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Amex, Capital One divided over charge-offs

Another quarter, another dire set of results for US issuers as profits are wiped out by credit losses, government repayments and one-off charges However, American Express and Capital One are taking op…

PwC warns of more gloom in credit sector

In its latest annual analysis of the UK credit card market, global consultancy PricewaterhouseCoopers warns that despite tightening lending criteria and collections activity, card issuers are in for a…

Region round-up

China UnionPay announced that merchants in 26 countries and regions were able to use CUP as their payment system by end-2007. Japanese issuer Sumitomo Mitsui Card and supermarket operator Aeon will co…

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