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Credit Card Companies Share Data to Identify Customers in Financial Danger
lovemorgul
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2
11-27-2008 6:44 AM
188 views
tags:
danger
,
cards
,
economy
,
credit
,
finance
,
money
,
banks
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4823de2c-d695-4e1f-bc9e-bff26f2cc694/0D001216-CE11-4012-84C6-4E969872DA9D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.money.co.uk/article/1002074-credit-card-industry-launches-data-sharing-initiative.htm" href="http://www.money.co.uk/article/1002074-credit-card-industry-launches-data-sharing-initiative.htm" style="font-size: 11px;">www.money.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002074-credit-card-industry-launches-data-sharing-initiative.htm"><B>A data-sharing initiative aimed at identifying customers who are in danger of getting into financial difficulties has been launched by the credit card industry.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002074-credit-card-industry-launches-data-sharing-initiative.htm"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.money.co.uk/img/3F7F5CFA-A466-4623-800D-F5207CF9F840" alt="Credit Card Industry Launches Data-Sharing Initiative" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002074-credit-card-industry-launches-data-sharing-initiative.htm"><P>The credit card industry has launched a data-sharing initiative which is intended to identify customers who have put themselves in danger of financial difficulty.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002074-credit-card-industry-launches-data-sharing-initiative.htm"><P>According to UK payments association Apacs, which announced the deal on behalf of the industry, the move will help foster a culture of responsible lending. This will help credit card providers adhere to the new Banking Code, which was introduced in March this year.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.money.co.uk/article/1002074-credit-card-industry-launches-data-sharing-initiative.htm"><P>The industry already shares information about its customers, including their balance, limit and whether payments are on course. However, additional data will now be shared, including the size of their last payment and if this was equal to their minimum payment, any changes to limits, and whether they are on promotional offers.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0D001216-CE11-4012-84C6-4E969872DA9D/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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