Monthly report on UK credit card trends shows financial prudence with spending down and percentage of payments to balance up – but will lockdown stashes save the day or fade away?

August saw a two-year low in consumers paying less than the amount due on cards, although signs of financial pressure can be seen

Data accessibility and collaboration are critical as banks seek technology convergence to fight fraud and financial crime

Our UK Credit Market Report of UK card trends for July 2021 reveals that there was an uplift in missed payment rates, whilst spend on cards marginally fell

Venmo and PayPal’s in-store arrivals underscore the need for a holistic approach for fraud protection for P2P payments and more

Credit card trends for payments and delinquencies show similar patterns in the US, the UK and Canada, though extra savings and government support are masking the pandemic's impact

Looking at trends for activity, utilization, spend, balances, usage, interest reveals new focus areas for issuers

Credit card spend 3.5% higher than June 2019, suggesting some households are benefitting from pandemic savings, but not everyone is confident in financial position

The NACHA WEB Debit rule increases fraud detection but more is needed to protect consumers

Markedly lower increase in card spend shows how consumers are reacting to the 'new normal'

The new FICO community will give you more detailed practical information to help your organization fight fraud & financial crime, and hear from fraud experts

End of lockdown spurs spending, but continued government support and accrued savings blur the true picture of UK debt

FICO data shows true state of consumer finances still masked in March; April will be pivotal for lenders

Digio increases customer contact rate to 72% above market average with FICO Customer Communication Services for Fraud

The increase in the amounts being requested and the fact that a higher proportion are being declined could help identify a sub population that is now riskier