Beyond The Card: Innovating The Next Generation Of Credit Solutions
Agile card technologies enable issuers to deliver better customer experiences while improving profitability. This report focuses on three core features — alternative lending (installment loans), portfolio management automation, and virtual issuance — that deliver new consumers’ expectations while adding value to card portfolios.
Done in collaboration with i2c Inc.
Key data points in the report include:
- $4.8 trillion: Estimated worldwide volume of card-based online commerce sales in 2020
- 59.3 percent: Share of smartphone owners who use credit card apps as the primary means of managing their accounts
- 22 percent: Portion of U.S. households that lack access to conventional bank financing