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Bank of America Corp. preserved the mold–and addressed its longer-term future–by tapping Brian Moynihan late Wednesday to succeed Ken Lewis as chief executive.
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JPMorgan Chase & Co. has become the second major credit card issuer to abandon mandatory arbitration, dealing another blow to the once-common industry practice.
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Despite a revenue boost it attributed largely to its joint venture with Bank of America Corp., First Data Corp. reported a $288.9 million loss for the third quarter, 76% wider than the year-earlier loss.
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The card industry appears to be ever-so-slowly emerging from its harshest credit cycle.
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SOUTH PLAINFIELD, NJ (October 13, 2009) - CHARGE Anywhere® LLC, a leading provider of secure payment gateway and mobile payment solutions, and a Forum Nokia® member has enabled NFC (Near Field Communications) for credit and debit card processing on its PA DSS validated mobile payment software, CHARGE Anywhere v 2.0.0. Merchants with CHARGE Anywhere software can now accept payment from a NFC card with their mobile phones by simply tapping their customer's NFC enabled card against their Nokia phone!
By BancorpSouth Bank , BancorpSouth Inc. , Bank Fund Staff Federal Credit Union , Bank of America Corp. , Barclays Bank Delaware , Barclays Group , Baxter Credit Union , Bellco Credit Union , Capital Communications Federal Credit Union , Capital One Bank , Capital One Financial Corp. , Cardtronics Inc. , Chartway Federal Credit Union , Chase Paymentech Solutions , CheckFree Corp. , Cirrus/Maestro/MasterCard , Citadel Federal Credit Union , Citibank (Banamex USA) , Citigroup Inc. , Citizens Equity First Credit Union , RBS Citizens Financial Group Inc , Clearview Federal Credit Union , Coastal Federal Credit Union , Commerce Bancorp Inc. , Commerce Bancshares Inc. , Community America Credit Union , Community First Credit Union of Florida , CO-OP Financial Services , CR Software Inc. , CU Bank Shares Inc. , Comerica Inc. , Comm Bancorp Inc. , Chordiant and CollisOctober 13 -
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Chicago (September 23, 2009)--Small business owners may be next to see a rise in credit card direct marketing as the card industry shows yet another sign of recovery. Mintel Comperemedia, a service that provides direct marketing competitive intelligence, reports the number of credit card offers received by its small business panel* is no longer in decline.
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