Credit

The top South Korean financial-services regulator has a hit a roadblock in its process of phasing out the magnetic stripe in credit cards and replacing it with a smart chip.

WASHINGTON–The Consumer Financial Protection Bureau has hit its stride on consumer complaints.

U.S. Bancorp is offering a new Apple Inc. iPad app that will allow stores to offer instant credit to customers.

Barclaycard US is courting customers who are frustrated by hidden bank charges with a credit card that lays bare not only its fees but also its profitability for the issuer.

WASHINGTON–The American Bankers Association on March 5 unveiled a task force to develop strategies to ensure an efficient payments market.

LAS VEGAS–The number of EMV payment smart cards shipped worldwide passed the 1 billion mark in 2011, the Smart Payment Association announced here March 5 at the inaugural Cartes in North America Expo & Conference.

Plastic cards likely aren’t going away anytime soon, so some card networks and issuers are creating ways to make cards more valuable to consumers, such as by enabling them to provide access to multiple accounts.

American Express Co. has added Japan to the markets where it provides corporate employee expense-reporting services in conjunction with Concur Technologies Inc., the card brand announced March 1.

Credit card portfolio premiums are on the rise as demand begins to increase with improving economic conditions.

Looking to further diversify its income channels, Al Ansari Exchange Ltd. has signed an agreement to accept payments from National Bank of Abu Dhabi’s credit cardholders, the exchange house announced earlier this week.

The expanding array of EMV cards available to U.S. cardholders now includes the first cobranded hotel card equipped with a chip to make overseas travel easier.

American Express Co. announced Feb. 28 a new Facebook application that allows the social network's users to send and receive funds.

Barclaycard is becoming a force to be reckoned with in the U.S. cobranded card arena.

Americans are feeling more positive about the use of credit cards, and credit card issuers are responding with increased direct-mail efforts aimed at younger and more fiscally responsible consumers, new data show.

Barclaycard US today announced it has inked a deal to acquire the $1.3 billion Sallie Mae and Upromise cobranded credit card portfolio, the latest in a series of card portfolios Bank of America Corp. is shedding.

JPMorgan Chase & Co. has chosen digital security provider Gemalto NV to protect and support delivery of data in Chase’s mobile-payment program, Chase announced Feb. 27.

Target Corp.’s credit card portfolio may be gaining appeal to potential buyers the longer it remains off the auction block in one very specific respect: credit performance.

Details trickling out about new monthly network-participation fees Visa Inc. and MasterCard Worldwide plan to charge merchant acquirers hint at complex negotiations going on behind the scenes.

A move to revise the Credit Finance Business Act and allow South Korea’s financial regulator to set the commission rates card firms collect from merchants has met with strong opposition.

The relative elegance and ease of using one credit card issuer’s website versus another’s is an increasingly crucial factor in the fierce competition among large issuers.