Technology stocks – Acts INC http://actsinc.org/ Tue, 24 May 2022 13:17:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://actsinc.org/wp-content/uploads/2021/10/cropped-icon-32x32.png Technology stocks – Acts INC http://actsinc.org/ 32 32 Optimus Cards Introduces Credit Card for Credit Union https://actsinc.org/optimus-cards-introduces-credit-card-for-credit-union/ Tue, 24 May 2022 13:17:14 +0000 https://actsinc.org/optimus-cards-introduces-credit-card-for-credit-union/ In a UK first for credit unions, Optimus Cards, the UK’s most innovative provider of white label cards and banking solutions for traditional and new currencies, has launched its new credit card product flexible and responsible to credit unions at the annual ABCUL conference.

Additionally, Optimus Cards announces its collaboration with NestEgg to support its credit card program enabling credit unions to adopt automated decision making for credit card applications. NestEgg helps individuals improve their financial health by starting with affordable credit from selected responsible lenders.

In another giant leap for the industry, this collaboration means credit unions can set their own risk appetite for credit card approvals by automating limits based on the borrower’s credit profile.

Optimus has been at the forefront of this new credit card strategy. The company has served on the ABCUL’s Credit Union Working Group, which has led to the development of a policy framework on behalf of its members over the past 18 months.

This new initiative is based on the same Optimus principles of owners of the balance sheet, line of credit, risks and receivables still owned by the credit union.

Lindsay Ward COO of Optimus Cards commented. “This is an important strategic decision for Optimus. Working with Adrian and the NestEgg team has given us a better understanding of the needs of the credit union industry. The additional insights from NestEgg Systems means we can launch a flexible and robust credit card solution that is unmatched in the credit union space. This credit card program will allow credit unions to adopt a new service for their members while opening a new book of affordable loans.

“Optimus provides a credit card on behalf of UK credit unions in a very transparent and simple way. All receivables in the program are owned by independent credit unions. The solution and loan portfolio are owned by the credit union, while such as their consumer credit license, risk and portfolio P&L. This is an exciting time for Optimus,” concluded Ward.
Adrian Davies, co-founder of NestEgg, said, “NestEgg is thrilled to partner with Optimus Cards to fulfill a long-standing ambition of the credit union movement: to provide a credit card to members.”
“With 1/3 of credit union borrowers holding revolving credit elsewhere, the demand is there. In fact, more than two-thirds of members using revolving credit had near or optimal credit scores. And once opened, credit card accounts stay open; in most cases for more than six years.

“We sought out this opportunity with several credit unions. and were amazed to find that in some credit unions, 94% of borrowers had not missed a single repayment. The challenge has always been to make revolving credit work in a practical way for members. Now Optimus Cards can make that a reality,” Davies concluded.

As a regulated CaaS (cards as a service) provider and principal member of Mastercard, Optimus Cards provides payment and banking solutions to regulated and unregulated businesses, from simple BIN sponsorship to program managers, to managing full of cards and banking services. solutions, Optimus’ strategy is based on innovation, speed and flexibility. Offering its solutions to mutual businesses such as credit unions and building societies. Optimus’ footprint and success is built on ecosystem integrations with many core banking platforms. Providing the ultimate in integrated banking and card solutions.

As a result of the research, NestEgg has developed automated decision making for credit card applications. This means credit unions can set their own risk appetite for credit card approvals, automating limits based on the borrower’s credit profile. Currently, NestEgg helps a credit union decide on a loan application every three minutes, 24 hours a day, 7 days a week, 365 days a year.

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SOS: Identity of the woman confirmed; credit card account reactivated | Just ask us https://actsinc.org/sos-identity-of-the-woman-confirmed-credit-card-account-reactivated-just-ask-us/ Sun, 22 May 2022 21:00:00 +0000 https://actsinc.org/sos-identity-of-the-woman-confirmed-credit-card-account-reactivated-just-ask-us/

Margaret Guadarrama had a trying winter holiday season.

First a hacked debit card, then a lost phone, then having to create a new Gmail account because the number that Google wanted to confirm as hers so she could access her old Gmail account was the old number that she no longer had.

“In the meantime, I got a new debit card, but some of my creditors got paid with my debit card and because I had a new one, they weren’t getting paid,” he said. she stated. “Because I had a new phone number and email, they couldn’t contact me.”

