Credit

Litigation fears may impede industry support for shorter credit card term agreements, even though most issuers agree reducing the amount of text is a nice idea, legal experts say.

Next year could be a “transition” year in which consumer deleveraging slows significantly and borrowing improves, spurring credit card market growth.

Despite new limits on debit card interchange, the price of Slurpees has stubbornly remained the same, according to a survey completed by the payments industry’s lobbying group.

Executives from merchant-funded rewards companies dislike the title attached to the service they provide.

NEW YORK–It is a brave new world for retail bankers, who are struggling to mend their reputations and relationships with their increasingly disgruntled customers.

American Express Co. has seen strong growth in Asia and is continuing to find partners for its global network services unit, which processes credit card transactions for banks.

WASHINGTON–Key congressional backers of a 2009 law that strengthened consumer protections for credit card users are now concerned that the Federal Reserve Board has gone too far with regulations that could restrict credit to stay-at-home mothers.

U.S. consumer credit card balances rose slightly in October, which could be a harbinger of heavier credit card use over the holidays, one expert suggests.

Barclaycard plans to issue contactless corporate cards to all of its United Kingdom-based customers beginning this month in what appears to be the first example of broad contactless commercial card distribution, observers say.

Many merchant-funded rewards companies try to entice bank credit or debit card holders with offers in their online statements. Two vendors are teaming up to bring those offers to the broader Web.

U.S. credit card delinquency rates, riding at their lowest levels in 17 years, likely will decline further next year as consumers continue to make on-time payments and maintain relatively low account balances, according to a new forecast TransUnion LLC released Dec. 7.

Getting businesses to adopt electronic payments has been frustrating for banks, which still face high use of paper checks and exceptions.

WASHINGTON–The Consumer Financial Protection Bureau on Dec.. 7 unveiled a prototype for a simplified credit card agreement, the latest in a series of initiatives aimed at improving financial disclosures.

The affluent-consumer market has been a hotbed of card-marketing activity as more issuers seek to acquire the most-lucrative and lowest-risk customers. Perennial powerhouse American Express Co. is responding to the heightened competition for its traditionally targeted audience with an ad campaign that highlights the benefits of being an Amex cardholder.

Phishing is old news, which is part of why it is so dangerous today.

The trend of U.S. credit cardholders putting credit card payments ahead of mortgage payments that began in early 2008 shows no sign of abating in the immediate future even as the economy gradually improves, a team of TransUnion LLC analysts contends.

The battle between insurance firms and credit card networks in South Korea has intensified as both sides refuse to back down from their respective positions on the issue of card-related fees, opening the door to potential regulatory intervention.

Western Union Co. has launched its Small Business Payments service, the company announced Dec. 6.

In a departure from the regular approach toward card-unit acquisitions in India, Standard Chartered Bank India Pvt. Ltd. plans to buy just half of Barclays Bank India Pvt. Ltd.’s beleaguered card portfolio.

Only two credit unions sold their credit card portfolios in the third quarter, recently released data show.