Credit

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.

The tide continues to shift in favor of the payments industry in the United Kingdom’s battle against card fraud.

FleetCor Technologies Inc. has signed agreements to expand its emerging markets coverage by acquiring the Mexican assets of NovoPayment Inc.'s subsidiaries Tebca and Servitebca, the fleet card provider announced March 12.

If Bank of America Merrill Lynch expects to continue its scheduled distribution of chip-and-PIN smart cards to commercial clients in the United States, it intends to provide a significant amount of education to those clients about how the card works overseas.

Discover Financial Services is partnering with the National Payments Corp. of India, part of the company’s ongoing effort to increase card acceptance abroad by teaming with local networks.

LAS VEGAS–The U.S. may look like a ripe field of opportunity to some international vendors of EMV card technology and related services as the world’s largest remaining magnetic stripe card market slowly begins a five-year conversion to chip technology.

Almost a year after credit card loans hit bottom, banks have given little slack in credit lines.

Some eight out of 10 adults in South Korea own at least one credit card, highlighting the saturation in the country’s card market, new survey data suggest.

LAS VEGAS–The relatively late timing of the U.S. move to adopt the EMV smart card technology means it could dodge some of the headaches other countries experienced in shifting to EMV.

American Express Co. and Twitter on March 6 announced a partnership that should help Amex glean a wealth of information about its customers and likely customer prospects. It also should help strengthen merchant relationships and get Amex’s cardholders to speak up for its brand, creating what’s called in social media-speak “promoters” through the lure of coupons.

Merrill Halpern received an “unexpected benefit” when traveling recently in Europe without an EMV smart card in his wallet. He got a free cup of coffee from a coffee shop employee who felt sorry for him because she couldn’t initiate the transaction on her terminal with just Halpern’s signature.