Almost all of this she was finally able to train on her own, she said. The exception was his Amazon Rewards credit card from Chase Bank.

Guadarrama emailed SOS on March 24 to say she had spent the past week trying unsuccessfully to re-establish friendly relations with the account which apparently could not confirm her identity via phone number, device or personal information.

At one point, she says, the identity verification gods asked her if she had ever lived at one of the four addresses in Cedar Park, Texas. Her ex-husband had, she said, but not her, which “wasn’t the answer they wanted.” She said Chase told her to refrain from using her card and she would call him the next day. She did, but they didn’t, she said.

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“All I want to know is how much I owe them and how much I have to pay per month,” she said. “However, it seems unimportant to them because they cannot verify that I exist.”

SOS first emailed Chase and Amazon on behalf of Guadarrama on April 11; nine days later, neither she nor SOS had replied.

So SOS harassed them again on April 21 and was rewarded less than an hour later with a response from Ashley Dodd, card communications manager for Chase Card Services, who said Guadarrama’s concern had been “transmitted” to “our executive office”.


SOS: Getting Dave Brubeck's

The next day she was back to say “we have spoken directly with Ms Guadarrama and confirmed that she now has full access to her account”.

Guadarrama confirmed the same to SOS on April 26.

“The security of our customers’ accounts is a top priority and for its protection, a temporary suspension has been placed on Ms. Guadarrama’s account after we detected a potential suspicious call when she was initially unable to pass security authentication,” Dodd said.


SOS: Credit/refund in Fiji is the latest element of the “dream trip” canceled by COVID-19

Paschke said “Josh” said to keep his number and he would “personally make sure I get the money back after December.”


SOS records its first twofer: another canceled flight reward runaround

Loyal readers may remember John Schmitz from April, when, at the start of the COVID-19 pandemic, SOS was able to help him break through…


SOS: mail delivery, wire harness, airline credits, oh boy!

“If I hadn’t gone to the post office and done my own investigation, we wouldn’t have received our ballots.”


SOS: Travel reimbursement to United Airlines provided a lot of turbulence

Paul Weimer called United’s explanation “the revisionist story”.


SOS: Frontier Airlines Responds to 1 of 2 Customer Complaints

“Why wouldn’t I use those 50,000 miles for free flights if I had them in my account in early June?”


SOS: Frontier Airlines changes course and refunds canceled flight

Airlines have taken advantage of federal rules that allow them to deny refunds of non-refundable tickets to travelers who cancel their trip.


SOS: At least mitigate the damage caused by the COVID-19 pandemic

SOS tackles the problems of unemployment and plane tickets.


SOS: a fan promised reimbursement for a flight she never took, a match she did not attend

“They don’t seem to understand that if I couldn’t get to Tampa, how was I supposed to use the ticket and get back?”

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Suspect steals credit card from woman praying at local Catholic church, documentation says https://actsinc.org/suspect-steals-credit-card-from-woman-praying-at-local-catholic-church-documentation-says/ Fri, 20 May 2022 18:54:52 +0000 https://actsinc.org/suspect-steals-credit-card-from-woman-praying-at-local-catholic-church-documentation-says/

HOUSTON – A suspect appears to have ignored the ‘Thou shalt not steal’ command when he stole a woman’s credit cards while she was praying in the chapel of St. Vincent DePaul Catholic Church – then took a spree shopping, according to court records.

Brian Keith Wilson, 56, has been charged with credit/debit card abuse following the March 31 incident.

According to court records, the woman, aged around 65, went to light a candle outside the chapel and pray, and when she returned to the pew where she was sitting, she noticed her handbag was missing. She was then reportedly told by her bank that her credit card had been charged 96.1 at a Wal-Mart located at 2391 S. Wayside Dr.

A witness, who works at the church, told investigators he knew Wilson and said he often came into the church and asked church members for money, court records show. The witness provided indoor camera video of Wilson stealing the woman’s purse out of the chapel as she lit the candle. Although the video shows the suspect wearing a mask, investigators were able to identify him through the clothing.

A d

According to documents, investigators recovered photos from the Wal-Mart where the purchase was made and showed Wilson wearing the same clothes at the time of the incident at the church.

A warrant for Wilson’s arrest has been issued.

Records also show Wilson has a long criminal history involving robbery, auto theft and robbery.

