers will need to prompt their cardholders if their expenditure surpasses pre-defined thresholds. Options for Contacting Customers.

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Can Virtual Cards Void Checks’ Feeble Future?

PYMNTS

In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer? As ePayables have emerged as an option in the commercial realm, Yarbrough noted that a virtual card can solve problems for both buyers and suppliers. The Friction Points Hindering Adoption.

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Unused Credit Card Lines Are a ÂŁ90 Billion Problem in UK

FICO

As the UK’s Financial Conduct Authority proposes that issuers reduce or waive interest rate charges for persistent credit card debt, it raises the question: Just how much credit card debt do Britons carry? Veteran (5+ years on book) has the highest % of unused credit on accounts which are spending.

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US Bankcard Industry Benchmarking Trends: 2022 Q1 Update

FICO

The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. Unemployment rate is typically a key factor used in credit card loss forecasting models due to its high correlation with delinquency and loss.