A J.D. Power official says supplemental benefits — many centered on travel cards — need to be pared down. His comments followed the company’s release of survey data that showed these hard-to-understand benefits were a drag on customer satisfaction.

Apple is expanding the list of merchants where Apple Card users may earn 3% cash back, starting with Uber.

JCB International has formed a partnership with EVO Payments to enable acceptance of JCB credit cards at across the U.K. and Ireland.

Deutsche Bank overhaul plan will put taxpayers and the financial system at risk; the San Antonio company names three women to key technology positions; issuers like Chase and Citi need to think beyond traditional card options; and more from this week's most-read stories.

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

Apple is far from the first to apply a high-tech spin to the ordinary payment card. Several other companies before it have experimented with technology and materials in the hopes of providing a unique form of payment.

Offering 3% on purchases through its App Store, Apple hopes to make its competitors' phones a less-appealing option; a call for speeding up FedNow.

Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom.

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

Apple's massive user base, fully digital enrollment system, merchant reach and partnership with Goldman Sachs threaten retail banks on multiple fronts.