Copyright 2022 by KPRC Click2Houston – All Rights Reserved.

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What are the credit score ranges? | Credit Card News and Advice https://actsinc.org/what-are-the-credit-score-ranges-credit-card-news-and-advice/ Wed, 18 May 2022 13:51:00 +0000 https://actsinc.org/what-are-the-credit-score-ranges-credit-card-news-and-advice/

There is often a lot of confusion when it comes to credit score ranges. One of the problems is that you have many different credit ratings. It is therefore difficult, but not impossible, to determine in which credit range you fall. Knowing your credit status starts with finding out your credit score.

I’ll pull back the curtain so you can have a clear view of your credit score range in all its glory. Well, let’s hope it’s glorious!

What is a credit score?

Your credit score is a measure of your creditworthiness. When you apply for credit, a lender typically requests your credit score from each of three credit bureaus: Equifax, Experian, and TransUnion. Credit scores are calculated based on the contents of your credit files at each office. Sometimes creditors report your payment history to only one or two offices. This can result in different credit ratings at different bureaus.

As if that were not enough, there are also different versions of partitions. The most commonly used credit scores are FICO and VantageScore, which range from 300 to 850, but there are also many versions of these credit scores. Even though the scoring algorithms for FICO and VantageScore look at similar factors, they weigh them differently. This means that you cannot directly compare your FICO score to your VantageScore.

But with both types of scores, the higher your score, the less risky you appear to financial institutions. So if you have a FICO score of, say, 760, that tells the lender that you’re likely to repay a loan or credit card debt.

Another difference between FICO and VantageScore is the time it takes to generate a credit score. VantageScore favors those new to credit because you can generate a score after you’ve had credit for at least a month. With FICO, it takes about six months of payment history reported to the bureaus before you have a credit score.

Next, let’s look at what affects your credit score.

What affects your credit score?

Although both FICO and VantageScore are based on data from your credit reports, the main differences between the two are the weights given to different consumer behaviors.

For FICO, here are the factors that impact your score and their respective weights:

  • Payment history: 35%.
  • Amount: 30 %.
  • Length of credit history: 15%.
  • Composition of credit: ten%.
  • New credit: ten%.

VantageScore looks at a variety of factors and rates them based on their influence on your score. Here are the key areas that impact your VantageScore:

  • Payment history: Extremely influential.
  • Age and type of credit: Very influential.
  • Percentage of credit limit used: Very influential.
  • Total balances and debt: Moderately influential.
  • Recent credit behavior: Less influential.
  • Credit available: Less influential.

What are the credit score ranges?

Credit decisions are made based on many factors, not just your credit score. But identifying your credit score range helps you decide if it’s high enough for the type of credit you’re applying for. For example, if you want a rewards credit card that requires very good credit, but you only have fair credit, you’ll know you need to improve your score before you apply.

Here are the FICO credit score ranges:

  • Exceptional: 800 and more.
  • Very good: 740-799.
  • Good: 670-739.
  • Fair: 580-669.
  • Poor: 579 and below.

As I mentioned before, even though VantageScore has the same numerical ranges as a FICO score, they cannot be compared head-to-head. Here are the credit score ranges for VantageScore:

  • Excellent: 781-850.
  • Good: 661-780.
  • Fair: 601-660.
  • Poor: 500-600.
  • Very bad: 300-499.

You can see how credit brackets differ by looking at fair credit, for example. If you have a FICO score of 600, you fall within the fair credit score range. But a VantageScore of 600 is considered a bad score. The credit ranges between the two types of scores overlap, but there are also differences when trying to determine your credit status.

Basically, just know what score you’re trying to perform. Most websites have a disclosure statement that reveals which score is used and which credit bureau provided the score.

How to check your credit score

There are many ways to view your credit score. Most major credit card issuers offer a free credit score with your monthly statement. Some offer them whenever you want to know your credit score.

There are also several websites that offer free educational credit scores. These are usually VantageScore, but that also has value. Now that you know how to identify your credit status, whether it’s a FICO score or a VantageScore, you can use your score to help you make smart credit decisions.

You can also pay your FICO score at myFICO.com. Be careful not to accidentally sign up for a credit monitoring service, or you’ll end up paying a monthly fee.

