By taking its U.S. card issuing technology to more countries, the fintech is becoming a bigger threat to the acquiring banks that focus on B2B payments.

By taking its U.S. card issuing technology to more countries, the fintech is becoming a bigger threat to the acquiring banks that focus on B2B payments.

Citigroup, the world’s largest credit card issuer, is looking to jump-start efforts to acquire new cardholders after the pandemic caused it to curtail such activities last year.

BofA is awash in liquidity, but an uptick in credit card applications and heightened interest from commercial borrowers have executives hopeful that loan demand will soon rebound.

Lease-to-own fintech Acima has launched a virtual Mastercard payment card to allow underbanked consumers to lease eligible products and eliminate risk for merchants as Acima purchases the goods for rental.

Gap and Synchrony Financial are parting ways after they couldn’t reach an agreement to renew their longstanding card partnership.

Issuers may provide relief for borrowers who fall behind on installment loans — and mitigate some of the reputational hit to merchants in the process.

Issuers may provide relief for borrowers who fall behind on installment loans — and mitigate some of the reputational hit to merchants in the process.

U.S. consumer borrowing surged in February by the most since late 2017 as a broader reopening of the economy from pandemic restrictions helped spark an increase in credit card balances.

Instacart has reached a deal with JPMorgan Chase to offer a credit card to customers who’ve flocked to the grocery delivery service during pandemic lockdowns.

The trend toward open banking and open networks is forcing issuing banks to look more closely at how they can keep pace with customer demands — without the risk of a full tech overhaul.

The agency announced it was rescinding seven policy statements issued last year meant to help companies combat fallout from COVID-19 but that the bureau's current chief said came at the expense of consumers.

A surge in e-commerce across Asia began long ahead of the pandemic, according to new data from the Tokyo-based credit card network JCB.

Capital One Financial led a $170 million investment in the startup Hopper as the financial giant seeks to make a deeper push into travel.

Goldman Sachs Group didn’t use discriminatory practices when deciding whether to extend credit to prospective customers of its Apple Card, said the New York State Department of Financial Services.

Large banks that counted on airline and hospitality points to drive loan growth in the credit card business are anticipating renewed demand once safety concerns subside. But they’re also cautioning that the recovery in travel spending is likely to be gradual.

The 14 lenders that dominate U.S. credit cards slashed $99 billion from their customers’ spending limits in 2020, mostly affecting financially troubled households.

Michael Moeser, senior analyst at PaymentsSource, talks to Nikki Darden, head of global marketing integration at Citigroup; and Cheryl Guerin, executive vice president of North America marketing and communications at Mastercard, about the True Name feature on their cards.

After digging deep into member data, Randolph-Brooks FCU in Texas developed a marketing campaign aimed at persuading JPMorgan Chase clients to switch to the credit union's own card. It's an effort its peers could imitate.

There are signs that participation in cardholder loyalty offerings is slipping. Credit unions must reengage members if they hope to retain those accounts.