Charge-Offs 2015

The decline in the U.S. bank credit card charge-off ratio will likely bottom in the fourth quarter, dipping below the 3.00% mark for the first time since the first quarter 1995, but then heading higher throughout 2015. On a weighted basis charge-offs should come in around 3.01%, while the unweighted ratio should slide to 2.96% for the fourth quarter.

Card Revenues 2014

Regulation and legislation have again effected every portfolio revenue variable: including total revenue, interest income/fee income split, thus seeing issuers respond by assessing new fees and repricing existing fees, where permissible. However, R.K. Hammer’s annual state-of-the-industry report notes the CFPB still has yet to fully catch its stride, so even more regulation will likely be…

Comdata, MasterCard Partnership

Businesses can now pay their vendors through a collaboration announced today by Behalf, Comdata and MasterCard. The initiative helps improve cash flow for SMBs by providing alternative payment terms for their payments to merchants that accept MasterCard and are approved for participation by Behalf. Behalf will pay an SMB’s vendor invoice of up to $10,000 per purchase, and the SMB then pays Behalf back over up to 120 days. SMBs receive favorable rates and terms while their vendors benefit from more rapid cash flow, lower risk of fraud, fewer credit losses and increased sales. The offering extends Behalf’s product benefit by adding the ability to use a unique, secure virtual card for both point of sale and online purchases while receiving convenient payment terms.

Misys & SWIFT

Misys software has been awarded the SWIFT Certified Application labels for trade, supply chain finance and corporate supply chain finance. Having won the recognition for the seventh consecutive year, Misys was namely awarded for its FusionBanking Trade Innovation and FusionBanking Corporate Channels, FusionBanking Trade Innovation and FusionBanking Corporate Channels – Supply Chain Finance and FusionBanking Corporate Channels – Corporates-Trade Supply Chain Finance. Misys’ dedication to SWIFT best practices over the years has ensured the firm’s trade services platforms are compliant with the latest standards in trade finance. In upcoming releases this will include support for the SWIFT FATF 16 changes, due in 2015 as part of SWIFT’s roadmap to address financial crime in payments and trade finance.