Fintech

Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.

Credit card issuers are still targeting high-spending customers, who tend to be resilient to economic swings, but competition at the top is brutal and marketing costs are high. At the other end of the credit spectrum, it’s a different story.

The prepaid card industry already succeeded in getting one delay for complying with new Consumer Financial Protection Bureau rules, and at least one top prepaid card issuer is now requesting additional rule-changes and an extra year to comply.

Two of the biggest providers of cross-border tuition payment services for international education are targeting more than 5 million students preparing for college studies abroad this fall.

Auto, personal and credit card originations have fallen as delinquencies have risen, but researchers called the slowdown a temporary rebalancing by lenders.

Looking at the rise in issuers that support mobile wallets, one might think the concept has finally gone mainstream. But the actual usage numbers remain dismal, with few indications of what — if anything — will steer the market toward mobile payments.

Balances 90 days past due are noticeably higher in 2017, new N.Y. Fed data shows. Though the trend has a lot to do with positives like economic expansion and easier access to credit, officials say it deserves careful attention.

The latest class of the Commerce.Innovated accelerator program run by Silicon Valley Bank and First Data demonstrates a focus on changing industries in addition to streamlining how people pay.

An analysis of a test shows runtime application self-protection (RASP) successfully defends mobile banking apps targeted by BankBot against overlay attacks, writes Frederik Mennes, manager of the security competence center at Vasco Data Security.

Synchrony completed its spinoff in 2015 from General Electric Co., a company that Warren Buffett helped prop up during the financial crisis.