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RSS FeedsAlliance Data Provides Card Services Performance Update For July 2020
(WorldNews Netherlands)

 
 

17 august 2020 15:50:57

 
Alliance Data Provides Card Services Performance Update For July 2020
(WorldNews Netherlands)
 


COLUMBUS, Ohio, Aug. 17, 2020 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, provided an update on its Card Services segment. The following tables present the Company`s net charge-offs and delinquency rate for the periods indicated. For the month ended July 31, 2020 For the seven months ended July 31, 2020 (dollars in thousands) Average receivables $ 15,396,192 $ 16,946,918 Year over year change in average receivables (11)% -% Net charge-offs $ 92,054 $ 716,871 Net charge-offs as a percentage of average receivables (1) 7.2% 7.3% (1) Compares to 5.7% and 6.2% for the month and seven months ended July...


 
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