Credit

An issuer's decision to deploy EMV chip-and-signature credit cards in the U.S., rather than the chip-and-PIN model common in other countries, has as much to do with technology constraints as it does with Americans' reluctance to using a PIN.

Corporate payment provider WEX has entered into an agreement to acquire Evolution1 for $532.5 million in cash.

Chinese restaurant chain P.F. Chang's has confirmed that the data breach it discovered Tuesday involved the theft of credit and debit cards.

The number of U.K. credit cards with balances that are over-limit reached its lowest point in more than two years, according to data from Fair Isaac Corp. (FICO).

PayPal is rebranding its Bill Me Later instant credit product to PayPal Credit.

By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip-and-signature will be preferred by issuers out of the gate, according to a recent survey.

Affirm Inc. has raised $45 million to help it target consumers looking for new credit tools to make purchases online, Chief Executive Officer Max Levchin said at Bloomberg's Next Big Thing Summit.

Wallaby Financial and CreditCards.com are offering a new Web app that recommends payment cards and rewards programs based partly in how consumers make payments.

Sam's Club plans to launch a cash back program for a new co-branded MasterCard that will also leverage EMV-chip technology, providing some much-needed momentum for the EMV migration in the U.S.

When Shell introduced its Shell MasterCard through issuer Chemical Bank in 1994, it used the simple message of "The Card That Earns Free Gasoline," which convinced more than 1 million consumers to sign up.

Square, which built its business on the simplicity of its plug-in payment device, is piling on services that should make banks and other companies take notice.

Square has launched Square Capital, a credit program for small business, joining a growing number of companies breaking into small-business lending.

The fleet card provider WEX Inc. has extended its contract to provide private-label and fleet card services for Phillips 66.

Five years after the enactment of major reforms to the U.S. credit-card market, industry opposition has quietly faded into acceptance. Bankers certainly aren't celebrating the 2009 legislation, but they're not condemning it, either.

Zipremit is planning a service that will enable merchants to accept payments and extend credit to consumers who don't want to use a credit card account.

First Bankcard, a division of First National Bank of Omaha, is partnering with the deals delivery company Swagbucks to implement a rewards program for its credit and secured credit card programs.

BMO's changes to how it organizes treasury and corporate payments can help it streamline client sales and payments product bundling.

European companies aren't using credit cards much for payments, which may give Wells Fargo a chance to establish a presence as a corporate issuer.

Wells Fargo and American Express launched two new credit card products on Tuesday.

American Express Co. is ready for its new small business program, OptBlue, to take the spotlight after several months of testing and a soft launch with acquirers.