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Credit Card Delinquencies Edge Up to 2.5% Across Top Banks
The average credit card delinquency rate ticked up from 2.48% in June to 2.50% in July, Seeking Alpha reported Tuesday (Aug. 18), based on the results of seven banks. The figure remains below the pre-pandemic average of 2.68%, according to the report. During the same period, the banks’ average net charge-off rate declined from 3.42%…
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Mastercard Offers Brazilian Acquirers 50% Payout and Services in Will Bank Dispute
Mastercard is proposing to pay half the amount demanded by Brazilian merchant acquirers that were impacted by the collapse of Will Financeira, also known as Will Bank, a FinTech tied to the failed Banco Master, Bloomberg reported Friday (Aug. 14), citing unnamed sources. In addition, Mastercard is proposing to provide the firms with services such…