Credit

Getting payment cards operating under a Single Euro Payments Area framework is the next big hurdle facing those seeking a common system in Europe.

Square Inc. has received an investment from Victory Park Capital that it says will allow the company to significantly expand its Square Capital business financing program.

The paper check has received another death knell, as it is being eliminated as a redemption option in JPMorgan Chase's Ultimate Rewards Program as the issuer encourages more consumers to request statement credits instead.

Even if it pushes the bank past the October 2015 deadline for EMV-chip card adoption, BMO plans to stick with its magnetic-stripe cards until each one reaches its natural expiration date.

Fleet card provider FleetCor's planning a major push into B2B electronic payments, and hopes to get a substantial boost from its planned $3.45 billion acquisition of Comdata.

Fair Isaac Co. revealed Thursday that its revamped credit score model will not weigh medical debt as heavily as previous versions, a key change given that medical debt accounts for nearly half of all unpaid collections on consumers' credit reports.

Metrobank Card Corp. in the Philippines has signed an agreement to license the latest version of Total System Services' (TSYS) payment processing platform.

WEX Inc. is working to finalize several key acquisitions to bring the corporate payments provider into new markets.

The Justice Department's legal case against American Express will not benefit consumers and will weaken competition, said Jeff Campbell, executive vice president and CFO of American Express.

BJ's Wholesale Club is planning to convert its co-branded credit card program to chip-enabled MasterCards.

The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats.

Discover Financial Services reported a rise in quarterly profits on strong growth in its loan portfolio.

WEX, a corporate payments company, has closed its acquisition of Evolution1, a Fargo-based firm that produces software to manage health care transactions.

Affirm, which launched in early 2013 with a product that resembles a digital version of a charge card, is making its payment schedules more flexible in an effort to attract more merchants and consumers.

American Express’ network rules have deterred Discover from using lower interchange rates to lure more merchants, a high-ranking Discover executive testified in federal court July 10.

Tim Hortons and the Canadian Imperial Bank of Commerce have begun offering an interactive credit card that can change its funding source at the push of a button.

Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.

The long-awaited rebound in credit card loans has arrived, fueled by looser credit standards and a larger appetite for debt among U.S. households.

Nearly 20% of consumers worldwide lack confidence that their banks can protect them from payment card fraud, yet nearly half do things that potentially expose them to fraud, new research says.

Online payments and electronic wallet provider Payza has added two features to its eWallet: Credit Card Top Up and Credit Card Withdrawal.