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DBS Bank plans credit card rollout in 3 years (Business Standard India)
Singapore-based DBS Bank, which has decided to beef up its Indian operations by adding eight new branches to the existing two across India in the next one month, may launch credit cards in the next two to three years.
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Tatas Plan To Revive Credit Card Biz (Nasdaq)
(RTTNews) - The Tata group is thinking of reviving its credit card business. In this connection, Tata Sons is in the process of handing over the card business to its subsidiary, Tata Capital that is spearheading the group's financial services venture, media reported.
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Credit Crisis Puts a Dent in Card Offers (New York Times)
Credit card issuers are scaling back on their direct-mail offers. The decline is expected to continue through the end of the year, as the credit crisis reverberates.
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Qatar's largest bank deploys PRIME Perso for EMV Solution (AME Info)
Following successful certification for Visa Smart Debit Credit (VSDC) issuing, Qatar's largest Islamic Bank, Qatar Islamic Bank (QIB), has announced the rollout of its first EMV Visa Electron debit card with the assistance of TSYS' PRIME suite of solutions.
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TCM Bank Chooses Cypress for Consumer Credit Card Application Process Automation Cypress software platform automates ... (Finance Technology Network)
TCM Bank, a subsidiary of the Independent Community Bankers of America (ICBA) and ICBA Bancard, will automate its consumer credit card application process with Mark IV consumer loan automation software from North Richland Hills, Texas-based Cypress Software Systems.
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When the Bank Closes Your Credit Account (Washington Post)
Q I received a notice from Capital One that it is closing my credit card account because of inactivity. If the company closes the account, will it hurt my credit score?
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Banks reap credit card cash (The Courier Mail)
THE big banks are earning nearly $225,000 a day by refusing to deliver the Reserve Bank's interest rate cut to thousands of credit card customers.
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Credit card defaults may rise: Swaroop (Express India)
Standard Chartered Bank's India CEO Neeraj Swaroop said that the banking sector is currently facing higher delinquencies in its credit card business segment.
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More consumers getting trapped in credit card debt (Rochester Democrat and Chronicle)
Unsecured debt drives a growing number of overextended consumers into bankruptcy or credit counseling.
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It's a hard time to get new credit (San Francisco Chronicle)
Credit - the grease that lubricates the economy - is in short supply now and apparently getting even shorter. For ordinary Americans, it's gotten to the point where even people with money in the bank, steady paychecks, good credit ratings and long histories...
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