Boston, MA (PRWEB) July 22, 2014
The U.S. economic environment has turned 180 degrees since the recession ended. In 2009, credit card issuers were awash with delinquent accounts and struggling to scale their collections operations to meet an exploding need. Today, the delinquency rates on credit card balances are at an all-time low and continue to trend lower. The regulatory environment has also changed considerably since the financial crisis. And recent guidance from multiple regulatory agencies regarding how financial institutions should manage vendor risk is also influencing creditors’ collection strategies.
“The context for credit card collections has changed considerably over the last five years, but it isn’t necessarily any closer to normal,” comments Michael Misasi, Senior Analyst, Credit Advisory Service at Mercator Advisory Group and the author of the Note. “The industry pendulum has swung from one extreme to the other. The only comparison we might make is that creditors and the technology providers that serve them are still waiting for a sustainable environment.”
Highlights of the report include:
This report contains 15 pages and 3 figures.
Companies mentioned in this report include: ACI, CMC, CGI, FICO, SAS
Members of Mercator Advisory Group’s Credit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
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Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.