Redwood City, Calif.-based processor i2C has hired Jim McCarthy as president, two years after Visa dismissed the card network’s former innovation chief.

With health organizations warning of a global outbreak, banks are starting to assess the risks to their bottom lines.

Afterpay has found an opening in the U.S. by targeting the millennials who don't have a credit card to use at the point of sale.

With Visa’s sweeping change continuing to raise fees for credit card transactions, it is no surprise that many businesses, especially in the retail industry, are unhappy, says Fattmerchant CEO Suneera Madhani.

The savings and credit building startup Self Financial has raised $20 million in a Series C funding round to help fuel its expansion to serve financially struggling consumers.

Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product.

Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.

When established card networks such as Visa, American Express and Mastercard start investing in fintech lending platforms such as Divido and ChargeAfter — as well as in the fintech lenders themselves such as Klarna and Vyze — it’s a clear signal that the future of unsecured personal loans may not be delivered by banks.

The fintech, which translates foreign credit reports to help immigrants get loans, says it has raised millions from venture capital firms and celebrities like Alex Rodriguez and U2's The Edge because its product addresses important economic and social needs.

Unsecured debt – either closed-end or revolving – could be a bright spot as other loan categories slow, but new entrants and other factors could create challenges in the year ahead.