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An enterprise (credit card issuer) may acquire credit card accounts by paying an amount to a third party. The credit card accounts are acquired individually ("one-at-a-time") by paying an amount for each approved credit card agreement. The third party may be (1) a direct marketing specialist, (2) an affinity group (a professional, cultural, or other organization), or (3) a cobrander (an airline company, automobile manufacturing company, hotel company, or other commercial or retailing company). Under a co-branding arrangement, the third party's name is included on the credit card, and the third party has a continuing obligation to provide goods or services, such as product discounts, to cardholders for an extended period that directly or indirectly benefits the credit card issuer. The credit card accounts typically have no outstanding receivable balances at the time acquired. The Task Force previously addressed the acquisition of a credit card portfolio in Issue No. 88-20, "Difference between Initial Investment and Principa

Year: 1992
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