Mentioned Companies:

Credit Shop Buys Mastercard Portfolio

Former executives from Chase, Household, Providian, and Barclays formed the Credit Shop two years ago to offer unsecured personal loans and lines of credit to U.S. consumers with credit scores in the 575 to 675 range. All loan originations are handled online. After introducing those products, the plan was to follow with credit card products. Credit Shop bought 6% of Barclaycard’s U.S. portfolio last month, equal to $1.60 billion in Mastercard outstandings. Most of those accounts are seasoned, active, and in good standing. TSYS will continue to provide cardholder account processing and ...

Want to read more?

Please log into your subscriber account.

Check out our subscription offers.
New subscribers receive over 130 articles in the 22 issues published each year, plus the last five years of issues (that’s over 1,200 articles) as a download link, which are fully searchable in PDF format.

© Copyright 2024 Nilson Report


May 2017
Headlines in this Issue
Charts in this Issue

Purchase Transactions on Global Cards in 2016

Investments & Acquisitions – April 2017

U.S. Merchant Card Fees 2016

Global Cards in Circulation Credit & Debit 2016

Global General Purpose Cards 2016 vs. 2015

Purchase Transactions on Global Cards 2016

Purchases by Card Type 2016 vs. 2015

Global Debit & Prepaid Cards

Global Credit Cards