Inaccurate rejections of legitimate transactions aren't a new problem, and companies can't always use past transaction data to spot future risk on a large scale. Artificial intelligence can change the game.

Payments processor and technology provider Total System Services Inc. has begun a long-term agreement to provide debit transaction processing for Virgin Money customers in the U.K.

Citigroup mobile-app users can now track the status of deliveries of replacement credit cards.

Citigroup mobile-app users can now track the status of deliveries of replacement credit cards.

Capital One Financial in McLean, Va., is splitting up the management of its cards business.

U.S. fuel cards were a relatively complacent niche until a few years ago, when a wave of consolidations and digital innovations transformed the $66 billion-plus industry into a hotbed of competition.

India’s war on cash has at least two likely victors: Visa Inc. and Mastercard Inc.

Wells Fargo is continuing to sustain damage from the phony-accounts scandal that emerged in early September, according to new data published Thursday.

LendingTree has agreed to pay up to $130 million to acquire the credit card shopping site CompareCards.

In this environment, the millennials who have largely chosen credit card alternatives such as P-to-P apps and social payment tools will have an easier time getting credit cards, potentially giving banks an added tool to compete with apps like Venmo.