The Smart Payment Association has announced results of its 2007 global payment cards market survey finding that more than 420 million payment smart cards were delivered by SPA members, a 24% growth year over year (2007 vs. 2006), both dual interface and pure contactless grew 64% year over year, with the fastest growing region being the Americas with a 45% growth year over year.   » Continue Reading

TransUnion.com has announced the results of its analysis of trends in the credit card lending industry for the first quarter of 2008 finding that, for the first time since the beginning of 2007, average credit card debt and national credit card loan delinquency (the ratio of borrowers 90 or more days past due) experienced statistically relevant sequential quarterly declines.   » Continue Reading

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