Credit

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.

ORLANDO–If the annual Card Forum and Expo staged here last week were a car on a family trip, attendees played the roles of restless kids in the backseat asking, “Are we there yet?”

ORLANDO–Credit and debit sales volumes have been crisscrossing over the past 17 months, but without an obvious explanation.

ORLANDO — Financial institutions are going toe-to-toe to win business from the best customers, and the fight is getting downright dangerous.

ORLANDO —Speed was of the essence when daily deals provider LivingSocial and JPMorgan Chase & Co. last year decided to collaborate on a Visa-branded credit card that would be the first in the "deals" market.

ORLANDO – Some bankers and credit card executives see mobile payments as a threat to their future profits, but Citigroup Inc.'s Bill Johnson is more worried about the impact on retailers.

India’s credit card market continues to improve as delinquency rates fall and outstanding balances rise four years after the global recession began to hurt its performance.

China's credit card purchase volume surged by nearly 50% last year as more online merchants began accepting credit cards, but fraud is also on the rise.

If present trends continue, the stars may be aligning for a gradual return to profitability for U.S. credit card issuers.

The Russian credit card market grew to 422.9 billion rubles (US $13.4 billion) in receivables in the first quarter of this year, up 79% from 235.8 million rubles during the same period last year, with more than 14.5 million credit cards in circulation, according to a new research report released late last month by Russia’s Tinkoff Credit Systems bank.

Visa Inc. lost a lot of its swagger when it revealed anemic debit card purchase-volume growth during the quarter ended March 31, plus the implications of a troubling Department of Justice investigation into the network's debit card policies that have irked merchants.