Credit

KeyBank will soon get to test the power of years of investments to its operations and redesigns to rewards as it moves its credit card operation back under its own roof.

Starbucks announced today that it is investing $25 million in Square and will begin using Square's mobile payment technology in its stores.

Bank of America Merchant Services is launching a Web portal to allow its merchant clients to offer daily deals through search engines, social media sites and other online forums.

Former Bank of America executive Marc Gordon has been appointed executive vice president and chief information officer at American Express.

U.S. gasoline demand fell 0.9 percent last week as prices at the pump rose to a seven-week high, according to data from MasterCard.

Citigroup is doing away with its cobranded ExxonMobil MasterCard and on Aug. 31 will introduce a new private-label gas card whose name, the ExxonMobil Smart Card, could be a bit misleading to payments-industry insiders in that it is not an EMV chip-card.

U.S. Senator Richard Durbin said merchants should "think hard" before signing a $6.6 billion settlement with Visa, MasterCard and banks over credit-card fees.

As social media becomes a more important part of its marketing strategy, JPMorgan Chase lining up partnerships in the hopes of getting its upscale credit card users communicating more online.

GoPago's sales pitch is meant to make terminal manufacturers and independent sales organizations cringe: it is offering free hardware to support a cloud-based mobile payments system to small merchants, with no wiggle room on transaction fee pricing.

ViVOtech has sold its ViVOpay payment-hardware business, the company said Monday in a notice on its website.

MasterCard is asking the European Union's highest court to overturn an EU decision that the company's cross-border card fees breach antitrust rules.

Continuing its push to make it easier for consumers to make payments in their own country's currency while traveling, Planet Payment, Inc. has extended its Pay in Your Currency service to merchants in the United Arab Emirates.

No one affiliated with the Isis mobile payment initiative is saying exactly when the first testing in Salt Lake City and Austin, Texas will begin, but the venture is steadily tying its remaining loose ends.

Citigroup is selling another of its Diners Club card-issuing businesses, this time unloading its operation in the United Kingdom and the Republic of Ireland to Affiniture Cards, a UK-based private investor group.

Eileen Serra, a card executive for mass affluent and high-net-worth customers at JPMorgan Chase , has been appointed chief executive officer of its card services unit, the company announced Monday.

Authentication technology provider Natural Security SAS is preparing a global launch of its secure payment card system based on contactless smart card and biometrics technology.

Barclays' credit card operation might be a vast global business, but managing it amounts to overseeing a collection of smaller fiefdoms.

Google added a virtual card option to its mobile wallet this month, and it's far from the first company to realize that virtual accounts can work where conventional cards just don't cut it.

Hungary’s antitrust regulator confirmed that it’s investigating alleged abuses by MasterCard Inc. over the company’s dominant position on the interbank market.

Credit card portfolio sales this year have snapped back to a pace last seen before the recession took hold. Their prices are also rising.