Credit

Are credit card portfolios poised to begin growing again?

Two of Korea’s leading card issuers are heading for a showdown in court over one of them allegedly copying the other's card products.

The Federal Trade Commission put a robocall operation out of the telemarketing business under a settlement resolving charges that the operation made more than 2 billion calls pitching a variety of products and services, including worthless extended auto warranties and credit card interest rate-reduction programs.

This is the third in a series that initially focused on JPMorgan Chase & Co.'s delinquent credit card collections operation. The second article can be viewed here.

Karen Stevens spent nearly $1,900 paying off delinquent credit card debt she owed Bank of America Corp. in 2006. She then spent another three years fending off demands from collection agencies that she repay the debt all over again.

This is an updated version of an article posted earlier on March 30.

Forced to choose between making a payment on their credit card, car or mortgage, more cash-strapped consumers are opting to keep their wheels and let the plastic slide.

India’s largest credit card issuer, SBI Cards Pvt. Ltd., has launched a cobranded card with an online travel-booking company in an attempt to corner a larger share of the travel-payments market.

With mobile-payment technology advancing seemingly at the speed of a mobile payment itself, one has to wonder how long it might be before consumers wouldn’t need, or even possess, plastic cards to conduct transactions.

Still mourning the demise of overdraft-fee income, smaller banks nevertheless are finding a variety of ways to compensate.

Visa Inc. scored a coup in persuading Kevin Knight, Nordstrom Inc.'s credit card czar, to oversee its credit and debit card products in North America.

Tough economic times are not dogging JPMorgan Chase & Co.'s upscale credit card customers, if the issuer's growing array of pricey credit cards is any indication.

Financial institutions in the Shazam electronic funds transfer network now may help their members with identity-theft recovery, a process that can be costly in both dollars and time.

Nordstrom Inc.'s credit card czar is joining Visa Inc.

China UnionPay and Shinhan Card Co. Ltd. have signed an agreement under which Shinhan Card will issue UnionPay credit cards in South Korea this year, the companies announced last week.

Voice-phishing scams were the cause of the most credit card disputes in the South Korean card market last year, according to a new report by Credit Finance Association of Korea.

Alliance Data Systems has renewed a long-term agreement to manage the private-label credit card program for luxury goods retailer Little Switzerland, the companies announced March 27.

Unobtrusive until now, a set of unrelated security requirements is about to become pretty unpopular, and costly.

India is working to widen the scope of its landmark Kisan credit card by making the product usable as a financial-inclusion tool in addition to its original purpose as a credit tool for farmers.

Life at Fiserv Inc., it seems, is good. And others increasingly are reaping the rewards.