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Are Portfolio Acquisitions or Conversions in the Cards for You?

Credit card portfolio acquisitions or conversions can create opportunities for financial institutions to increase profitability and rethink their business and technology operating models. However, they can also be disruptive to customers and put stress on employees. Acquiring or converting credit card portfolios is an infrequent event for most financial institutions that can result in the use of immature, ad hoc processes that increase program risks and costs. Adopting practices that have been used in previous credit card portfolio conversion projects to manage risk and quality while meeting schedules and budgets can increase the likelihood of success.