Another headache for retailers, US credit card delinquencies on the rise 

Another headache for retailers, US credit card delinquencies on the rise 

We’ve talked a quite a bit about rising consumer debt levels despite stagnant wage growth over the last several months. Now we’re starting to see the fallout when consumers rack up too much debt and they can’t make their monthly payments – rising delinquency rates. In our view, this makes an already challenging situation for […]

read more »
Uh-oh! Subprime credit card growth leading to more missed payments

Uh-oh! Subprime credit card growth leading to more missed payments

We’ve seen this before, and it tends not to end well. This time around it happening not so much in housing, but in auto loans and credit cards… and just like last time, it’s not likely to end well. What it does mean is there will be more Cash-Strapped Consumer that aren’t able to tap […]

read more »
Mastercard Data Show Chip Cards Are Worth the Wait When it Comes to Card Fraud

Mastercard Data Show Chip Cards Are Worth the Wait When it Comes to Card Fraud

  While we may not be enthused with the longer check out times associated with the move to chip cards, data from MasterCard shows a few more minutes is making all the difference when it comes to credit card fraud. Credit card fraud is down by more than 60% at Mastercard’s top five EMV-enabled merchants […]

read more »
Findings from Gallup confirm our Cashless Consumption investing theme remains on track

Findings from Gallup confirm our Cashless Consumption investing theme remains on track

Findings from a new Gallup poll confirm the continued shift in consumer payment preferences that sit at the core of our Cashless Consumption investing theme, particularly among younger respondents. No surprise as the “younger” generation tends to adapt far more readily to new technologies like those fueling mobile payments.  Gallup’s poll found that fewer Americans […]

read more »
China opens its markets to foreign bank card companies 

China opens its markets to foreign bank card companies 

Poised to be the largest population by 2020, Cashless Consumption is poised to get a big boost as global payment processing firms tap the China market. Analyzing how this impacts consumption and debt levels will factor into our Rise & Fall of the Middle class thinking. China will allow foreign payment card companies to operate […]

read more »