Kate Fitzgerald

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.

Major credit card networks are waiving interchange fees that charities otherwise would pay on donations to support Japanese relief efforts after last week's earthquake and tsunami.

As several banks test the consumer response to higher automated teller machine fees as they attempt to make up for lost revenue in other areas, their efforts may be creating problems for ATM independent sales organizations.

Capital One Financial Corp. is attempting to grab market share with what observers call an unprecedented miles-match promotion whose timing may be strategically calculated to take advantage of the turmoil surrounding proposed debit card regulations.

Credit and debit card fraud leads other types of fraud at most U.S. banks and credit unions, but most institutions are fighting such activity under constrained resources, according to a survey.

Few options exist for consumers seeking a chip-and-PIN card from a U.S. issuer, but they are growing. Take State Employees' Credit Union in Raleigh, N.C., for instance.

A number of credit cards rewarding consumers for more responsible financial behavior have been rolled out since the financial crisis as issuers seek to woo back potentially credit-wary customers with strategies that hedge risk on both sides.

Visa Inc. is working with Starbucks Corp. in a promotion to improve Visa brand's status within a mobile wallet.

In a warm-up for Thursday's Capitol Hill hearing on the Federal Reserve Board's proposed debit interchange rules, merchants' representatives said that unless the rules are left unchanged, merchants might be forced to lay off employees.

Global Payments Inc. has promoted James R. Hicks to president of its Global Payments Asia Pacific Ltd. venture, where he will oversee the merchant processor's payment operations across 11 Asian countries.

Visa Inc. will no longer require merchants outside the United States to validate annually their compliance with the Payment Card Industry Data Security Standard — provided that 75% of their transactions come from EMV chip-and-PIN cards.