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Fleet card provider FleetCor Technologies Inc.’s third-quarter results benefitted from its mergers-and-acquisitions strategy and its new universal card product, one analyst says.

HSBC Holdings PLC sought to assure the markets Nov. 9 that modest troubles collecting from borrowers last quarter have not disrupted the pending sale of its U.S. credit cards to Capital One Financial Corp.

Near the end of the Federal Reserve Bank of Chicago’s one-day payments symposium Sept. 26, Wal-Mart Stores Inc.’s Jamie Henry posed a question that had yet to be answered during the previous eight hours.

American Express Co. and vente-privee.com have launched a joint venture website featuring member-only sales of luxury goods from European and American designers, the companies announced Nov. 9.

Philadelphia Federal Credit Union has signed with U.S. Bancorp’s Elan Financial Services for credit union-branded Visa credit cards with reward options for consumers and businesses, the financial institution announced Nov. 9.

Fleet card provider Fleetcor Technologies Inc. on Nov. 9 reported third quarter net revenues of $134.2 million, up 20.1% from $111.7 million during the same period ended Sept. 30 last year. Net income was up 21.3%, to $40.5 million from $33.4 million.

A group of U.S. senators on Nov. 9 introduced legislation that would allow states to cap credit card interest rates, which they say are riding at “extortion” rates for some consumers.

Total consumer credit card borrowing dipped slightly in September while lenders’ credit card underwriting criteria remained in a holding pattern, according to new data the Federal Reserve Board released Nov. 7.

Indonesia’s central bank plans to place stricter limits on credit card issuance to reduce rising consumer card debt in the country.

E-commerce provider Alibaba Group Ltd. reportedly is preparing to expand access to it Alipay online-payments platform to countries outside of China within the next three months.

Chase Card Services is offering an online invoicing and cash-management system for small-business customers using its Ink product, the unit of JPMorgan Chase & Co. announced Nov. 8

Visa Inc. has launched a new marketing campaign in support of its “You and 10 Super Bowl Sweepstakes” that takes more direct aim at consumers through strategic integration with social media websites.

LAS VEGAS—Established payment card networks are well-positioned to continue generating profits over the long haul, as long as they continue adapting to changing payments technology, a panel of investment industry analysts told attendees Nov. 3 at the ATM, Debit & Prepaid Forum. But Near Field Communication-based mobile payments and mobile wallets might fall short of expectations, the analysts suggested.

Square Inc. continues to secure investors, and the latest one is bringing a lance to the table.

Discover Financial Services dropping the foreign-currency fee on its cards, the card issuer announced Nov. 8.

Bank of America Corp. is the second major card issuer to buck a recent smart card trend by structuring its EMV cards for U.S. commercial cardholders traveling abroad with chip-and-PIN technology instead of chip-and-signature.

American Express Co. is setting aside $100 million to partner with Silicon Valley startups.

Bank Kerjasama Rakyat Malaysia Bhd. has launched a credit card balance-transfer scheme that will enable its cardholders to clear the debt they have with other banks and service it with a lower interest rate, the Kuala Lumpur-based issuer announced Nov. 3

Two Chicago Bears football players this week plan to work with Visa Inc. to help teach some Chicago-area students about managing finances.

The global point-of-sale payment terminal market is enjoying a technology boom as manufacturers peering just over the horizon see rampant demand for in-store devices that can accommodate both contactless payments and card transactions authenticated by EMV chip-and-PIN security protocols.