Apple Inc. is ramping up a test of a digital-first credit card with Goldman Sachs Group Inc. by expanding its use to tens of thousands of the iPhone maker’s U.S. retail employees.

Kashuba, who heads design and innovation at Fifth Third Bank, says looks matter even to the common credit card.

Rather than receiving a lump-sum payment from the online lender, borrowers can now choose to have the proceeds of a debt consolidation loan sent to the companies they owe.

The move figures to generate more low-cost funding for the firm’s consumer lending businesses without sacrificing substantial revenue.

Target in the past 48 hours suffered a pair of unrelated point of sale outages that had at least one thing in common — they resulted in consumers scrambling for a contingency that would have been little problem as recently as four or five years ago.

State and local officials have pushed back against retailers that don’t take cash, and now some are pressuring electric vehicle firms to expand payment options at charging stations.

Rep. Katie Porter is butting heads with Jamie Dimon again. The Democrat from California claims JPMorgan Chase’s new policy of making credit card customers use arbitration instead of the courts to resolve payment disputes violates her state’s laws.

To make a credit card top of wallet and build interchange income, credit unions must develop trust, provide great service and ensure the card works every time.

The 8-BIN migration will be here sooner than many financial institutions believe. Fortunately, even for those institutions that haven’t started planning for the migration, there is enough time to limit confusion, lost revenue and customer churn, writes Member Access Processing's Carol Logan.

The large credit card issuers are becoming more selective about who they are extending credit to and how much they are willing to lend, their CEOs said Tuesday.