Credit

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.

Cardholders in Oman soon may be receiving EMV chip-and-PIN debit and credit cards to replace their magnetic stripe cards under a proposal from the country’s central bank.

Bank of Ayudhya Ltd. is looking to capture a much greater share of the Thai credit card market following its recent acquisition of HSBC’s Thailand operations.

Bankers might still be waiting for Discover Financial Services to mount a credible challenge to meganetworks Visa Inc. and MasterCard Worldwide, but the smaller credit card company has been frying other fish in the meantime.

Credit unions and community banks served by The Members Group now have access to a fraud-prevention tool that adds flexibility for them and a more hassle-free experience for their cardholders.

The chief executive of Discover Financial Services is facing new regulatory challenges and has struggled to grow the network business. But he says his efforts to be “almost as good as MasterCard and Visa” seem to be working.

A federal judge Wilmington, Del., has agreed to separate patent-infringement claims against a group of technology vendors and credit unions regarding a patent for card-customization technology and send them to different courts, creating three different venues for patent holder Serverside Group to pursue its claims.

Americans across the country continue to slash away at their credit card debt, but a return to card borrowing may be around the corner.

Alliance Data Systems Corp. has renewed an agreement to provide private-label credit card services to clothing retailer The Buckle Inc.

To calm consumer fears about having card-account numbers stolen wirelessly, the University of Pittsburgh has developed a way to switch contactless cards off automatically when they are not in use.

NEW YORK–Litigation over controversial credit card interchange fees is likely to end in a settlement in favor of merchants, but members of the industry are still debating the size and conditions of the pact, according to a viewpoint consensus from a panel discussion this week.