The average U.S. 90+ day delinquency rate among the nation’s four largest issuers is expected to rise 3 basis points (bps) in the third quarter. In the second quarter 90+ delinquency declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago.
A new survey shows lower income respondents were more likely to lack knowledge of EMV cards than those in higher income brackets. Nearly 60% of consumers with an income of $25,000-$49,999 were unaware of EMV cards. However, only 26% of the highest income cohort ($150,000+) lacked knowledge of EMV credit cards.
MasterCard has unleashed its “Take 5 to Protect Yourself” initiative, a campaign to encourage cardholders to fight fraud by taking just five minutes to sign up for MasterCard ID Theft Alerts™. The “Take 5 to Protect Yourself” campaign is the latest in the company’s ongoing commitment to protecting consumers’ financial and personal information.
GoldMoney announces the launch of automated savings and payments tools for the BitGold platform. The BitGold platform, a self-directed savings platform and payments network, continues to add new tools and features never before available in the consumer gold market, driving innovation by increasing access, lowering friction, and increasing the utility of gold as a form of savings and as universal payment medium.