Green Dot has named three new directors, ignoring the slate of nominees recently proposed by activist investor Harvest Capital Strategies.

The U.S. shift to EMV — once considered as viable as the U.S. shift to the metric system — is well underway. Here are some of the latest signs of progress, as well as some of the biggest pain points.

JPMorgan Chase has partnered with Starbucks on a branded, prepaid rewards card, expanding its relationship with the coffeehouse chain.

American Express cut chief executive officer Kenneth Chenault's pay 26 percent to the lowest level since 2008 after the credit-card lender's stock and profit slumped last year.

As one of the most antagonistic lobbying battles in Washington escalates -- where financial institutions like JPMorgan Chase and Visa are sparring with companies such as Walmart over credit card swipe fees -- a powerful ally is again sticking up for the retailers.

A large investor in the prepaid card pioneer Green Dot plans to nominate three directors to the prepaid card company's board, as the activist investor group seeks to remove founder and Chief Executive Steve Streit.

A consumer group argues in a new report that banks are being too aggressive as they try to persuade their customers to switch to the electronic delivery of monthly statements. Now it's calling for the CFPB to step in.

Citigroup said it agreed to buy American Express' stockpile of U.S. credit card loans made to shoppers of Costco Wholesale, as the fourth-largest U.S. bank takes over a card partnership with the retailer. Terms were not disclosed.

Citigroup said it agreed to buy American Express' stockpile of U.S. credit card loans made to shoppers of Costco Wholesale, as the fourth-largest U.S. bank takes over a card partnership with the retailer. Terms were not disclosed.

Green Dot reported a larger fourth-quarter loss on higher employee compensation costs and said it will book an extra $11 million in expenses to roll out a new card product.