Kate Fitzgerald

Discover Financial Services said it has signed a deal with Banco Popular that will allow Discover to "dramatically" expand in Puerto Rico, where it has minimal card acceptance.

First Data Corp. said it plans to support the Federal Reserve Board's proposed debit interchange cap with a two-tiered pricing structure for debit interchange rates on its Star Network, and expects slow but steady revenue growth ahead.

The Payment Card Industry Security Standards Council is seeking to broaden industry participation with its third set of advisory board members since the initial board was convened in 2007.

Starbucks Corp. customers loaded a record $700 million on to the Seattle coffee chain's prepaid card accounts during its most recent quarter, up 39% from a year earlier.

The states with the largest populations generally have the most credit card debt outstanding, according to new data from Equifax Inc.

JPMorgan Chase & Co.'s Chase Bank USA unit does not have to continue fighting a class action alleging it improperly increased credit-card holders' interest rates, the Supreme Court ruled Monday.

Under the new arrangement, which was announced Jan. 20, First Data will manage "supporting interfaces and technologies" associated with processing Kohl's credit card transactions and will maintain the cards' payment platform, the representative said.

Compliance with Payment Card Industry data security standards is a top concern among smaller merchants, but many remain unaware of the scope of their potential liability ...

Total System Services Inc. is extending health-care payment services to Puerto Rico through an arrangement with Paytech Corp., a Puerto Rico e-commerce transaction processor.

American Express Co. has appointed Toby Eduardo Redshaw executive vice president and chief information officer, replacing Stephen Squeri, who was promoted. Redshaw previously was global chief information officer for Aviva PLC.

The payment card industry is generally on track to increase its profits this year if card purchase volume continues its post-recession growth — but the fortunes of the four largest card networks may vary significantly.

The Federal Reserve Board's proposed debit card interchange rules would slash issuers' revenue by $11.8 billion, a report says.

As credit card portfolio health continues to improve and consumer spending gradually picks up, receivables are poised to grow next year for the first time since the financial crisis.

PARIS — Economic fears that stalled investments in mobile payments technology are fading, but the potential for new entrants to disrupt the market still has some players on edge.

PARIS–Mobile payments are set to expand dramatically within the next two years, payments industry executives concurred during a roundtable discussion here Dec. 7 at the Cartes & IDentification conference.

The Seattle merchant plans to roll out the technology to all its company-owned U.S. stores by early next year, Cliff Burrows, the president of Starbucks' U.S. operations, said Wednesday during the company's investors conference in New York.

Retailers gained more leeway in controlling their payments under the recent debit interchange regulation, but whether they can put this into practice without irking their customers is a separate issue.

Fifth Third Bancorp has agreed to pay $9.5 million in a proposed settlement with customers who claim they were improperly charged debit card overdraft fees caused by the bank's policy of manipulating the sequence of posted transactions.

Less than one-fourth of consumers have signed up for debit card overdraft coverage from banks, and 70% say they want to continue to exercise choice in their debit-overdraft options, according to a report from Consumers Union.

Citing fewer defaults and a reduction in overall outstanding receivables, Target Corp.'s credit card unit more than doubled profit in its fiscal third quarter.