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Recoveries against bad loans have become a major source of cash for credit card issuers, and hence an increasingly important factor in the industry’s return to pre-recession loss rates.
February 2 -
First Data Corp. expects to benefit this year when the last measure of the new debit-interchange legislation under the Durbin amendment takes hold on April 1, requiring financial institutions with more than $10 billion in assets to have at least two processing networks on their debit cards.
February 1 -
Core banking provider Jack Henry & Associates Inc. logged a strong fiscal second quarter, largely because revenue growth in its electronic payments unit is moving like a juggernaut.
February 1 -
“Feeding coins in the parking meter” may become a phrase associated with days of payments past, especially if PayByPhone Inc. continues to develop a mobile-payment method for consumers using parking spaces.
February 1 -
Citing a $115 million decline in debit-network fees, First Data Corp. saw its fourth-quarter consolidated revenue decline by 1.5%, to $2.69 billion from $2.73 billion a year earlier, the Atlanta-based card processor reported Feb. 1.
February 1 -
A lower cap on debit card interchange fees is hitting small and midsize banks more lightly than expected … so far.
February 1 -
Though delayed by two years, Indian transport operator Ahmedabad Janmarg Ltd. has launched a smart transit card for commuters on Ahmedabad’s Bus Rapid Transit System.
February 1 -
Last year JPMorgan Chase & Co took New York resident Shady Gergis to court over a few thousand dollars in allegedly unpaid credit card debt.
February 1 -
Visa Inc. chairman and chief executive Joe Saunders on Jan. 31 downplayed concerns over the costs associated with implementing its new digital wallet at the company’s annual shareholder meeting.
January 31 -
MCB Bank Ltd. has become the first bank in Pakistan to launch a EMV chip debit card in collaboration with Euronet Pakistan, a subsidiary of Euronet Worldwide.
January 31
