Payments News from Glenbrook Partners
Glenbrook   Book   Education   Jobs   Views   Archives   Store   Advertise   About         SUBSCRIBE:

« May 14, 2009 | Main | May 17, 2009 »

May 15, 2009

Suze Orman Hits the Big Time!

In an article titled "Suze Orman Is Having a Moment", Susan Dominus writes for Sunday's New York Times Magazine about the recent surge in interest in Orman's advice for consumers about credit card debt, etc. - and, in particular, consumer interest in her “Can I Afford It?” segment on CNBC.

Dominus notes: "Orman has strong opinions in general."

Suggestions for Dealing With Credit Card Debt

In an article titled "Weighing the Options with Credit Card Debt", Tara Siegel Bernard writes for Saturday's New York Times about the options available to consumers to deal with credit card debt.

The list of options she recommends isn't long:

  1. Call your card issuer - and do it yourself. Issuers have alternative repayment plans available - but they may also reduce current credit limits to the amount of debt currently outstanding.
  2. Find and work with a credit card debt counselor. A legitimate counselor should be able to negotiate a credit card debt management plan with the credit card issuer. Focus on finding a legitimate one.
  3. Work with a debt settlement company - but be very, very careful.
  4. Bankruptcy.

That's it. Have other suggestions - add your comments!

UK Card Payment Statistics from APACS for 1Q 2009

APACS has published its latest quarterly statistical release - reporting that in the first quarter were 1.9 billion plastic card purchases made in the UK totalling £94.2 billion compared to 1.8 billion purchases totalling £91.2 billion in the first quarter of 2008. The number of purchases was 4.0% higher than in 2008 Q1, and spending was 1.7% higher. Debit card usage continued to outpace credit cards - with debit cards accounting for 74.5% of all plastic card purchases in 2009 Q1 compared with 73.3% in 2008 Q1.

Quarterly US Retail eCommerce Sales for 1Q09

The Census Bureau of the Department of Commerce has announced that its estimate of U.S. retail e-commerce sales for the first quarter of 2009, adjusted for seasonal variation, but not for price changes, was $31.7 billion, an increase of 0.7 percent (±1.1%)* from the fourth quarter of 2008.

The first quarter 2009 e commerce estimate decreased 5.4 percent (±2.5%) from the first quarter of 2008 while total retail sales decreased 10.2 percent (±0.4%) in the same period. E-commerce sales in the first quarter of 2009 accounted for 3.5 percent of total sales.

Total retail sales for the first quarter of 2009 were estimated at $909.6 billion, a decrease of 1.8 percent (±0.4%) from the fourth quarter of 2008.

Payments News Now Available via Kindle Subscription

pn-kindleedition.jpgIf you're a Kindle owner, you can now subscribe to Payments News and have it automatically delivered to your Kindle.

The subscription fee for Payments News to be wirelessly delivered to a Kindle is $1.99/month.

Of course, you can also subscribe to our daily email delivery of Payments News and to our RSS feed as well!

First Data Corp. Reports First Quarter 2009 Financial Results

First Data Corp. has reported financial results for the first quarter 2009. Revenues were $2.1 billion, down 2% year over year. Adjusted earnings before interest, taxes, depreciation and amortization were $491 million, down 15%.

FDC's operating profit for the quarter was $30.4 million, down 85% year over year. After paying interest expense on its debt of $448 million, the company reported a net loss of $231 million for the quarter.

"Our revenue base held steady in the quarter as we added new merchant and bank customers," said Michael Capellas, chairman and CEO of First Data. "We will continue to invest in new product development to fuel long-term growth while driving cost efficiencies to sustain profitability."

A webcast and presentation are available online. In its presentation, First Data noted that the volume of merchant transactions it handled in the first quarter fell 14% compared to 1Q2008.

Sen. Chris Dodd Says Senate Will Vote Tuesday on His Credit Card Bill

Last night on Twitter, Senator Chris Dodd tweeted:

We are on the verge of a historic victory for American families that have suffered for far too long at the hands of credit card companies. The Senate will vote on my credit card bill on Tuesday, and I am committed to working to ensure that it passes with overwhelming support. It's time to put an end to the abusive credit card practices that drive millions of American families further into debt."

Sponsors

News View

Payments Consultants

Subscribe

Search

Languages



Glenbrook Partners

PAYMENTS NEWS IS PRODUCED BY AND IS A SERVICE MARK OF GLENBROOK PARTNERS, LLC
ISSN 1556-4487

Glenbrook's Consulting Services

  • Innovation and Strategy
  • Payments Product Development
  • Payments Market Assessments
  • Payments Vendor Selection
  • Merchant Payments Optimization
  • Payments Risk Management
  •  
  • To discuss how Glenbrook can
    help you
    , email us:

Glenbrook's Payments Education

  • Payments Boot Camps
  • Payments Essentials Webinars
  • Private Payments Workshops
  •  
  •  
  •  
  •  
  • For more information on Glenbrook's payments education, email us:

Tools for Payments Professionals

  • Glenbrook Writings
  • Payments News
  • Payments Views
  • Payments Jobs
  • Payments Education
  • Payments Bookstore
  •  
  • To send us news that you'd like us to cover on Payments News, email us:

Contacts:                        
Compilation Copyright © 2002 - 2012 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use        Privacy Policy        RSS Feed        Payments News RSS Feed

Subscribe to Payments News   

Follow Payments News on Twitter for Real-Time Updates