Credit

Continuing a trend in which India’s card issuers targeting relatively low-risk, high-spend consumers, ICICI Bank Ltd. on March 21 launched another credit card targeting the country’s wealthy.

Industry debates centering on the eventual U.S. conversion to EMV smart card acceptance at point-of-sale terminals have taken on several layers.

In a move to open the e-commerce market between Taiwan and China, Taipei-based E. Sun Commercial Bank Ltd. has entered into a partnership with Alipay Inc., China’s leading online payment service provider.

Incidents of U.S. corporate-payment fraud are declining as more companies shift to using electronic channels from paper, but criminals are getting craftier.

Venture Rewards from Capital One Financial Corp. and Discover Financial Services’ Escape represent the top travel rewards cards, a new report suggests.

Citigroup Inc. has reached a long-term agreement to provide credit card services for the retailer coalition BrandSource.

Premier Health Exchange Inc. has formed a business division to deliver electronic payments to health care providers upon settlement of valid and payable medical claims and reconciliation, the provider of health care cost management services announced March 19.

When Discover Financial Services last week announced its EMV smart card conversion timetable for the United States, it again stoked debate over whether card networks and issuers should embrace the chip-and-PIN or chip-and-signature formats.

Delivering the perfect marketing pitch via mobile or Web at the point of sale is one of the primary upselling goals of mobile banking, one which requires sales pitches and marketing campaigns to be delivered faster, and with more user-appropriate content.

The Members Group has developed a new tool designed to simplify card portfolio analysis.

First Gulf Bank Ltd. recently launched a new discount-fee credit card rate plan for United Arab Emirates residents designed to expand bank-account relationships by moving cardholders’ savings from using the card into a separate bank account.

This is the second in a series on JPMorgan Chase's delinquent credit card collections operation. The first article can be viewed here. Further coverage will follow.

Discover Financial Services was operating from a “luxurious position,” as one industry analyst describes it, when it came to revealing a timetable and requirements for acquirers and direct-connect merchants to accept EMV smartcard payments in the United States.

The nation’s three largest issuers may not be giving much slack on credit card lines, but some midsize lenders are.

If Discover’s first-ever credit card issued outside the U.S. is a hit in Ecuador, watch for the company to expand further in other emerging-economy countries, including in Latin America.

Incidents of credit card fraud in India last year dropped dramatically from two years ago, driven by better card-security measures deployed by banks, new data show.

Until the mid 1980s, most fraud went undiagnosed or misreported. The debate today seems to be whether the increasing digital landscape ends up increasing or decreasing fraud overall.

An internal review by JPMorgan Chase & Co. identified procedural issues related to collections, but the issuer on March 13 defended the overall integrity of its recordkeeping.

As borrower delinquencies rose, TransUnion LLC's Credit Risk Index increased 2.3%, to 123.36 in last year’s fourth quarter from the previous quarter.

This is the first article in a series that will look at what allegedly went wrong in JPMorgan Chase & Co.'s credit card litigation operation–and how those missteps could roil the banking and debt collection industries.