Cashless payments provider SIX Payment Services has launched a virtual PayLife credit card for making mobile payments in Austria.

Consumers will be able to avoid manually entering a full account number on a mobile screen.

On Sept. 30, 2016. Dollars in thousands.

The fleet card provider WEX isn't sure how blockchain can help its business, but it's confident enough in the technology's promise to move forward.

Total loans rose 7%, but the provision for loan losses jumped 27% to $1.7 billion.

Strong loan growth was partially offset by rising delinquencies in its flagship credit card business, as well as in student and personal loans.

Credit card issuers usually reserve their richest rewards for customers at the higher end who are willing to pay steep annual fees. But a recent surge in credit card rewards deals targeting mainstream consumers signals a key strategy shift for issuers.

The Stamford, Conn., credit card issuer reported net income of $576 million, up 5.3% from the same period a year earlier.

American Express spend a record amount of marketing and promotions in 2016, following Costco's departure.

American Express Co., the largest U.S. credit-card issuer by purchases, said fourth-quarter profit fell 8.2 percent as expenses exceeded analysts’ estimates and the firm set aside more money to cover bad loans.