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The credit crunch: A potential opportunity for card issuers
Today's liquidity crunch is a far-reaching conundrum causing the global credit markets to react in an irrational and volatile way. All granters of credit are under immense pressure, as the market continues to point its gnarled finger at the mortgage industry as the chief culprit for the market's disarray.
Unfortunately for credit card issuers, the credit crisis has found its way into their reserves, as delinquencies of card holders continues to rise. Such challenges, along with inefficient processes, exorbitant cost structures and overutilization of credit data, leaves the issuer with insurmountable challenges, and at the same time, an immense opportunity.
