There has been no greater boon to retailers looking to expand their reach to consumers than e-commerce. The Internet has helped sellers find new buyers and enlarge their presence to more geographically remote areas within their home markets. According to Euromonitor, cross border e-commerce volume represents more than $300 billion globally and is growing twice as fast
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The Fed’s ruling on signature debit Interchange levels, while alleviating—if not obviating—Aite Group analyst Julie McNelley’s concerns that 12 cents just wouldn’t be enough to pay for risk management, does beg the bigger question. Because security is still a top-of-mind issue in U.S. and global card circles, and what to do about it is by
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In today’s day and age when FOMO (Fear of Missing Out) is the new coined term for “the anxiety, and feelings of inadequacy that can flare up while skimming social media sites” the question arises: are banks the ones missing out on a new world of deeper relationship with customers? The value youth put on
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While the eyes of the world are fixed on regulatory, government and banking responses to turmoil in the Eurozone, seismic events across the world in China could do more to shape the global economy long term. Rarely is a comment made on the global economy without referencing the global imbalance, in terms of trade and
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Here are two news items that, taken together, indicate pretty clearly—as far as seemingly contradictory data can—the challenges facing the U.S. credit card business as it seeks to recover and rebuild. First, as everybody knows, the U.S. unemployment rate inched up to 9.2 percent in June; and, as everybody in the card business knows, Federal
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