Credit cards
Credit cards
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The deal for PayPal’s consumer loan portfolio will make Synchrony a bigger player in e-commerce. And the agreement helps the Silicon Valley payments giant achieve its goal of reducing its exposure to the credit cycle.
November 16 -
Bank of America Merrill Lynch is centralizing information and updates for global commercial card administrators within an online tool called Card Assistant.
November 15 -
Credit unions based in California, Michigan, Illinois and South Carolina have rejoined the CUSO’s fold.
November 15 -
For years, American Express has analyzed the more than $1 trillion in annual purchases taking place on its closed-loop network to better advise clients to formulate marketing programs.
November 13 -
HSBC Chairman Mark Tucker has met with shareholders and discussed takeovers of U.S. credit card businesses in his first month in office, the Sunday Times reported.
November 13 -
The Trump administration is “sounding a friendlier tone” toward bankers following the Obama chill; credit bureau takes steps to limit the financial damage.
November 13 -
Most larger credit unions have reissued chip-enabled cards, but some small CUs have lagged — and it’s nearly impossible to get an industry-wide picture of where adoption stands.
November 10 -
Turkey’s domestic card scheme Troy, launched in April 2016 by a coalition of 10 local banks, now supports card transactions outside of the country through a deal with Discover Financial Services.
November 9 -
American Express Canada is launching a digital payment solution that replaces plastic cards with virtual account numbers.
November 7 -
Startups and banks have watched for years as young consumers shifted from credit cards to debit cards to, finally, P-to-P apps. But what's driving that shift may not be what the providers intended.
November 1 -
American Express will become the exclusive issuer of Hilton Honors cobranded credit cards in January, taking over the entire portfolio it previously shared with Citigroup.
November 1 -
Many companies in financial services say they want to be the next Uber. But the reverse may also be true, with the ride-sharing company adding a cobrand card that can be managed from within the Uber app.
October 25 -
HSBC Bank USA is the latest to issue a credit card made of metal, designed for affluent customers who travel often.
October 25 -
As more loans go bad across the credit card industry, the Riverwoods, Ill.-based company boosted its provision for loan losses by 51%.
October 24 -
The McLean, Va., company dialed back its lending in the quarter as credit quality in several business lines weakened.
October 24 -
Deserve wants to deliver credit cards to students and underbanked young adults through a system that underwrites credit without relying on FICO scores and instead by judging the applicants on their future potential.
October 24 -
Deserve is offering unsecured cards to young adults who do not have traditional credit scores. The Silicon Valley startup uses a proprietary algorithm that analyzes bank account activity to evaluate the likelihood that borrowers will repay.
October 24 -
Bank fires four forex traders, while the OCC slams its auto lending practices; United wants to renegotiate its co-branded credit card agreement with JPM.
October 23 -
The store-branded credit card issuer reported that more borrowers fell behind on their payments in the third quarter. Still, net earnings were stronger than expected.
October 20 -
Payments company reports double-digit increases in both profit and revenue; card company faces intense competition.
October 20



















