Credit

Merchants have never before had so many options for accepting cards, but a stubborn core that deals only in cash may never change its ways.

Elavon, a unit of U.S. Bancorp, is taking a different approach to mobile card acceptance by using a wireless card reader that is as big as the phone it pairs with.

Consumers are being more cautious in their use of credit cards — accounts are growing, and overall their balances are down 28% from their peak in January 2009, according to a new report from Equifax.

Many U.S. issuers and merchants aren't sold on signature-only EMV cards — they will most likely take the popular chip-and-PIN approach, but it will take time and it may be a patchwork affair at first.

Vantiv is offering Ingenico's new point of sale products in an effort to prepare the industry for the EMV chip-card standard and Near Field Communication technology.

U.S. credit card charge-offs ticked up in April, but Moody's Investors Service experts say it is merely an aberration in the general downward trend.

MasterCard is forming a cross-industry group to collaborate on U.S. EMV card migration, open to "every industry and entity" involved in chip cards — but Visa says it is still waiting for an invitation.

MasterCard today made the first move to begin talking with rivals and customers about how exactly the U.S. will adopt the EMV chip-card standard.

Credit unions must adjust soon to the impact of mobile payments, which can disrupt their revenue from traditional payment systems like credit and debit cards.

This story was updated from its original version.

India’s largest and most populous state of Uttar Pradesh plans to enable customers to pay their electricity bills online in hopes of providing a smoother experience and increase revenues.

More consumers are saying yes to new credit lines as lenders slightly loosen loan standards they cinched tight in the wake of the recession. But the market is unlikely to see a return to runaway credit card debt.

Cardlytics, which provides targeted offers to debit card users, is offering a similar technology designed for credit card portfolios, the company announced May 16.

Private-label credit card issuing still has plenty of room for growth, if Alliance Data Corp.'s recent wins among niche retailers are any indication.

A regional credit union in Florida burned a few years ago by high counterfeit card losses says it has cut its actual losses to one-third what they were before deploying a fraud-prevention service earlier this year.

ORLANDO–Banks want to strike gold again in payments, but they are still struggling to figure out which river to pan.

Some 15 years after the first EMV chip cards appeared, less than half of all payment cards worldwide conform to the EMV chip card standard, underscoring the slow, gradual speed EMV card deployments generally require.

Citigroup Inc. on May 15 rolled out its ninth cobranded rewards credit card with longtime card-issuing partner American Airlines Inc.

Canada’s Competition Bureau, an independent law-enforcement agency set up to ensure the country’s businesses and consumers are treated fairly, is seeking to remove some Visa Inc. and MasterCard Worldwide rules regarding merchants’ ability to offer alternatives to credit card use and interchange.

Concerns over the country’s slowing economy may be overstated, new payment card spending data suggest.