Credit

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.

Only about 7% of the adults in low-income economies are likely to have credit cards, whereas in developing counties almost 50% of adults may have them, new research suggests.

Nebo Djurdjevic figures recent developments affecting the cost of doing business in the U.S. payments industry have opened a door for his software company.

Cross-border spending and a healthier U.S. credit card market helped boost Visa Inc.’s fiscal second-quarter earnings, the card brand announced May 2.

MasterCard Worldwide says it’s gaining U.S. debit card market share, and it’s not being quiet about it. And why not? It’s been stuck hovering between a 20% and 25% share for a very long time.

The payment-protection insurance scandal of the past few years in the United Kingdom generated a number of important industry lessons, particularly the need for better reaction to consumer feedback, quicker attention to fixes recommended by regulators, and a more-focused attention to detail when selling policies, a London-based analyst tells PaymentsSource.

Fleet card provider Wright Express’ execution of a multipronged strategy for revenue growth paid dividends with significant boosts in first-quarter revenues and profit. Investors, however, didn’t seem impressed.

Continued transaction-processing growth and an improved capability to process debit card transactions in the United States helped to boost MasterCard Worldwide’s first quarter earnings.

China UnionPay has extended its overseas credit card emergency cash-assistance service to 20 countries and regions, a spokesperson for the card organization tells PaymentsSource.