Kate Fitzgerald

There is now a gold-rush mentality among developers looking to produce the next hit mobile-payment application. The latest example was a "Pitch That App!" that drew more than 100 participants.

Citigroup Inc. has renewed its long-running credit card partnership with Shell Oil Products US, in the latest sign that the bank may retain its $45 billion retail partner card unit instead of continuing to search for a buyer.

Target's credit card unit earned $171 million for its second quarter ended July 30, benefiting from sharply lower losses on its cards after the financial crisis.

Visa's move to prompt widespread chip-card acceptance will have major consequences for merchants and card issuers, particularly if the other card networks do not follow its lead.

Smaller merchants may miss Visa's first deadline for chip-card acceptance by as much as two years, though larger merchants should meet that deadline easily.

In what it is calling a return to decades-old marketing tactics combined with new technology, credit-score giant FICO on Aug. 2 introduced a product designed to target credit card customer prospects more effectively in a sluggish market.

Debit issuers scrambling to ensure they have appropriate fraud protections may find their efforts cost them more than the one-cent perk the Fed offers under its new interchange fee rules.

U.S. consumer bankcard delinquencies hit a record low in June, while charge-off rates also improved again.

Citing improving economic conditions, TSYS reported a 3.9% increase in second-quarter revenue. Its net income rose 4%.

Legal experts say the placement and wording of the CFPB's form for credit card complaints may put an unwelcome spotlight on issuers' risk management strategies.

Credit card issuers wanting to improve profitability in the wake of the recession could get better results by looking more closely at their own fraud cases to determine what type of fraud criminals are perpetrating, new research from Experian PLC suggests.

Analysts question effectiveness of the card, but note it could be just a first step into more credit offerings.

As potential buyers kick the tires of a few big credit card portfolios on the block, the issuers' private-label card operations for the first time in years could be an advantage, instead of a drag, thanks to changes in the economy and in industry regulations.

Consumers' rising revolving credit may mean the pullback in consumer lending is easing, but an analyst warns against drawing too many conclusions from the recent data.

In a move that seems to parallel U.S. policies, a consortium of top French banks has agreed to cut debit card interchange rates inside the nation's borders by as much as 36% in response to a price-fixing investigation by a government agency.

In a move that seems to parallel U.S. policies, a consortium of top French banks has agreed to cut debit card interchange rates inside the nation's borders by as much as 36% in response to a price-fixing investigation by a government agency.

Consumer credit card growth, which has been on the decline for about three years, could be showing signs of life again, according to data from Equifax Inc.

American Express Co. has made sponsorship deals designating its brand as the official card of two major entertainment venues and three professional teams, the company announced June 30.

Banks and retailers are no longer fearful of the changing payments landscape, but they are still struggling to find their place in it. A report from Card Forum.

In its first major play to connect its mobile-payments service with social media, Starbucks Coffee Co. now lets its mobile payment users send gift cards to friends on Facebook.