Private Label Credit Card Issuers
Retail credit solutions is your solution for private label credit card plcc programs. Both credit issuers and third processors can benefit from corecards highly configurable advanced and feature rich private label credit management solution.
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A small number of banks dominate us private label card issuance with the top five accounting for 79 of balances as of early last year.
Private label credit card issuers. Issuers of private label credit cards collect 16 to 18 in interest and fees on every 100 loaned out compared to the 14 to 15 per 100 loaned on general purpose cards. The company is well positioned to benefit from the continued expansion of consumer credit during what will be a prolonged period of benign credit after the 2008 financial crisis. For that reason alone it makes fundamental sense for every retailer to carry a program if feasible.
10th edition report has been added to research and markets offering. Credit solutions unique combination of experience and size offers you the expertise from that of the large retail credit card issuers and the responsiveness and accessibility of a home grown solution. Synchrony financial is the largest pure play private label credit card issuer in the us.
Private label credit card is the least expensive method of payment stores can accept. The private label credit cards in the us. As moodys points out today one such space that will be hit particularly hard is the private label credit card issuers with just 5 companies accounting for nearly 80 of all credit balances outstanding.
The private label credit card purchase value to grow at an average annual rate. The leading credit processing solution.
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