How to monitor your credit

In addition to understanding where you fall in credit score ranges, you also want to review your annual credit reports. You can request a free annual credit report from each of the three credit bureaus at AnnualCreditReport.com. Note that your credit report will not include your credit score. So seeing your credit score and getting your credit report are two different actions.

Reviewing your credit report can help you identify ways to improve your credit score. It also helps you identify fraud. For example, if you see a credit account that you did not open, you should immediately report the fraudulent account to the credit bureaus.

]]> Tough times leading to an explosion in credit card debt for Americans https://actsinc.org/tough-times-leading-to-an-explosion-in-credit-card-debt-for-americans/ Mon, 16 May 2022 21:03:22 +0000 https://actsinc.org/tough-times-leading-to-an-explosion-in-credit-card-debt-for-americans/

Crushing inflation is leading millions of Americans to rely more heavily on their credit cards, leading to an explosion in accumulated debt.

KGVO News contacted Wallet Hub Legal and financial analyst Jill Gonzalez on Monday for the update.

“Right now, American consumers have started to fall back into bad credit card debt habits,” Gonzalez said. “We saw a record reduction at the start of the pandemic in 2020, but in 2021 we saw things slip away from us, and I think we’re going to continue to see that as we move forward with 2022 as well. Right now we’re seeing an increase of about $75 billion quarter over quarter.

Gonzalez said American families are rapidly sinking into deeper credit card debt.

“Right now it looks like the average household credit card balance is around $9,000, and that’s getting closer to that predicted breaking point that we’ve seen in the past that basically means a recession. “, she said. “There is most likely a recession imminent, probably in the fourth quarter (the fourth quarter) of this year, so it is time to really get things under control.

Gonzalez said that despite the financial difficulties, the time has come to create some kind of emergency fund.

“Besides the obvious things like making a budget and sticking to it, now is the time to build an emergency fund,” he said. “We’ve seen what happens when you don’t have one during the recession. You really want that cash safety net to fall back on you because then you won’t be as likely to fall behind on your bills in the event of emergency expenses or unexpected unemployment that we’ve seen basically over the past two last years.

Gonzalez said her organization has resources to help families in their efforts to reduce credit card debt.

“There are credit card debt calculators out there that can do the job for you,” she said. “You put in how many credit cards you have, what your balance is on each and what your interest rate is on each and it can spit out what your monthly payment should be on each of those credit cards. is really the easiest way to have at least one goal and try to achieve and stick to it. credit card calculators so you can use it for free.

For example, you need to make monthly payments of $295 to pay off your credit card balance of $6,000 in 24 months. Your total interest charges will be $1,088. This assumes that you do not incur any additional charges during this period.

WATCH: Here are 25 ways to start saving money today

Whether it’s finding cashbacks or simple changes to your daily habits, these money-saving tips can come in handy whether you have a specific savings goal, want to save money, money for retirement or just want to earn a few pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]

READ MORE: See the states where people live the longest

Read on to find out the average life expectancy in each state.

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This Giant Credit Card Stock Could Rise to All-Time Highs https://actsinc.org/this-giant-credit-card-stock-could-rise-to-all-time-highs/ Sat, 14 May 2022 14:26:06 +0000 https://actsinc.org/this-giant-credit-card-stock-could-rise-to-all-time-highs/

East American Express (AXP 3.58%) is it worth buying at its current valuation? In this clip from “The Rank” on Motley Fool Live, recorded on April 25Motley Fool contributors Matt Frankel, Jason Hall and Zane Fracek explain where they ranked American Express and whether it’s a good buy given its current valuation.

