-
American Express' financial performance is already suffering from the pending loss of its Costco card business in U.S., pressuring the company's focus on emerging payments technology to provide a financial lift to calm nervous investors.
April 17 -
Discover Financial Services in Riverwoods, Ill., said it will double cash rewards for certain customers for a limited period, its latest effort to battle with rival issuers for new business.
June 2 -
Commerce Bancshares in Kansas City, Mo., said Monday that first-quarter profits fell 5% from a year earlier, to $61.1 million, as net interest income fell and expenses rose.
April 13
Commerce Bancshares in Kansas City, Mo., has established relationships with several new organizations, including environmental groups and universities, to offer co-branded credit cards.
Commerce will issue co-branded cards for the conservation groups Whitetails Unlimited, Rocky Mountain Elk Foundation and Sustain: Green. The affinity cards carry special rewards, such as the Sustain: Green MasterCard letting users reduce their carbon footprints and contribute to rainforest protection funds, based on each purchase.
The $24 billion-asset company will also issue affinity cards for Wayne State University, the University of North Carolina at Greensboro, Michigan Technological University, Bryant University, Central Connecticut State University, the University of South Alabama, Southwest Oklahoma State University and the University of Tulsa.
