Kate Fitzgerald

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.

Navy Federal Credit Union's move to eliminate balance transfer fees for new credit card accounts may demonstrate that the credit card industry has recovered sufficiently from economic and regulatory setbacks to return to more aggressive marketing.

Discover Financial Services of Riverwoods, Ill., on Monday announced the appointment of R. Mark Graf as its executive vice president, chief financial officer and chief accounting officer, succeeding Roy Guthrie, who is retiring.

Certain effects of the economic downturn have begun to ease, but one recession-hatched trend persists: Cash-strapped consumers continue to show a preference for paying their credit card bills over their mortgages, TransUnion LLC said.

MasterCard Inc.'s five-year road map for electronic payments in Australia requires issuers and card accepting merchants there to adopt its PayPass contactless payment service beginning next year.

Lawmakers’ efforts to pass a “stop-and-study” law that would delay implementation of the Durbin amendment are gaining ground, a growing number of analysts say.

Barclays PLC continues to dominate the United Kingdom's contactless payment market, claiming 88% of the U.K.'s total base of 12.9 million contactless debit- and credit-card holders at the beginning of the year.

Wells Fargo & Co. this month is rolling out an online health care payment product that integrates various functions to help hospitals improve patient payment collection systems and to expand its relationships with commercial customers.

The Internal Revenue Service is aiming to clear up uncertainty about new rules requiring payment processors and merchant acquirers to report certain data to the agency.

Certain card issuers, grappling with the fallout of new and pending regulations, are beginning to recognize that a new approach to designing payment products may be needed to cope with even more potential regulatory changes ahead.

The Payment Card Industry Security Standards Council on Friday released guidelines for handling and storing card data within audio recordings at call centers.