Credit cards and other revolving credit Credit cards and over-lines tied to checking accounts are the two most popular forms of revolving credit agreements. In 2001 consumers charged almost $650 billion on credit cards. Most operate as franchises of MasterCard and/or Visa. 猫的资6+孝
Credit cards and other Credit cards and other revolving credit revolving credit Credit cards and over-lines tied to checking accounts are the two most popular forms of r evolving credit agreements. In 2001 consumers charged almost $650 billion on credit cards. Most operate as franchises of MasterCard and/or Visa
Net Charge-off Rate(%) Number of Bankruptcy Filings(Thousands) 460 Credit card loss rate and personal bankruptcy filings 6 Personal 350 Bankruptcy Filings 5 300 250 200 2 150 Credit Card Charge-Off Rates 100 0 50 198419851986198719881989199019911992199319941995199619971998199920002001 碰制卧委价贸易大孝
Net Charge-off Rate (%) Number of Bankruptcy Filings (Thousands) Personal Bankruptcy Filings Credit Card Charge-Off Rates 7 6 5 4 3 2 1 0 400 350 300 250 200 150 100 50 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Credit card loss rate and personal bankruptcy filings Credit card loss rate and personal bankruptcy filings
Credit cards Card issuers earn income from three sources: ■ card holders annual fees, ■ interest on outstanding loan balances, and ■ discounting the charges that merchants accept on purchases. 麓的贫香小手
Credit cards Credit cards Card issuers earn income from three sources: card holders annual fees, interest on outstanding loan balances, and discounting the charges that merchants accept on purchases
Credit card transaction process Individual Retail Outlet 4 2 Card-Issuing Clearing Local Merchant Bank 3 Network 3 Bank 2 猫f的贺6号
Credit card transaction Credit card transaction process process Individual Card-Issuing Bank Clearing Network Local Merchant Bank Retail Outlet 1 4 2 3 3 2
Debit cards,smart cards,and prepaid cards Debit cards are widely available when an individual uses the card,thein balance is immediately debited. they have lower processing costs to the bank A smart card is an extension of debit and credit cards contains a memory chip which can manipulate information 的资5土号
Debit cards, smart cards, and Debit cards, smart cards, and prepaid cards prepaid cards Debit cards are widely available when an individual uses the card, their balance is immediately debited. they have lower processing costs to the bank A smart card is an extension of debit and credit cards contains a memory chip which can manipulate information