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Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

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Credit cards likely to remain mode of payment online

Wednesday, December 15, 2010

Credit cards are most likely to remain the preferred choice for online payments at least in the next five years; however, they will lose their place to debit cards, other modes of payment, as well as prepaid and gift cards. This projection is made by Javelin Strategy & Research. As per their forecast for the year 2011, alternative modes of payment will actually double in volume in the next five years.

Most credit card majors have lost out on online market share for quite a while now but will still remain the preferred payment choice of 2015. In spite of the issuer cutbacks that are induced by recession as well as the voluntary reduction in usage by the customers the online purchases made using the major credit cards will increase (at CAGR of 10.4%). At this rate, the volumes of credit card usage will go up from $99.9 billion to $163.6 billion in the next five years. However, the credit card major`s share on purchases online will be on the decline from 44% last year to 40% now to 37% in 2015, as per Javelin`s predictions.

Debit cards are more likely to fall in second at 28%. Since younger customers have grown up with computers, they prefer debit cards instead of credit cards partly because they can keep track of expenses as well as their spending with the debit cards as it is a more natural method of payment. They can also do the other banking functions online.

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[December 05, 2011]

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[October 12, 2011]

All data shows that the woman entrepreneur is on the rise.This could be because women tend to work well in groups and are great multi-taskers and communicators. In addition to that, women are also making riskier decisions when it comes to financing their businesses, according to a recent survey by PNC Financial Services. These decisions may have an impact on the longevity of these female-run businesses.

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[September 07, 2011]

With the economic upheaval, obtaining a credit card seems a distant dream, especially if you fail to qualify for any credit card application. Nonetheless, turning into an authorized user, i.e. attaching yourself with a good-quality credit customer`s account and the consent to use it, would boost your credit scores swiftly, and jump start your credit history.

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