The U.S. is considering sanctions that would effectively prohibit Visa Inc., Mastercard Inc. and other financial institutions from processing transactions in Venezuela, an administration official said, a step aimed at cutting off funds to Nicolas Maduro’s regime.

After forming a series of high-profile partnerships with various payments service providers, China's UnionPay International has declared its plan to challenge Visa and Mastercard’s duopoly of the U.K. card industry.

As president of enterprise strategic partnerships at American Express, McNeal has been right in the middle of developing the technology and use cases for Amex to advance in a digital and virtual payments world.

Understanding how the payments ecosystem works is a basic tenet for anyone aspiring to work in the industry. Visa's Taira Hall has that understanding, plus she is ingrained with a trait many others may not have — she has experienced what happens when there is no accessible payments system in place.

In her 27 years working at Discover, Amy Parsons has always found herself in the right place at the right time. Or, more likely, decision makers at Discover have made a habit of putting Parsons right where they need her to tackle the hottest trends in payments.

To successfully create new payment forms and uses, it’s critical to have a highly functioning team developing and promoting their ideas — something Colleen Taylor has fully embraced at Mastercard.

The Bank of England is requiring Visa to appoint PwC as an independent third party to review the card brand’s progress in implementing recommendations that followed a 2018 outage in Europe.

The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.

In a new, global twist to its ongoing Visa Everywhere competition, Visa is targeting female entrepreneurs who are looking for the right technology to solve their payment-related business problems.

Chinese mobile payment apps Alipay and WeChat Pay have made deep inroads into Western markets, and now UnionPay, China’s state-run card network, is catching up.

U.S. credit card debt hit $870 billion — the largest amount ever — as of Dec. 31, according to data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.

On Sep. 30, 2018. Dollars in thousands.

The move by Kroger Co. comes in response to rising interchange fees on Visa's premium credit cards. The cards will be banned at 142 Smith's stores in the western U.S.

Thailand’s Siam Commercial Bank (SCB) is launching its first credit card through Japan’s expanding JCB card network, targeting young adults who like to travel throughout Asia.

The real value for Apple is in the underlying consumer and spending data. Apple already has a tremendous amount of consumer data via its phones and will gain the ability to pair that with consumer spending, according to Ali Raza, managing principal at Blue Leviathan.

The foray into digital consumer lending follows a similar move by rival Citigroup.

The bank said in its annual report that anticipated store closings could reduce both new account acquisitions and purchase volume.

City sues seven banks for alleged price fixing on floating-rate bonds; analyst says “the most negative revelations are yet to come” in the 1MDB scandal.

The move, reported by The Wall Street Journal, could be part of a deeper foray into cobranded cards by Goldman, which has been expanding into consumer finance through its Marcus unit.

The agency has required restitution in just one of six settlements under its new director, raising questions about whether the pattern will continue.