Credit

In many homes, the mom is in charge of the household finances because she often makes most of the spending decisions while caring for her children.

Banks are combating fraud with technology on a number of fronts, according to a Novarica study released this week.

Visa Inc. on Oct. 24 reported fiscal fourth-quarter net income of $880 million, up 13.7% from $774 million a year ago. Operating revenue for the quarter ended Sept. 30 rose 14.3% to $2.4 billion from $2.1 billion.

Helped by strong transaction growth across all sectors, transaction processor Euronet Worldwide Inc. reported a healthy increase in third quarter revenue and positive adjusted cash earnings, the transaction processor announced Oct. 26.

CHICAGO–Google Inc., Isis and PayPal Inc. each are attempting to position their mobile wallets as the one consumers will prefer to use on their smartphones.

The nation’s largest credit card issuers in September reported significantly fewer charge-offs than a month earlier, driving the average bankcard charge-off rate to its lowest level since 2007, according to new data Moody’s Investors Service released Oct. 26.

JPMorgan Chase & Co. is upping the ante in the competition for travel-related credit card rewards by offering one-to-one points transfers with the newly combined United Airlines/Continental Airlines mileage program.

Banks that stopped issuing credit cards during the recession are showing renewed interest in getting back into the business, signaling a positive trend that could bode well for payments processors next year, contends the top executive at Total Systems Services Inc., or TSYS.

Banks are starting to take a three-pronged approach to the technology gap that exists between them and their small business clients: remote deposit capture, social media and, in the case of Citizens Financial Group, corporate spend controls.

Credit cardholders in the United Kingdom generally are uninspired by balance-transfer offers trying to lure them into obtaining new cards, instead preferring security and rewards pitches, the results of a recent cards industry study suggest.

Taking mobile payments to new heights, MasterCard Worldwide soon will conduct a test of contactless-based payments at 30,000 feet, enabling passengers to purchase refreshments using its contactless PayPass technology aboard planes from WestJet, a Calgary, Alberta-based airline.

CHICAGO–The mobile-commerce market is littered with various wallet models, acceptance devices and applications, and this is forcing merchant-service providers to seek out ways to bring the elements together to help retailers maximize the channel’s potential, notes one mobile-payments executive.

TD Retail Card Services will issue credit cards on behalf of outdoor power equipment manufacturer Cub Cadet, the retail card issuer announced Oct. 24.

Citigroup Inc. has reached an agreement with Sears Holdings Corp. to continue issuing private-label credit cards for the retailer and its core brands, which include Sears, Kmart and Lands’ End, the companies announced Oct. 25.

Australian consumers plan to reduce their use of credit cards for holiday shopping and instead will rely on their own savings to pay, new survey data suggest.

The recent spate of credit card portfolio sales is helping boost more than just the buyers and seller. The behind-the-scenes players are seeing potential opportunities, too.

All South Korean point-of-sale terminals now accept China UnionPay cards through a deal with South Korea’s BC Card Co., the companies announced Oct. 21.

ZAO Citibank has launched a free service that enables Moscow residents to pay their city real-estate, telephone and energy bills automatically by billing to their Citibank debit or credit card accounts, the Moscow-based company announced Oct. 17.

Accepting card payments with a mobile phone is becoming as American as baseball and apple pie now that Wal-Mart Stores Inc. is selling the Square Inc. reader that turns any smartphone into a card-acceptance device.

Travelex Global Business Payments Inc. is using new software to offer an online payment program designed to save U.S. universities time and money by eliminating manual tracking when various exchange fees cause an international student’s payments to be less than what is owed, the Washington, D.C.-based company announced Oct. 13.