Cards aren’t what they used to be with
Regulated interchange, many cash back deals, and merchant negotiated interchange. The consumer and small business markets still see value in unsecured lending side with interest but the rates are cheap compared to the past and losses still mount. Large market commercial is a losing proposition now due to rebates being too high and a sliding interchange rev stream. The large market for banks is tying the card to other relationships like liquidity.... now check out this little company called Global Payments....
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In response to this post by MrBayAreaHokie)
Posted: 03/08/2021 at 07:14AM