Credit

You scratch my back, I'll scratch yours.

NerdWallet is predicting that in 2012 credit unions will focus primarily on pushing auto loans while banks put their efforts into shedding unprofitable customers.

How wide should credit card lenders open the gates to borrowers after slamming them shut during the recession when losses soared? It depends on their analytics.

Early next year, SBI Cards Pvt. Ltd. plans to send customized statements to help its credit cardholders to control their card-spending patterns by having more information.

A Northern Michigan gas-station owner wanted to give his cash-paying customers the freedom to fill their cars’ tanks first, then pay. But when dishonest drivers skipping the payment process became a problem, he decided to take a different approach.

After the sale of U.S. Central Federal Credit Union’s electronic banking services to Co-op Financial Services, National Credit Union Association on Dec.22 said it will move forward with plans for an orderly wind-down of the other U.S. Central services in 2012.

Call eBay Inc.'s new acquisition the German version of Bill Me Later.

What’s good for the goose is good for the gander when it comes to credit card portfolio sales these days.

Cobranded cards, which fell out of favor somewhat when the consumer losses soared during the recession, are poised for a rebound, if First National Bank of Omaha’s plans are any indication.

Bank of America Corp. on Dec. 21 sold $700 million in credit card assets to U.S. Bancorp in the struggling Charlotte, N.C., company’s latest effort to slim down.

India’s largest private credit card issuer ICICI Bank Ltd. has launched a credit card for its premium customers that includes two, separately branded cards linked to a single line of credit, the Mumbai-based bank announced Dec. 20.

Myriad payments companies this year created presence on such social media sites as Facebook and Twitter. But while it was important to roll with the times, the effort may not help to create long-term loyal customers.

The Thai government is providing credit cards to low-income taxi and passenger-van drivers affected by an increase in the price of the natural gas they use to fuel their vehicles.

Eastern Europe gets a bad rap when it comes to payment card data security, but the region does not experience considerably more hacking-attack incidents than do other parts of the world. But it is a main source of such incidents, an industry analyst contends.

New credit card account originations will increase in 2012, but both issuers and cardholders will be cautious, according to a forecast Moody’s Investors Service released Dec. 16.

A former Citigroup Inc. and JPMorgan Chase & Co. executive has joined edo Interactive Inc. as general manager to head its financial services team.

South Korean card networks have begun trimming cardholder benefits to offset the revenue reductions they will experience because of reduced merchant-transaction fees.

Prepaid debit cards that come with celebrity endorsements over the years have showed little staying power while whipping up storm clouds of controversy.

With no governing body regulating the payments industry in the United States, card data security for online service merchants can be an iffy proposition.

To encourage adoption of new security standards in the U.S., the most important tool is policy.