The U.S. might be ahead of the rest of the world in some areas of security, but when it comes to protecting against credit card fraud, we're way behind.

Synchrony Financial has received regulatory approval for moves that will let the credit card lender cut ties with its longtime parent, General Electric.

This week marks the fourth anniversary of the "Durbin amendment," a defective law directing the Federal Reserve to impose price-controls on debit interchange fees.

Results from the largest U.S. bank, and the first major player to report on its latest quarter, showed widespread revenue strains and only added to questions about the industry's growth prospects in the near future.

U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.

Banks say the Consumer Financial Protection Bureau plan to ban arbitration clauses for individual claims will aid trial lawyers, while consumer advocates say the move is overdue and may not go far enough.

The Consumer Financial Protection Bureau's impending proposal, to be reviewed by a small business advisory panel, would block companies from using arbitration clauses to avoid class actions but allow them for individuals.

Bank of Nova Scotia's online platform will introduce its first credit card Tuesday, according to people with knowledge of the matter.

A California company called NEFT wants to provide the online meeting place where debt-laden borrowers get together with lenders and credit bureaus to negotiate repayment plans. Backed by some prominent investors, NEFT says it offers carrots to get all the parties to participate.

In updating cards with EMV technology, Visa and MasterCard have neglected an important element of what makes the security standard so successful elsewhere. The need for PIN verification is clear.

Many card issuers are well on their way to the migration to chip cards or have a plan to do so. But many merchants are still completely unaware of the shift in fraud liability taking effect Thursday.

The $17 billion-asset holding company for First National Bank of Pennsylvania plans to use the proceeds for general corporate purposes, according to a Wednesday news release.

Some critics argue that it's a bad idea to introduce chip cards without PIN requirements. But this debate is a distraction from the payments industry's robust and multifaceted efforts to fight cybercrime.

The deadline for EMV migration in this country is this Thursday. Here's what will and won't happen on that day, and what challenges lie ahead for banks and their customers.

Citigroup has agreed to issue private-label credit cards for Wawa, a Mid-Atlantic convenience store chain.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including how postal banking could help low-income people in the U.S. and the continuing debate over interchange fees.

It's time for the Fed to stop giving deference to the banking industry and correct the industry's swipe fee increases on small-ticket transactions.

Citi and Capital One are putting pressure on rivals such as Discover and American Express, while Wells Fargo is eyeing a bigger footprint in the business.

The Stamford, Conn.-based credit card issuer expects to be independent by the end of the year, and predicts that it will benefit from its separation from General Electric.

Alliance Data Systems has agreed to work with Toyota on a new line of private-label credit cards and to manage the Japanese automaker's existing co-branded card program.