Fintech

The Consumer Financial Protection Bureau said Experian sold consumers an "educational" credit score and falsely claimed in advertisements that the score was used by lenders to make credit decisions.

Starbucks customers will soon be able to send Starbucks gifts to other iOS device users via Apple Inc.’s iMessage platform with Apple Pay.

Card issuers are sounding the alarm about the Consumer Financial Protection Bureau's final prepaid rule, claiming that without fixes the agency has opened the door to potential fraud on unregistered cards.

One in four acquirers say that how they approached Payment Card Industry security standard compliance caused them to lose merchant accounts.

Retail-focused Provident Bank has added an on/off switch that allows customers to suspend their debit cards. A few big banks rolled out similar features last year.

Amer Sajed, a 56-year-old Pakistan-born immigrant to the U.S., will step down from his role leading the bank’s credit card business in July after being spurred into activism by President Trump's stances on social and other issues.

Royal Bank of Canada has long been enthusiastic about payment technology that most other banks usually see as long-term projects.

The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.

American Express Co., the biggest credit-card issuer by customer spending, paid Chief Executive Officer Ken Chenault $22 million for his work in 2016, a 19 percent increase from a year earlier.

When most of the payments industry was working to find a way to accommodate the Durbin amendment's routing rules for EMV debit cards, First Data acquisition target Acculynk had its attention focused elsewhere.