Credit

Google Inc. will not officially acknowledged it and AT&T Inc. declines to comment, but mobile-device, search-engine and payments observers on Feb. 3 were abuzz over a report that AT&T subscribers with Android-powered Galaxy Nexus smartphones equipped with Near Field Communication chips and an AT&T SIM card now may download the Google Wallet.

For a product claiming to protect consumers from unforeseen misfortunes, banks' credit card payment-protection plans have made plenty of enemies. A federal probe could give those opponents the upper hand for the first time.

Datacard Group has made an investment in DeviceFidelity Inc., the maker of instant card-issuance technology announced Feb. 6.

The Durbin amendment to the Dodd-Frank law has sapped debit card revenue, but swipe fees are contributing a growing share of earnings at large credit card businesses.

A new service from Visa Inc. will help issuing banks get a security boost from chip cards without the costly and time-consuming technology investments that normally would be required.

Hammering the final nail in what can be called Barclays Bank’s credit card misadventure in India, Mumbai-based Kotak Mahindra Bank Ltd. has acquired the nonperforming card portfolio of the British bank, a source within Kotak Mahindra tell PaymentsSource tells PaymentsSource.

The results of diverse strategic initiatives around the world helped buoy MasterCard Worldwide’s overall processed transactions during last year’s fourth quarter.

Credit cardholders across the United Arab Emirates received some relief Jan. 31 when the country’s central bank announced a cap on the annual interest rates card issuers in that country can charge.

This is an updated version of a story posted earlier.

HSBC Corp. Ltd. is working with MakeMyTrip, one of India’s major travel booking sites, to launch a cobranded credit card targeting India’s consumers who frequently travel, the issuer announced Jan. 30.

Healthy growth in consumer credit card spending helped Alliance Data Systems Corp. on Feb. 2 to report significant increases in fourth-quarter revenue and net income.

Buoyed by the improving global economy and strong growth in processed transactions, MasterCard Worldwide on Feb. 2 reported fourth quarter net revenue of $1.73 billion, up 20.1% compared with $1.44 billion the same period a year earlier.

By joining a new anti-phishing coalition this week, Bank of America Corp. is maintaining a leadership position it has held for several years in the battle against cyberthieves who target online and mobile-banking users. But this is one small step and the battle is by no means over.

Recoveries against bad loans have become a major source of cash for credit card issuers, and hence an increasingly important factor in the industry’s return to pre-recession loss rates.

“Feeding coins in the parking meter” may become a phrase associated with days of payments past, especially if PayByPhone Inc. continues to develop a mobile-payment method for consumers using parking spaces.

Consumers yearning to track and analyze their credit card spending to the smallest degree with graphs, comparisons with past months and even with their peers are in luck.

GE Capital's deal to purchase the card assets of Toys "R" Us from JPMorgan Chase & Co.? Get used to it.

MasterCard Worldwide didn’t come right out and say it, but the card brand is encouraging U.S. issuers and merchants to embrace chip-and-PIN technology as part of a migration to the EMV smart card security standard in the next three years.

The video-game industry is amping up its defenses after hackers penetrated numerous payments systems last year.

Identity security and mobile payments are driving merger-and-acquisition activity in the payments industry as large companies strive to keep up with each other and the latest technology.