90% of world's information was produced in the last how many years?
2 years.
What does RPA stand for?
Robotic Process Automation
Declining profit margins and a surge in the volume of transactions have forced credit card companies to find new ways of reducing their operating costs, thus more companies are looking to disruptive technologies like RPA.
What is a charge card?
A type of credit card that must be paid off in full every month.
Name the first company in the United States to feature contactless credit cards?
Chase x Visa
Approximately what percentage of consumers, in the United States, have at least one credit card?
75%
Name the technology protocol that allows diverse software components to communicate - if implemented in banks it would allow them to package their business assets and data, making them accessible both inside and outside an organization.
Application Programming Interface (API)
__ % of business will have chat-bots for Customer Service by 2020?
80%
What are the major credit card networks in the United States? What is their market shared?
Visa, Mastercard, American Express and Discover
The top four issuers provide more than 57 percent of all the cards issued by 5,231 banks (2018).
What is the CARD Act (United States)?
The U.S. Congress passed the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 in May 2009, and President Barack Obama signed the bill. It is commonly known as the CARD Act. The act was designed to protect consumers from unfair practices on the part of credit card issuers.