Matt Frankel: It is Berkshireit is (BRK.A 0.73%) (BRK.B 0.75%) third largest to have now. They own just over 20% of American Express. They are the credit card giant. I classified this n°8, even if I am a shareholder. And it’s more of a rating issue for me. Of the three financial stocks in Berkshire’s Top 10, it is the one that, in my opinion, looks the least attractive. That doesn’t mean it’s a bad deal or Berkshire should sell it or I’m going to sell it or anything like that. AmEx is known as the credit card giant. And they are, out of the major credit card networks, Visa (V 2.71%), MasterCard (MY 3.60%)American Express, Discover (DFS 3.50%), they are the largest which is a closed-loop network. Visa and Mastercard do not lend money. When you swipe your Visa card, it essentially connects your bank to the merchant’s bank. It transfers money from your bank. Or, your bank lends you money if it’s a credit card. American Express, when you swipe your American Express card, American Express lends you money and sends it to your merchant’s account. So they make money in two ways. They make money from what they call “discount income”, but everyone else calls it “merchant fees”. It is the biggest source of their income. Every time you swipe your American Express card, the merchant is charged somewhere in the neighborhood of 2% of that transaction. They also make money from card fees. If someone has an American Express card, you probably know that they have above-average annual fees. The American Express Platinum is my favorite credit card, and it costs a lot of money in annual fees and is well worth it for many consumers. It has free Uber (UBER 4.72%) credits. He has a subscription to the airport lounge. It has all kinds of benefits that are really valuable to customers, especially millennials, which I’ll get into in a moment. They also earn money from interest because they are a lender. Everyone knows that credit card interest rates aren’t cheap, so AmEx makes money off of it. They also charge service fees for things like international money transfers, things like that. So, a quick thing about American Express business. If you’re wondering, just over half comes from consumers like you and me, 38% of American Express’ business comes from small and medium-sized businesses, one of their primary areas of focus. And 7% comes from big business, like corporate credit cards and things like that. By far, American Express’ fastest growing area of ​​business is millennials. Products like the AmEx Platinum that I just mentioned, they offer perks and benefits that are designed to really appeal to younger, affluent consumers, I guess you’d call it. I mentioned airport lounges. Uber rides are a very unique perk, which you can also use for Uber Eats credits, which is a big hit with millennials. Nine out of ten months, that’s what I use mine for. They have a $92 billion loan portfolio. They have very, very good loan quality for a credit card issuer. Right now, their write-off rate is only 0.8% of their loan portfolio on an annualized basis, which is very low for a credit card provider. Most are between 3 and 4%. That’s a big risk factor, in my opinion. If interest rates and inflation continue to rise, and we see a recession in 2022, there is – of all the major forms of lending, none of them will see a spike in defaults as high, as fast as credit cards when the economy turns sour. But, good deals all around. Highly sought after clientele. Lots of pricing power due to their clientele. They may charge merchants a bit more than Visa and Mastercard. And that’s only about 10% off the highs, so makes it one of the best performing stocks this year. Market capitalization of $138 billion. I mentioned Berkshire’s #3 stock. Guys, anyone got an idea on AmEx?

Jason Hall: Berkshire owns 20% of the company. I didn’t know it was that high. It’s the one I owned for a long time until earlier this year when I left my post. I continue to like the company, and if I get an opportunity at a very low valuation, that’s the one I’ll consider adding. I wanted to rank it higher, but I agree with everything Matt said, including the rating. That’s why I ranked it lower. I’m very curious, Zane, you rated it very high. I’m really curious to hear your thoughts.

Zane Freck: Yeah I rated it higher especially than brick and mortar banks like Bank of America (BAC 0.28%) I think. Did I rate it higher than Bank of America? I did it. A few more points than Bank of America and American bank (USB 0.02%), just because I’m a big fan of, I guess, the less brick and mortar the better. That’s kind of what I think of stocks in general. I’m very hesitant to get into retail for this reason. That’s not to say they can’t be great investments. That’s how I operate and I love the American Express brand. I mean, from my perspective, I understand that American Express is a closed loop credit card company. But if you look at the valuation of MasterCard and Visa, I think American Express actually looks pretty good, at least on a price-earnings multiple. They are cheaper than MasterCard and Visa, so I think they are quite attractive here.

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Note to Democrats: Break up the credit card cartel https://actsinc.org/note-to-democrats-break-up-the-credit-card-cartel/ Fri, 13 May 2022 09:00:00 +0000 https://actsinc.org/note-to-democrats-break-up-the-credit-card-cartel/

Last week, after hearing scratching in the walls and noticing mouse droppings under the kitchen sink, my girlfriend called an extermination service. The guy who introduced himself – nervous, bearded, with a rural Maryland accent – ​​seemed to know his stuff and certainly wasn’t shy about talking about it. He said he likes his job – better paid than his old job, a farmer – but he has a few complaints.

First, he frequently encounters snakes when snooping around crawl spaces, and he’s not a fan of them (I warned him there are ratsnakes in our house). Second, he is vexed by state regulators who no longer allow him to kill snakes or other creatures. “They redefined them as ‘wildlife’,” he sneered. And third, after asking that we pay by check instead of card, he went on a lengthy rant about the high transaction fees credit card companies charge small businesses. His five-person company, he said, paid $26,000 in “sweeping fees” last year.

