AmEx Earnings Beat as Credit-Card Use Jumps

Posted by administrator | 18/04/12 | Tagged Credit Card

AmEx Earnings Beat as Credit-Card Use Jumps
News from CNBC.com:

American Express posted a higher first-quarter profit as its customers spent more on their credit cards, reflecting sales gains in the rebounding U.S. economy.

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The credit-card company


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Could traditional card use be usurped by mobile payments soon?
News from Debtmerica Relief:

The way in which consumers currently deal with credit card debt could soon become a thing of the past.

A recent poll of experts found that 65 percent believe mobile wallet technology – in which payments are completed with near-field communications-enabled smartphones – will become so ubiquitous within the next few years that it will have largely supplanted traditional credit card use and even cash by 2020, according to new research from the Pew Internet and American Life Project. However, another 33 percent say that consumer’s concerns about the privacy and security of their payment data will prevent this technology from becoming too popular.

Already, a number of companies are developing and pushing their own mobile platforms and it’s expected that a larger number of smartphones will come with the necessary NFC technology embedded within the next year or so.

The financial management to…………… continues on Debtmerica Relief

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Earnings Preview: Capital One to report 1Q results

Posted by administrator | 18/04/12 | Tagged Credit Card

Earnings Preview: Capital One to report 1Q results
News from msnbc.com:

Capital One Financial Corp. is expected to report on Thursday a higher profit for the first three months of the year, a quarter that saw heightened retail spending by U.S. consumers, but mixed trends in credit card use. Capital One also closed on its acquisition of online bank ING Direct during the quarter.

WHAT TO WATCH FOR: Whether consumers’ use of Capital One credit cards increased or declined, as well as details on how quickly borrowers are paying down their balances — trends that factor into how much interest and fee income the company earns.

In the October-to-December quarter, Capital One saw purchase volumes in its credit card segment jump 17.8 percent from a year earlier, as consumers reached for their credit cards more often.

Another key performance metric for Capital One: the rate at which credit card and other loan debt went unpaid.

But investor interest will likely be focused on how the company’s integration of ING Direct is coming along.

Capital One completed its $ 8.96 billion acquisition of Netherlands-based ING Groep’s U.S. online division in February. Capital One aims to pitch credit cards and other financial products to ING Direct’s 7.5 m…………… continues on msnbc.com

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Related News:

Most will use phone, not cash or credit cards, for payments, by 2020: Pew
News from msnbc.com:

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1 day

Information on your Facebook profile via the social
network’s Download Your Information feature now includes a full list of every
person you… Read more

1 hr.

Take a look at the green stuff in your wallet  (if you have any) and prepare to say goodbye to it in the future: By 2020, most Americans will be using their cellphones, not cash or credit cards, to make payments.

That’s what 65 percent of the 1,021 tech experts surveyed by Pew Research Center’s Internet & American Life Project and the Imagining the Internet Center at Elon University said is likely to be the case, with consumers not only adopting, but embracing, the use of “smart…………… continues on msnbc.com

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Royce Leather Credit Card Wallet 149-6 – Black


Genuine Leather Credit Card Wallet holds up to 12 credit cards. ID window for your driver’s license and a zippered compartment for your bills.
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