Analytics

With more business owners and information technology personnel accessing payments networks with smartphones and other mobile devices, Trustwave figured it was time to put up more walls of defense to keep out hackers.

A Northern Michigan gas-station owner wanted to give his cash-paying customers the freedom to fill their cars’ tanks first, then pay. But when dishonest drivers skipping the payment process became a problem, he decided to take a different approach.

What’s good for the goose is good for the gander when it comes to credit card portfolio sales these days.

Eastern Europe gets a bad rap when it comes to payment card data security, but the region does not experience considerably more hacking-attack incidents than do other parts of the world. But it is a main source of such incidents, an industry analyst contends.

Eastern Europe gets a bad rap when it comes to payment card data security, but the region does not experience considerably more hacking-attack incidents than do other parts of the world. But it is a main source of such incidents, an industry analyst contends.

New credit card account originations will increase in 2012, but both issuers and cardholders will be cautious, according to a forecast Moody’s Investors Service released Dec. 16.

With no governing body regulating the payments industry in the United States, card data security for online service merchants can be an iffy proposition.

Fewer U.S. homes entered the foreclosure process in November, reflecting a seasonal slowdown in overall activity by lenders and mortgage servicers.

On its face, the Federal Deposit Insurance Corp.'s new Office of Corporate Risk Management sounds like a unit dedicated to ensuring banks have a proper risk management system in place.

Corporate cash hoards hit yet another high in the third quarter, but the image of firms as skinflints is misleading. Corporations have been borrowing, and borrowing from banks, as they have been restocking inventories.

Next year could be a “transition” year in which consumer deleveraging slows significantly and borrowing improves, spurring credit card market growth.

The Federal Trade Commission is mailing approximately 75,000 refund checks to individuals who were deceived by an online marketing operation that sold work-at-home opportunities.

U.S. consumer borrowing rose in October to the highest mark in two years, led by gains in non-revolving debt such as auto and student loans.

Getting businesses to adopt electronic payments has been frustrating for banks, which still face high use of paper checks and exceptions.

The trend of U.S. credit cardholders putting credit card payments ahead of mortgage payments that began in early 2008 shows no sign of abating in the immediate future even as the economy gradually improves, a team of TransUnion LLC analysts contends.

A new task force formed by several government agencies, including the Consumer Financial Protection Bureau (CFPB), will work to combat scams aimed at homeowners seeking to apply for the Home Affordable Modification Program (HAMP).

More banks and credit unions are considering getting back into credit card issuing after selling their portfolios over the past four to seven years, but their reasons for doing so vary, notes Tim Kolk, owner of TRK Advisors, a Peterborough, N.H.-based provider of portfolio-consulting services.

The average U.S. consumer credit card charge-off rate declined again in October as more consumers met their monthly payment-due dates and the delinquency rate on late payments held steady, according to the latest data from Moody’s Investors Service.

Consumer use of credit cards online is making a comeback, new research suggests.

Consumer credit card originations rose 32% during the first eight months of this year, though the amount of total new credit issued still lags behind pre-recession levels by a full 45%, recently released data show.