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Credit cards and the credit crisis.(selected topic)
The term "credit crunch" has been used generically to refer to the global banking crisis and, more specifically, to the scarcity of available credit in today's business world. It implies a lack of financing and it's true that loans and credit are hard to come by at the moment, but if you looked at the way consumers and small businesses have been using their credit cards to make payments, you might not know it.
As credit has all but evaporated, consumers, small businesses and their owners have turned to their trusty credit cards to help them out of bad situations, whether that's an unfortunate medical emergency or a shortage of critical goods and services. ...
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...order works for cars, Mini figures it should work for credit cards, too. Mini Financial Services will begin marketing a Visa...or they can donate them to charity. Mini will market the credit card to owners at its dealerships and on a Web site. The company...
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- Press release article from: Business Wire February 2, 1995 700+ words
...the contract. The approval initiates credit card acceptance for numerous City departments...generate millions of dollars in annual credit card processing volume. "Now City residents...the City of Los Angeles to meet its credit card processing needs," said Bill Capps...
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Source: HighBeam Research, Credit cards and the credit crisis.(selected topic)