Kate Fitzgerald is an Arizona-based senior editor for American Banker and longtime payments reporter. Fitzgerald began her journalism career at the San Diego Tribune, and has worked as a reporter and editor at several other publications, including Advertising Age and the Arizona Republic. She is a graduate of Lewis & Clark College and holds a master’s degree from Northwestern University’s Medill School of Journalism.
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The online music station Pandora is all about variety, but JPMorgan Chase is attempting to limit its selection in one area: advertising.
June 20 -
As Facebook moves away from virtual currency to a payment system that supports real money, a new survey shows that consumers have interest in bringing their banking business to the social media giant.
June 20 -
Facebook is moving away from its Credits virtual currency to a more robust payment system that supports real money. At the same time, new survey data show that consumers are interested in bringing their banking business to the social network.
June 20 -
Discover Financial Services may be having more success than its peers in getting consumers to revolve balances from month to month — which is where more profits lie.
June 19 -
Alliance Data Systems Corp. has agreed to buy the $475 million private-label credit card portfolio of Bon-Ton Stores Inc., a 275-store chain with outlets in 23 states.
June 19 -
Discover Financial Services saw stronger revenue during its second quarter but lower net income compared with a year earlier, the company said June 19.
June 19 -
"People love the idea of simply waving their phone and paying," says an entrepreneur whose $10 product lets them do that — by sticking their contactless card in a pocket attached to the handset.
June 6 -
Nonbank mobile wallets pose a looming threat to banks, Carlisle & Gallagher research finds.
June 4 -
Lots of mobile wallet products are hitting the market, but they'll only go as far as their usability takes them.
June 1 -
Thieves know: there's money in credit cards. Credit card numbers are still the hottest items stolen in data breaches, far surpassing debit card numbers and Social Security numbers, according to data from Javelin Strategy & Research.
May 30 -
Merchants have never before had so many options for accepting cards, but a stubborn core that deals only in cash may never change its ways.
May 30 -
The prominent daily-deals provider Groupon is reportedly branching into payments with a device that competes with Square Inc.
May 29 -
More merchants are ignoring high card-not-present fraud rates to pursue untapped international markets for online sales.
May 25 -
Kmart plans to attract a bigger portion of the underbanked crowd by beefing up its walk-in bill-payment and prepaid debit card offerings.
May 25 -
Many U.S. issuers and merchants aren't sold on signature-only EMV cards — they will most likely take the popular chip-and-PIN approach, but it will take time and it may be a patchwork affair at first.
May 25 -
U.S. Bank's cobranded credit card smartphone app, which allows consumers to apply for credit cards in retail stores without filling out a paper application, is now available for Android handsets.
May 24 -
Mobile payment development may be held back by the unnecessary confusion surrounding mobile wallet security and standards, according to a top MasterCard executive.
May 23 -
U.S. credit card charge-offs ticked up in April, but Moody's Investors Service experts say it is merely an aberration in the general downward trend.
May 22 -
MasterCard is forming a cross-industry group to collaborate on U.S. EMV card migration, open to "every industry and entity" involved in chip cards — but Visa says it is still waiting for an invitation.
May 21 -
MasterCard today made the first move to begin talking with rivals and customers about how exactly the U.S. will adopt the EMV chip-card standard.
May 21
