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CardWeb.com Stock Index
** VISA,
** MasterCard,
** American Express
** Discover
A monthly barometer of consumer spending intentions shows a slight up-tick for April. However, consumer's economic and personal finance outlook remains grim. The latest "Discover U.S. Spending Monitor" posted an 85.4 reading compared to 85.1 in March.
Keela Wofford is Vice President of Financial Services at COMDATA. She holds a BS in Marketing from the Western Kentucky University.....
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Network
American Express
Issuer:
Advanta
Monthly payment rates, the amount that cardholders pay on their credit card debt, abruptly headed south in March. After hovering between 19% for most of the past twelve months and peaking in February, the MPR dropped 185 basis points in March, compared to the prior month.
A monthly survey has found a surprising reversal in consumer confidence in May after six consecutive months of erosion. While consumers are beginning to look beyond the current economic downturn
they still worried about job security.
Electronic payment systems software provider ACI Worldwide reported revenue of $92.6 million in the quarter, a 3% over the prior-year period. Net loss for the quarter was $3.5 million, compared to net loss of $0.4 million during the same period last year.
