Credit Card Delinquencies Remain at Historic Lows in 2Q/16

Credit Card Delinquencies Remain at Historic Lows in 2Q/16

Bank card delinquencies edged up 1 basis point to 2.48 percent of all accounts in the second quarter.  They remain significantly below their 15-year average of 3.70 percent. According to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin, delinquencies in closed-end loans fell slightly in the second quarter, driven by a drop in…

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Retailers Plan to Utilize an Order Management System Across Channels

Retailers Plan to Utilize an Order Management System Across Channels

About 56% of retailers indicate their top digital priority is to create a consistent brand experience across channels. Retailers understand that consumers expect a personalized, seamless experience wherever, whenever and however they shop and they are focused on delivering a unified experience. According to the BRP 2016 Digital Commerce Survey, today’s unified commerce imperative moves…

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Citi Unloads Brazilian Credit Card Portfolio to Itaú Unibanco

Citi Unloads Brazilian Credit Card Portfolio to Itaú Unibanco

Citi has reached a definitive agreement to sell its consumer banking business in Brazil to Itaú Unibanco/ The sale constitutes approximately US$2.8 billion in assets for Citi in Brazil and includes credit cards, personal loans and deposit accounts, as well as Citi Brazil’s retail brokerage business. Citi’s consumer banking operations in Brazil will continue to…

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Hispanics Solidly Embrace Mobile Banking

Hispanics Solidly Embrace Mobile Banking

New research reveals Hispanic consumers are significantly more likely to engage with mobile to manage their finances, with 78% using a mobile banking app, compared to approximately half of non-Hispanics. Nearly three-quarters of the Hispanic community cite digital as their primary method of banking. Bank of America’s ‘Trends in Consumer Mobility Report’, reveals similar insights…

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