It turns out that the day the exterminator came out, the Senate Judiciary Committee held hearings on this swipe fee issue. President Dick Durbin scheduled the hearing after Visa and Mastercard, which control more than 80% credit card transactions, imposed a $1.2 billion increase in swipe fees last month. This scam is on top of the additional $27 billion in credit and debit card processing fees US merchants paid in 2021 compared to 2020 (a 30% increase), according to one of the witnesses, Doug Kantorgeneral counsel for the National Association of Convenience Stores.

Swipe fees, Kantor explained, “rise with every dollar of inflation” and act as an “inflation multiplier,” forcing retailers to raise prices “to keep up with the fee spiral.” In its last two earnings calls, he added, Visa has made it clear that it is “a beneficiary of inflation” and that inflation is “a good thing for us.”

The central problem, Kantor and other witnesses said, is a lack of competition. In theory, the thousands of banks that issue credit cards could offer merchants lower swipe fees to win their business, just as they offer lower interest rates and other perks to compete for consumer business. . Visa and Mastercard, however, use their market power to force all banks to charge the same fees.

In addition, the complex tariff schedules demanded by the duopoly are higher for small businesses because tariffs are partly volume-based. “Small retailers with a few dozen transactions per day pay a higher rate than national retailers with millions of transactions,” the National Retail Federation noted in a statement. letter to the committee. “Fees are also higher for e-commerce transactions, which have become increasingly important for smaller retailers due to the shift to more online shopping since the start of the pandemic.”

The behavior of Visa and Mastercard resembles classic violations of antitrust law. Indeed, the Department of Justice and the Federal Trade Commission have filed antitrust lawsuits against the credit card giants. These cases, however, limited the market power of firms only slightly. Much more vigorous prosecution is needed.

Congress could help by passing legislation requiring greater competition in the swipe fee market. A provision of the Dodd-Frank Act of 2010, author by Durbin himself, has stimulated competition and moderate fee increases in the debit card market, but the law did not apply to credit cards. At last week’s hearing, there was talk of revisiting this provision, even from Republicans.

Clamping down on credit card swiping fees is precisely the kind of action that could attract the attention of our exterminator and small business owners like him. In his case, even that might not convince him to vote Democratic. His crack on regulations made us think he was a Trump guy. Still, millions of small businesses are being ripped off by Mastercard and Visa. They could be spurred on by signals that Democrats understand their plight and are addressing it.

Alas, hardly any of them probably even heard of last week’s hearings because, apart from a story in Call, it got no national media coverage. In the cacophony of other issues – abortion, Ukraine, gas prices – the earnest efforts of congressional Democrats to push bipartisan anti-monopoly legislation through both chambers and the Biden administration to intensify enforcement of antitrust laws against Big Tech and Big Ag Monopolies fail to break through to the public. If the party can’t change that dynamic quickly, it’s likely to be as screwed halfway through as the average small business by the credit card cartel.

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A surreal sales pitch for a credit card | Advertisement https://actsinc.org/a-surreal-sales-pitch-for-a-credit-card-advertisement/ Wed, 11 May 2022 03:52:55 +0000 https://actsinc.org/a-surreal-sales-pitch-for-a-credit-card-advertisement/

How do you try to convince digital natives to sign up for a physical credit card? First Choice and Leo Burnett Thailand have chosen to go the futuristic route with their “Mafia of Digital World” campaign to sell their XU by First Choice card to this demographic.

This spot stars Ink Warunthon, one of Thailand’s most popular female artists, as a futuristic, surreal and demanding mob boss who loves collaborations and unboxing. However, she takes her fetish too far and finds herself facing an army of money cutters, turning her life upside down.

While one might expect his next move to be to recognize and remedy his shopaholic behavior by cutting back, the ad not only condones the spending spree, but introduces a way to prolong it.

In this case, XU by First Choice, is offered as a solution to the gifting credit mess, with the campaign touting its benefits, including 0% interest for online purchases for up to six months to monthly e-coupons that can be redeemed online, cash up to 18% cash back on online purchases, plus online shopping protection and spend alerts.

