DBRS: Credit Card Companies Reaping Rewards of Rising Online Spending
DBRS, Inc. (DBRS) published a commentary titled “DBRS: Credit Card Companies Reaping Rewards of Rising Online Spending.”The rapid growth of consumer spending through digital channels supports the ongoing secular shift in spending towards electronic forms of payments and increased credit card usage. Paying with credit cards is the most preferred means of payment for consumers when they make purchases through their desktop and mobile devices. These favorable secular trends are poised to benefit credit card issuers and payment networks in the U.S. by the means of increased spending volume and enhanced profitability.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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