Credit

JPMorgan Chase agreed to pay $100 million to settle credit-card holder claims that the bank increased their required minimum payments after promising a fixed interest rate.

Mobile wallet rivals will need to put their differences aside and work together to get the technology off the ground, a recent paper says.

Wal-Mart said that it takes issue with the multi-billion dollar swipe-fee settlement the card networks proposed this month.

U.S. Bancorp has begun offering corporate clients the ability to use virtual account numbers to handle travel expenses.

As smartphones with Near Field Communication become more common, the global market for NFC payments will grow to exceed $180 billion by 2017, a nearly eight-fold increase from $23 billion this year, a new report projects.

Bank of America began offering EMV chip technology for many of its consumer credit cards. It already offers chip-based cards to corporate and commercial customers in the U.S. and Europe.

Isis is seeking independent sales organizations to promote mobile payments to merchants in a test of its mobile wallet this year in Salt Lake City and Austin, Texas.

Citigroup has developed another perk-laden credit card, in the latest big-bank effort to poach some of American Express's wealthy, high-spending customers.

Discover Financial Services is launching additional perks to its flagship credit card under the Discover It tagline in a test involving about 10% of the U.S. market, including Chicago.

Many high-tech approaches to payments are short-lived. A lucky few get a second chance to disrupt the market.

Security and compliance are still daunting issues for merchants. Phoenix Managed Networks hopes to ease this pain by offering its network security product to "hundreds of thousands" of merchants through a new partnership with Sysnet Global Solutions.

Developing a mobile wallet for consumers is one thing. Getting those consumers interested and educated about how the wallet works and why they should use phones for payments is an entirely different matter.

The several thousand visitors enjoying Hersheypark this summer can pay for everything they do at the amusement and water park with a flick of the wrist.

Though not a party in the merchants’ dispute over the interchange polices of Visa Inc. and MasterCard Worldwide, American Express Co. plans to watch how merchants react to being able to surcharge under a proposed settlement reached last week.

After a long absence, Bank of America Corp. is bringing its U.S. consumer credit card portfolio back to the processor Total System Services Inc.

Google's decision to add Google Wallet to its new Nexus 7 tablet could break the limitations its mobile payment system has faced in reaching consumers. 

Higher cardmember spending and a rise in net interest income, driven primarily by the growth in card loans, helped boost second quarter revenues for the U.S. Card Services unit at American Express Co., the card brand announced July 18.

The Consumer Financial Protection Bureau issued its first enforcement action Wednesday, ordering Capital One Bank N.A. to pay $165 million for what the agency described as deceptive marketing tactics related to various credit card products.

PayPal's decision to buy its mobile-pay tech partner Card.io sheds light on how the smaller company's technology is shaping the world of mobile payments.

U.S. Bancorp executives view the issuer's portion of the proposed $7.25 billion swipe-fee settlement, which some merchants are fighting, as an expense already incurred.