As India’s first billion-dollar share sale in more than two years and the only credit card firm in the nation to go public, SBI Cards and Payment Services Ltd.’s float may exceed the $1.4 billion target. The question is by how much in the face of the coronavirus outbreak.

The company said that cardholders’ spending overseas has slowed sharply, especially for travel-related purchases, and that it won’t give a forecast for future quarters until next month.

On Sep. 30, 2019. Dollars in thousands.

The Exton, Pa.-based credit union grew its commercial real estate and credit card lending in 2019 from a year earlier.

Redwood City, Calif.-based processor i2C has hired Jim McCarthy as president, two years after Visa dismissed the card network’s former innovation chief.

With health organizations warning of a global outbreak, banks are starting to assess the risks to their bottom lines.

Afterpay has found an opening in the U.S. by targeting the millennials who don't have a credit card to use at the point of sale.

With Visa’s sweeping change continuing to raise fees for credit card transactions, it is no surprise that many businesses, especially in the retail industry, are unhappy, says Fattmerchant CEO Suneera Madhani.

The savings and credit building startup Self Financial has raised $20 million in a Series C funding round to help fuel its expansion to serve financially struggling consumers.

Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product.

Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.

When established card networks such as Visa, American Express and Mastercard start investing in fintech lending platforms such as Divido and ChargeAfter — as well as in the fintech lenders themselves such as Klarna and Vyze — it’s a clear signal that the future of unsecured personal loans may not be delivered by banks.

The fintech, which translates foreign credit reports to help immigrants get loans, says it has raised millions from venture capital firms and celebrities like Alex Rodriguez and U2's The Edge because its product addresses important economic and social needs.

Unsecured debt – either closed-end or revolving – could be a bright spot as other loan categories slow, but new entrants and other factors could create challenges in the year ahead.

Depending on one's perspective, the surge in consumer borrowing is either a normal byproduct of a booming economy or a worrisome trend that portends a wave of delinquencies when the next downturn hits.

Emburse, a new consolidation of several corporate expense management platforms, now supports instant reconciliation of business expenses at the moment the transaction occurs.

Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening, though more regulatory steps will be required.

The agency's lawsuit against the Rhode Island company — the first involving a bank under Director Kathy Kraninger — has challenged assumptions about its approach to enforcement.

A new report from PSCU shows increases in spending levels and transaction volumes, along with a surge in mobile wallet usage during the holiday shopping season..

Companies that scored highest in this year’s Best Fintechs to Work For (a ranking compiled by our parent company, Arizent) go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data.