Analytics

Consumer confidence dropped last week to the lowest mark in eight months, a likely consequence of Americans showing concern the the budget standoff would harm the economy.

Schnucks Markets Inc. has agreed to a proposed settlement in a lawsuit filed on behalf of customers over the data breach that occurred at some of its stores earlier this year, affecting up to 2.4 million payment cards.

Fourty-four percent of American consumers have chosen not to sign the back of their payments cards, instead writing “see ID” or leaving it blank, according to a study sponsored by Jumio and conducted online by Harris Interactive.

Issuers of store-branded credit cards are facing new regulatory scrutiny over big retroactive interest charges that can hit borrowers at the end of a promotional period.

General Payment Systems will provide kiosk-based payment and tracking technology for probation needs through CSRA Probation Services, which serves about 60 state courts in Georgia.

The alternative payment provider Dwolla has launched a credit-based instant payments capability, built on partnerships with banks and credit unions.

The coveted "Millennial" generation of consumers ages 18 to 34 is central to the success of any new payments technology – but this group also has a wide range of financial goals that make it hard to target with a one-size-fits-all product.

Although its third quarter net income dropped 7% year-over-year, Discover Financial Services remains confident in the opportunities it has invested in for the future.

WASHINGTON – In theory at least, JPMorgan Chase's tentative $13 billion settlement with federal regulators is a devastating blow for the bank, costing it roughly half of last year's profit and once again portraying the institution as the poster child for bad bank behavior.

AccessPay has signed an agreement with Swift to incorporate Swift connectivity into AccessPay's cloud-based corporate payments hub and cash management platform.

MasterCard has developed technology designed to provide greater control over corporate travel accounts.

Wonga, a London-based provider of short-term loans, has purchased BillPay, a Berlin-based online payment and financing platform.

Some of the legal woes Schnucks Markets Inc. has faced since suffering a data breach from December 2012 through March 2013 were eased this month in a St. Louis court.

Signifyd, a company co-founded by PayPal and FedEx veteran Rajesh Ramanand, is launching an e-commerce fraud platform that attempts to combine shoppers' online and offline identities to better evaluate a transaction's legitimacy.

ReD has expanded its relationship with Seattle-based WhitePages Inc. to provide its e-commerce merchant clients with more business and consumer data when vetting transactions for fraud.

American Express Co., the biggest credit-card issuer by purchases, posted a third-quarter profit that beat analysts’ estimates as customer spending climbed.

Capital One and General Motors are extending their co-branded card partnership with the introduction of a new GM MasterCard from Capital One.

MasterCard's Mobile Money Partnership Program (MMPP) has added Oberthur Technologies' MoreMagic subsidiary, a provider of financial services, security and identity management.

An analysis by Experian ranking the top metropolitan statistical areas in four key business credit categories found that the New York metro area had the lowest bankruptcy rate in the nation.

Virtual Piggy will deploy Kount's fraud management technology to provide payments security.