Credit

American Express Co. is dangling another lure to hook its small-business cardholders on social media as a promotional channel: $100 worth of Twitter advertising.

Two private equity investors have agreed to buy TransUnion Corp.

Ongoing economic turmoil in Europe has hit the card networks unevenly so far.

WASHINGTON–With its nonbank supervision program finally under way, the Consumer Financial Protection Bureau wants to bring debt collectors and consumer reporting firms under its oversight umbrella.

NEW YORK–Discover Financial Services, which is facing a government probe over its marketing of credit card insurance-like products, believes its relatively new practices will appease regulators, a top executive said here Feb. 16 at a Keefe, Bruyette & Woods conference on cards, payments and financial technology.

Banks in Malaysia have begun raising annual interest rates on their credit cards, something that has received partial favor even from the country’s deputy finance minister.

Betting on simplicity over razzle-dazzle digital-wallet features, Buck Inc. is making headway with a mobile e-commerce payment technology it claims goes a long way toward accomplishing what many mobile wallets aim to do.

For two years, Bill Johnson and his team at the retail partner cards division of Citigroup worked under a cloud of uncertainty. First came months of worry over how their parent would survive the financial crisis. Then, after a restructuring relegated the group to orphan status–it got shoved, together with the firm's other unwanted or distressed assets, into a new entity called Citi Holdings–it was time to worry about their own survival.

Pentagon Federal Credit Union has introduced another rewards credit card, the PenFed Platinum Rewards Card.

It took decades for American Express Co. to break into certain regions of Russia with basic credit cards, but just a few years after their introduction Amex is adding commercial and business cards to the mix.

Many small banks have never accepted that an exemption from the Durbin amendment will protect them from the measure's roughly 50% cut in debit interchange rates.

President Obama's January 4th recess appointment of Richard Cordray as head of the director of the Consumer Financial Protection Bureau has threatened to set-off a contentious legal challenge in an already polarized Congress.

As of Feb. 8, customers in China no longer may top up their Alipay accounts using credit cards, according to a notice Alipay distributed to its customers.

China UnionPay cardholders beginning in March may use their cards with online retailers based in Taiwan under an agreement the card organization reached on Feb. 8 with Taiwan’s National Credit Card Center, which is responsible for the interbank settlements of credit card transactions between card-issuing banks and retail merchants’ banks.

Several billion consumers and 35 million merchants worldwide take the enormous convenience and security of branded payment cards for granted.

Even two years ago, when the first U.S. financial institution committed to issuing secure chip cards, vendors said no one was lined up to follow. But times have quickly changed.

Bank of America customers in upstate New York were issued new debit and credit cards after a third-party breach possibly compromised their information.

Bankcard charge-offs rates are still riding near their lowest levels ever, but the wind is shifting slightly for private-label retail credit cards.

Visa Inc. may be seeing a slowdown in U.S. debit card sales-volume growth, but outside North America it is a different story.

Propelled by the completion of two international acquisitions and a major processing contract with Royal Dutch Shell’s European unit, fleet card provider Fleetcor Technologies Inc. on Feb. 8 reported sizable gains in fourth quarter revenue and income. The company also anticipates a boost in U.S. revenue this year from a deal with a provider of GPS tracking services.