Cards/Payments
Discover to Repay U.S., Posts 1Q Loss
American Banker | Mar 17Discover Financial Services said Tuesday that it plans to pay back $1.2 billion in federal bailout funds, even as it reported a loss for the fiscal first quarter, which ended Feb. 28.
Discover Learns to Offset Contraction in Card Line
American Banker | Mar 19With consumer demand weak for credit cards and fewer competitors in the private student loan market, Discover is making a bid to become a big lender on campuses.
Collection, Credit Issues Spur Lawsuits
Collectionscreditrisk.com | Mar 19Lawsuits filed in federal courts involving collection and credit issues surged in the fiscal year ended Sept. 30 as more Americans struggled with foreclosures and consumer debt.
Chargeoffs Drain Receivables, Underpinning Card Contraction
American Banker | Mar 15Revolving consumer debt, mostly comprising credit card loans, fell $110 billion, or 12.7%, from an all-time peak in September 2008, to $866 billion in December 2009, according to ...
PayPal Gets Key Partner in China
Bloomberg News | Mar 18PayPal Inc. has agreed to offer accounts to customers of China UnionPay in a bid to expand in a market dominated by a Chinese rival, Alipay.
First Data Eyes Mobile-Pay Test
PaymentsSource | Mar 18First Data Corp. is working with the mobile technology vendor Tyfone Inc. to develop a payments component that fits on a card consumers can install in their phones' memory ...
More Cards/Payments News
- A Less-Noticed Challenge in the CARD Act
- The CARD Act – Move Ahead of the Curve
- 9+ million records Prove Power of FICO® 8 Score for Bankcards (bankcard Validation)
- Moves Up Credit Spectrum Mean Big Shift for B of A
- Advanta in Dispute with Its Bank Unit
- Amex CEO's Pay Totaled $17.4M in '09
- T.G.I. Friday's to Use Tokens to Guard Data
- Deal Diversifies a Defaulted-Debt Buyer
- Visa Plans Online Shopping Service
- Prepaid Marketer Eyes U.S. Market
- Australian Officials in Wait, See Mode
- U.K. Contemplates U.S.-Style Overhaul