“A lot of their (Gen Z’s) requests or wants happen totally on digital platforms…that’s why we launched XU by First Choice, a credit card that makes it easy for younger generations to connect to new online lifestyles,” explained Athip Sinpagekan. , executive vice president of marketing at First Choice.

Sarut Yungcharoen, Group Creative Director at Leo Burnett Thailand, said: “It’s an unconventional approach from a brand that is passionate about adapting its products to the needs of a younger audience and is not afraid to break category norms to get their attention. ”

This campaign follows the launch of ‘Metaverrrrrr’ – a parody of the creation of the world’s first metaverse advertisement to promote First Choice credit cards. Starring Mario and Pattie – who are played by two popular Thai presenters, Metaverrrrrr has racked up over 15.3 million views on YouTube and Facebook in Thailand alone since its launch in February 2022.

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Credit Card Market – Technology and Vendor Assessment (Summary Vendor Profiles, Strategies, Capabilities & Product Mapping and Regional Economic Analysis) by MDC Research https://actsinc.org/credit-card-market-technology-and-vendor-assessment-summary-vendor-profiles-strategies-capabilities-product-mapping-and-regional-economic-analysis-by-mdc-research/ Mon, 09 May 2022 17:17:00 +0000 https://actsinc.org/credit-card-market-technology-and-vendor-assessment-summary-vendor-profiles-strategies-capabilities-product-mapping-and-regional-economic-analysis-by-mdc-research/

Market data center

Credit spending growth is expected to level off in 2022 as sustained consumer adoption of e-commerce pushes online credit card usage to over $500 billion for the first time. The value of in-store credit card transactions will grow 3.2% year-over-year in the United States, reaching nearly $2.336 billion.

Pune, May 09, 2022 (GLOBE NEWSWIRE) — credit card market by Type/Solution, Service, Organization Size, End-Use Industries, and Region – Global Credit Card Market Forecast to 2030, published by Market Data Center, the credit card market is expected to grow at a steady pace over the forecast period. The presence of key players in the ecosystem has led to a competitive and diverse market. Advancement of digital transformation initiatives across several industries is expected to drive the global credit card market during the study period.

Credit spending growth is expected to level off in 2022 as sustained consumer adoption of e-commerce pushes online credit card usage to over $500 billion for the first time. in the United States, reaching almost 2,336 billion dollars.

This report COVID-19 analysis includes IMPACT COVID-19 on production and demand, supply chain. This report provides detailed historical analysis of the global credit card market from 2017 to 2021 and provides detailed market forecast from 2022 to 2030 by region/country and sub-sectors. The report covers revenue, sales volume, price, historical growth and future prospects in the Credit Card market.

“The global credit card payments market was valued at USD 144.9 billion in 2021 and it is estimated to reach over USD 271.4 billion by 2030, at a CAGR of over 10.1% during the forecast period from 2022 to 2030.”

Download a sample PDF@ https://www.marketdatacentre.com/samplepdf/11698

Regional analysis:

Based on geography, the global credit card market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is expected to hold a considerable share of the global credit card market. Due to increasing investment in the research and development process and adoption of solutions in the region, Asia Pacific is expected to grow at a faster rate during the forecast period.

The growing number of credit card market players across all regions is expected to further drive the market growth. Additionally, increasing investment by major vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where large populations are coupled with new innovations in many industries.

