Merchant

As the Costco-Citibank credit card partnership hits full stride this month following the retailer’s painful split with longtime credit card partner American Express, Bank of America is making a change to its own credit card rewards program to win the business of warehouse club shoppers.

The Federal Reserve detected more than 50 breaches of its computer systems from 2011 to 2015, Reuters reported, adding to signs that the central bank may be vulnerable to hackers or spies.

A legislative proposal has surfaced in Congress that seeks to disrupt much of the U.S. system of reporting and using credit information, including potentially major changes in credit scores.

At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.

Square Inc. may be having a tougher time convincing merchants to buy its $49 EMV card reader than it did the free magstripe version it built its business on.

A lawsuit filed in U.S. District Court accuses Atlanta-based Equifax of failing to keep its promises to protect the personal information of Kroger employees.

A Georgia auto title lender has contributed nearly $240,000 in additional funds to two South Dakota political organizations waging campaigns over a pair of short-term lending ballot measures, according to campaign finance records released Friday.

How can banks benefit from a spurt of mobile payments innovation that is enabling faster checkouts with the advantage of greater security for customers?

A recent spate of breaches on Asian banks that allowed hackers access to the Swift network have resulted in finger pointing, and some calls for creating a new, more secure network. But the issues faced by Swift would likely be the same with any replacement network.

Washington State Attorney General Bob Ferguson filed a lawsuit Thursday accusing a Florida-based company and its owners of charging students illegal fees for debt relief services.