Credit

JPMorgan Chase & Co. is working with LivingSocial, a daily-deals provider that competes with Groupon, to provide a credit card that rewards consumers for the money they spend on discounts.

BALTIMORE–Two large merchants here at NACHA’s Payments 2012 conference expressed decidedly negative views toward the U.S. path to EMV chip card adoption.

WASHINGTON–When the Consumer Financial Protection Bureau recently announced it planned to scale back proposed limits on credit card fees, consumer groups and some in the media immediately criticized it.

Malaysia’s CIMB Bank Bhd. has launched an invitation-only credit card targeting high-net-worth individuals to increase its market share in the country’s premium card market.

This article has been updated from its original version.

Twitter and Facebook audiences are tough nuts to crack, but the toughest of all can be found at www.youtube.com.

Australia’s corporate regulator has forced two of the country’s banks to overhaul campaigns designed to get customers to increase their credit card limits.

When most major banks reach the end of the road in their efforts to collect on defaulted credit card accounts, they often sell rights to the soured loans to debt collectors for pennies on the dollar. Those pennies can add up to tens of millions in dollars in revenue for a large card issuer, but American Express Co. and USAA Federal Savings Bank have long left that money on the table.

In the interval before the U.S. broadly adopts the EMV chip card standard or devises more-secure online card-payment technologies, certain vendors are hoping to make some hay.

WASHINGTON–The Consumer Financial Protection Bureau is seeking input for a study that could pave the way for new limits on consumer arbitration clauses.

As banks, card issuers, processors, terminal makers and others involved in electronic transactions are well aware, many new software engineers would rather work for Google Inc. or a hot new start-up than enter the payments or banking industries.

Be it through acquisitions, marketing or customer service, you've got to spend money to make money.

Can card issuers heave a sigh of relief that consumers are returning to pre-recession spending patterns on credit and debit cards?

Smaller payment card issuers would provide the strongest data security and enable their customers to shop anywhere in the world by opting to add chip-and-PIN EMV technology to their magnetic stripe cards as the U.S. moves toward full smart card adoption, a new report suggests.

Capital One Financial Corp. set aside an additional $75 million in its reserve in the first quarter, saying some of its salespeople did not adhere to its practices in trying to sell additional products to credit card customers.

Capital One Financial Corp.'s profit from U.S. and international credit cards declined during the first quarter but purchase volume rose sharply, the company said April 19.

Bank of America Corp. has more work to do in refining its credit card operations, but the issuer’s first-quarter earnings suggest purchase volume and new-account growth is moving in the right direction.

Citing a number of “unusual items” in Fifth Third Bancorp’s first-quarter earnings report, Dan Poston, the bank’s chief financial officer, assured industry analysts the quarter was “not as noisy as it might seem.”

American Express Co.'s affluent base of cardholders apparently felt pretty confident about the economy, driving strong growth in card purchases that helped to produce record first-quarter profits for the card company.

South Korea’s financial regulators have issued new rules to govern credit card issuance to stem what many experts say is a vulnerable card market.