Cards

Companies like Visa and Mastercard make decisions about security in secrecy, without enough input from banks and merchants.

Visa did not attribute its shutdown to the use of bitcoin, but the incident is a further reminder — as if one was needed — that cryptocurrencies' volatility extends beyond their dramatic pricing swings.

With most of the major card brands deciding to no longer require signature authorization on card transactions, merchants want to see more network rules go the way of the dinosaur.

Agency plans to address issues and regulation of cybercurrencies; OCC says the bank failed to fix problems cited in a 2012 consent order.

Customers saw transactions recorded multiple times and experienced drained accounts and long hold times. It’s a warning to all financial institutions as they head further into mobile-only banking — glitches are more visible and painful and need to be addressed faster than ever.

The debit card is growing in popularity in the U.S. for retail transactions, and consequently FIs are making debit a top priority. However, the strength of debit is a double-edged sword.

Prepaid2Cash has launched a mobile app enabling recipients of card network-branded gift cards to convert them to cash — targeting what the National Retail Federation says is nearly $30 billion in funds spent via gift cards in the U.S. during the holiday season.

Both in dollar and transaction volume, credit card use is growing at a faster pace than debit use, but one industry group predicts that overall credit union lending could decline in 2018

Both in dollar and transaction volume, credit card use is growing at a faster pace than debit use. Much of the growth is coming from affluent consumers who value rewards like 2% cash back on purchases.

Companies like Visa and Mastercard make decisions about security in secrecy, without enough input from banks and merchants.