Kate Fitzgerald

GE Capital Retail Finance and Alliance Data Systems Corp. each announced extensions Tuesday to long-term proprietary card programs.

Forty percent of all payment cards and 71% of terminals worldwide now support the EMV Integrated Circuit Card Specifications, EMVCo LLC, the organization managing the EMV specifications, said.

As Michaels Stores Inc. continues its investigation into the payment terminal tampering that affected 80 of its stores, experts say other merchants are likely just as vulnerable and should be investigating their own hardware.

Credit card terms have not changed much in the past year, despite expectations that issuers would raise interest rates and fees on new accounts to offset the effects of restrictions imposed last year under the Credit Card Accountability, Responsibility and Disclosure Act, according to data from the Pew Health Group.

PIN-pad tampering at Michaels Stores Inc. occurred over a three-month period and so far has affected "fewer than 100" customers' debit card accounts, but credit card data also may have been exposed, the retailer said Friday.

PIN-pad tampering at Michaels Stores Inc. occurred over a three-month period and so far has affected "fewer than 100" customers' debit card accounts, but credit card data also may have been exposed, the retailer said Friday.

Michaels Stores said Wednesday that the PIN pad-tampering attack it disclosed last week is far more widespread than it originally believed, affecting at least 90 payment terminals in stores in 20 states.

Digital wallet services are being promoted, in part, on the strength of the card brands behind them. But data shows that consumers do not place that much trust in the name on their card.

Helped by a rise in service and data-processing revenue and strong international transaction growth, Visa Inc. Thursday posted a fiscal second-quarter profit of $881 million, up 23.6% from a year earlier.

If certain conspiracy theories have any merit, the Federal Reserve Board might be heeding signals from Capitol Hill as it takes more time to finalize debit interchange rules, one payment industry analyst said.

The payments industry is preparing to tackle disruptive changes in technology head-on, rather than brace against them.

Combining targeted online marketing with social media, Discover Financial Services is paying a $50 bounty this week for each referral who becomes a cardholder.

The explosive growth in payments as the industry steadily moves to electronic and mobile platforms is attracting many new players and business models, but the winners ultimately will be those that can leverage payments on a massive scale, a Citigroup Inc. executive says.

A sign that international travel has regained some of the momentum lost during the recession, new data from Visa Inc. shows that travelers going to and from the U.S. boosted their spending significantly last year.

Seeking to reassure investors that the effects of the recent cyberattack on the email marketing operations of its Epsilon unit will be minimal, Alliance Data Systems Corp.'s chief told analysts that the event has not resulted in any significant falloff in business.

As the average credit card chargeoff rate has declined sharply over the past six months, so has demand for collection agencies' services.

The average U.S. credit card chargeoff rate for most major issuers remains on track to continue declining for at least the next few months, according to analysts at Moody's Investors Service.

Responding to consumers' growing concerns about online fraud and identity theft, American Express Co. unveiled a premium-level fraud-monitoring service.

Fiserv Inc. is adding Cardlytics Inc.'s merchant-funded rewards program to its online banking services alongside Fiserv's UChoose Rewards credit and debit rewards program.

Hoping to capitalize on a rebound in business travel, Wells Fargo & Co. has developed features designed to improve expense reporting using mobile phones.