Technology

Most high school students believe credit card companies often entice consumers into shouldering more debt than they can handle, new survey data released June 23 suggest.

Reserve releases are an exhaustible resource, but, with chargeoffs falling steeply, they are poised to fuel earnings for some time to come.

JPMorgan Chase & Co. reportedly has abandoned more than a thousand debt-collection lawsuits across the U.S. that sought to recover soured credit-card loans from borrowers, according to Dow Jones.

Although mobile-payments venture Isis has publicly disclosed that it wants to add larger payments networks than its initial partner, Discover Financial Services, Discover says it might now be better positioned in the mobile-payments market.

Experian, a credit-reporting firm, announced Thursday the availability of a Market Insight Snapshot report that analyzes strategic defaulters and provides recent findings on the profile of these individuals.

Users of the check-in service Foursquare now can automatically redeem deals offered by merchants on the social-media application using an enrolled American Express Co. card.

Discover Financial Services second-quarter profit more than doubled as declining delinquency and charge-off rates allowed the credit-card lender to tuck away a smaller amount of money to cover bad loans.

Fidelity National Information Services Inc., or FIS, has approached United Kingdom-based vendor Misys PLC regarding a possible acquisition, FIS announced June 23.

Yahoo Inc.’s issues with Alibaba Group Holding Ltd. over the ownership of the Alipay online payments provider have yet to be resolved, though the companies are making progress, they announced June 22.

A total of 360,083 North American Citigroup credit card accounts were affected by a recent breach of customer's names, emails, account numbers and transaction histories. This is a breach that could have been avoided by inserting simple access controls.