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In 2009 through last year, credit cards had been first on consumers’ list when deciding which bills to pay first, over mortgage and other debts. This year, however, their priority has shifted to paying mortgages and utilities first, new study data show.
November 11 -
The burgeoning growth of mobile payments could become the tipping point for proposed national legislation that would force merchants to charge state sales taxes for the first time on many goods and services sold through online channels, a national tax expert tells PaymentsSource.
November 10 -
Star, First Data Corp.’s electronic funds transfer network, is moving forward with plans to focus more heavily on e-commerce by signing a nonbinding letter of intent to participate in CardinalCommerce Corp.’s Universal PIN Debit Service.
November 10 -
U.S. consumer interest in using mobile phones to make purchases and in receiving incentives and coupons to shop at retailers has doubled since last year, new research suggests.
November 10 -
The average consumer credit card charge-off rate among the top U.S. card issuers is nearing a historic low but should begin creeping upward next year, new data Fitch Ratings Inc. released Nov. 9 suggest.
November 10 -
Fleet card provider FleetCor Technologies Inc.’s third-quarter results benefitted from its mergers-and-acquisitions strategy and its new universal card product, one analyst says.
November 10 -
The casino industry is turning a corner, but the long-term impact of the so-called Durbin amendment on Global Cash Access Holdings Inc.’s revenues remains unclear, executives from the company told analysts during a Nov. 9 conference call to discuss third-quarter earnings.
November 10 -
After analyzing the mobile-banking offerings of the top 25 retail banks by deposits, Javelin Strategy & Research has declared that JPMorgan Chase & Co. has the best, followed closely by Wells Fargo & Co. and Bank of America Corp.
November 10 -
Near the end of the Federal Reserve Bank of Chicago’s one-day payments symposium Sept. 26, Wal-Mart Stores Inc.’s Jamie Henry posed a question that had yet to be answered during the previous eight hours.
November 10 -
The Internal Revenue Service has not collected delinquent taxes for nearly half the past-due tax cases left behind from its shuttered private debt collection program, according to a new government report.
November 10