In the deep ToC includes

233 – Tables

45 – Numbers

300-pages

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Contents

1. INTRODUCTION
1.1. Market definition
1.2. Market segmentation
1.3. Geographic scope
1.4. Years considered: historical years – 2017 and 2020; Base year – 2021; Forecast Years – 2022 to 2030
1.5. Currency used
2. RESEARCH METHODOLOGY
2.1. Research framework
2.2. Data collection technique
2.3. Information source
2.3.1. Secondary sources
2.3.2. Primary sources
2.4. Market estimation methodology
2.4.1. An in-depth approach
2.4.2. Top-down approach
2.5. Data validation and triangulation
2.5.1. Market Forecast Model
2.5.2. Study limitations/assumptions
3. SUMMARY OF THE STUDY
4. ASSESSMENT OF MARKET DYNAMICS
4.1. Insight
4.2. Drivers
4.3. Obstacles/Challenges
4.4. Opportunities
5. VALUE CHAIN ​​ANALYSIS
6. PRICE ANALYSIS
7. SUPPLY CHAIN ​​ANALYSIS
8. MARKET SIZE AND FORECAST
8.1. Global – Credit Card Market Analysis and Forecast, by Region
8.2. Global – Credit Card Market Analysis and Forecast, by Segment
8.2.1. North America credit card market, by segment
8.2.2. North America credit card market, by country
8.2.2.1. WE
8.2.2.2. Canada
8.2.3. European credit card market, by segment
8.2.4. European credit card market, by country
8.2.4.1. Germany
8.2.4.2. UK
8.2.4.3. France
8.2.4.4. Rest of Europe (ROE)
8.2.5. Asia Pacific Credit Card Market, By Segment
8.2.6. Asia-Pacific credit card market, by country
8.2.6.1. China
8.2.6.2. Japan
8.2.6.3. India
8.2.6.4. Rest of Asia-Pacific (RoAPAC)
8.2.7. Rest of the World (ROW) Credit Card Market, by Segment
8.2.8. Rest of the World (ROW) Credit Card Market, by Country
8.2.8.1. Latin America
8.2.8.2. Middle East and Africa

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Answers to key questions

  • What is the potential of the credit card market?

  • What is the impact of COVID-19 on the global credit card market?

  • What are the main strategies adopted by companies in the credit card market?

  • Which region has the highest investments in the credit card market?

  • What is the latest research and activity for the Credit Card market?

  • Who are the major players in the credit card market?

  • What is the potential of the credit card market?

Supplier evaluation

Vendor assessment includes an in-depth analysis of how vendors meet demand in the credit card market. The MDC CompetetiveScape model was used to assess the qualitative and quantitative information for this assessment. MDC’s CompetitiveScape is a structured method for identifying key players and describing their strengths, relevant characteristics and outreach strategy. MDC’s CompetitiveScape enables organizations to analyze the environmental factors that influence their business, set goals and identify new marketing strategies. MDC Research analysts conduct in-depth investigation into solutions, services, programs, marketing, organization size, geographic focus, organization type, and vendor strategies.

Technology Assessment

Technology has a huge impact on business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for companies. Technology assessment helps organizations understand their current technology situation and offers them a roadmap towards which they might want to evolve and grow their business. A well-defined process for evaluating and selecting technology solutions can help organizations reduce risk, achieve their goals, identify the problem, and fix it the right way. Technology assessment can help companies identify which technologies to invest in, meet industry standards, and compete with competitors.

Business ecosystem analysis

Advances in technology and digitalization have changed the way companies do business; the business ecosystem concept helps companies understand how to thrive in this changing environment. Business ecosystems offer organizations the opportunity to integrate technology into their day-to-day business operations and improve their research and business skills. The business ecosystem comprises a network of interconnected businesses that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships between suppliers, distributors, and end users in the delivery of a product or service.

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Regions and countries covered

North America (US, Canada), Europe (Germany, UK, France, Spain, Italy and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia- Pacific) and Rest of the World (Row).

Report cover

Credit Card Market Dynamics, Impact of Covid-19 on the Credit Card Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Analysis segmentation, sizing of the credit card market, analysis tables.

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NYPD – New York Daily News https://actsinc.org/nypd-new-york-daily-news/ Sat, 07 May 2022 23:30:00 +0000 https://actsinc.org/nypd-new-york-daily-news/

The cops say this sellout is a crime.

A woman who fled her Chinatown apartment after a fire in April got a nasty surprise the next day – a pair of thieves used her credit card to buy two blenders, according to the NYPD.

The 24-year-old victim was forced out of her apartment on Elizabeth and Canal Sts. on April 15 after a fire displaced everyone in his apartment building. Cops couldn’t tell if it was her apartment that caught fire.

The victim left his wallet behind – and on April 16, a man and a woman allegedly used his card to buy two professional Ninja blenders worth $402 at Best Buy on Gateway Drive in East New York.

Police released video of the duo at checkout. Footage showed the man dragging the two mixers out of the store.

The man has a fair complexion, brown hair, brown eyes, a full beard and a fine build. He was wearing blue jeans, a gray hoodie and beige work boots, cops said. The woman has long dark hair with a slim build and was wearing blue jeans, black sneakers and a black hoodie, police said.

Cops are asking anyone with information to call Crime Stoppers at (800) 577-TIPS.

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