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nytimes.com - 5/14/2009

What Does Your Credit-Card Company Know About You?

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What Does Your Credit-Card Company Know About You?

Blog Reactions

Abnormal Returns:  Thursday links: revenue problems

Economist's View:  links for 2009-05-16

Rolfe Winkler:  NYT Sunday Mag on Debt

The Big Picture:  Friday Afternoon Linkage

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nytimes.com - 5/19/2009

Credit Card Industry Aims to Profit From Sterling Payers

— nytimes.com — Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed punitive fees and penalties on those late with their payments, the best customers racked up cash-back rewards, ... (more) Credit Card Industry Aims to Profit From Sterling Payers

Retail Industry

Comments vote downundo vote up Calculated Risk found this 5/19/2009found this

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cnbc.com - 5/15/2009

Credit Card Defaults Reach Record Highs in April - Financials * US * News * Story

— cnbc.com — U.S. credit card defaults rose in April to record highs, with Citigroup and Wells Fargo posting double digit loss rates, as the recession slashed more than 2 million jobs since the beginning of the year. "U.S. card credit quality continues to ... (more) Credit Card Defaults Reach Record Highs in April - ...

Stocks

Wells Fargo

American Express

Citigroup

Comments vote downundo vote up Calculated Risk found this 5/15/2009found this

2

news.bbc.co.uk - 5/13/2009

BBC NEWS | Technology | Credit card code to combat fraud

— news.bbc.co.uk — A credit card with a built-in display is being tested by Visa with the aim of reducing online fraud. The Emue Card generates and displays a unique code each time it is used. Developers say that the new technology would make it very hard for ... (more) BBC NEWS | Technology | Credit card code to combat fraud

Comments vote downundo vote up Stockerblog - The Stock Market Blog found this 5/13/2009found this

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Thursday links: revenue problems
Abnormal Returns — ... “..credit-card companies are becoming much more interested in understanding their customers’ lives and psyches, because, the theory goes, knowing what makes cardholders tick will help firms determine who is a good bet…”  (NYTimes.com) ...

links for 2009-05-16
Economist's View — ... An overlooked anti-poverty strategy: giving money to poor people - Stephen Gordon What Does Your Credit-Card Company Know About You? - NYTimes.com ...

NYT Sunday Mag on Debt
Rolfe Winkler — NYT’s Sunday Magazine is all about debt this week.  Here are links to key articles: Suze Orman is Having a Moment What Does Your Credit Card Company Know About You? My Personal Credit Crisis (This was Friday’s “must-read”….re-linking in case you missed it.) The China Puzzle There are other, shorter articles on the Sunday Magazine page.

Friday Afternoon Linkage
The Big Picture — ... Woe (WSJ) • Artificial Stimulus (Dan Gross, Slate) • ECRI on The Great Recession (2008-2010) (Canada Housing Crash) • Lost ‘Animal Spirits’ May Worsen Economy, Roubini, Shiller Say(Bloomberg) • Two Authorities on Fed Advise Congress Against Expanding Its Power (NYT) • No One Saw This Coming”: Understanding Financial Crisis Through Accounting Models (Dirk J Bezemer, Groningen University) • What Does Your Credit-Card Company Know About You? (NYT Magazine) Anything else worth ...