Adopting a series of smart strategies, such as limiting initial credit lines and offering secured products to help consumers build credit, can ensure your financial institution’s portfolio remains competitive.

In light of recent updates to CFPB guidelines, community financial institutions would do well to run an analysis of their credit card fee strategies. 

Community financial institutions have an opportunity to reach consumers with two of their bench strengths – personalized service and putting consumers first.

Get expert insights on boosting credit card portfolio performance at all five stages of the cardholder journey.

Increased consumer spending (and borrowing) could help boost interest in financial institutions’ credit card programs.

The digital age we live in continues to move swiftly toward an even greater “digitization of things.” Community financial institutions should consider ways to digitize their card offerings in ways that both reward and incentivize cardholders to keep that card top of wallet.

As mobile shopping gains ground and consumer confidence climbs once again, it is an important time for financial institutions to evaluate their current credit card portfolios. 

Criminals are adapting their thieving strategies in order to get the most “bang for their buck.” This requires FIs’ continued vigilance when it comes to monitoring accounts and educating consumers on fraud mitigation best practices.

Although challenges remain for many FIs as they work to grow their credit card programs, there are a number of strategies cards teams can employ to streamline their data gathering and analyzing efforts.

Dual interface card transactions declined due to CVV mismatches are not a result of the issuers’ or processors’ actions.

As consumer spending and credit card debt reach record highs, now is a perfect time for FIs to evaluate their credit card portfolios.

Consumer groups underserved by the financial services industry present many opportunities for organizations willing to pursue these markets.

The variety of payment options available to today’s consumers creates a terrific opportunity for both FIs and consumers.

One of the first key steps in preparing for the ATM EMV switchover this October is educating consumers on how to use their EMV chip cards at ATMs.

Meeting MasterCard’s EMV ATM liability shift of October 1 starts with getting the right hardware and software in place.

While conventional means of gauging a loan applicant’s risk continue to be important measurement tools, FIs should also take some or all of the above listed indicators of financial health into account.

Patience is key as the U.S. continues to roll out EMV technology.