News : Cardbeat

New York, NY, Aug. 7, 2012: For much of the past half-century, the credit card industry as we know it was fueled primarily by the enormous Baby Boomer generation. Indeed, payment card product designs have mainly been focused on what Baby Boomers wanted and needed. However, according to recent time-series data analysis of credit card usage and behavior patterns published in Cardbeat®, the Baby Boomer generation has...

NEW YORK, NY, May 21, 2012: Credit card companies are always interested in ways of increasing card usage. One potential way to do that is by encouraging the use of personal cards to make business-related purchases. Encouraging consumers to make business purchases with their cards is a win-win for banks; not only are spending volumes higher, but the risk in such purchases going unpaid is relatively low since...

NEW YORK, NY:  Rewards credit cards are as popular today as they've ever been according to recent research from Cardbeat®, a syndicated research report published by the Auriemma Consulting Group, Inc. (ACG).  While a number of banks today are actively marketing their own, bank-sponsored rewards programs over the brands of co-brand and affinity partners, the concept of credit card rewards programs has actually...

July 6, 2011 (New York, NY)-- After bottoming out in 2009, the rates of new card acquisition have settled into the low end of normal. In a recent survey by Cardbeat®,a syndicated monthly publication of Auriemma Consulting Group (ACG), 15% of respondents had opened a new credit card account within the last 12 months, up from a low of 11% in 4th quarter 2009 but well below the 20% rate seen in 2007. “Banks are mailing...