Credit

Bank of China Ltd. will offer American Express-branded credit cards to its private-banking customers, the two companies announced Oct. 26.

A U.S. district court halted a collection operation that allegedly deceived and abused consumers, including making bogus threats that consumers had been sued or could be arrested over debts they often did not owe.

A U.S. district court, responding to charges by the Federal Trade Commission, found a credit repair seller in contempt for violating a previous court order that required him to stop promoting worthless credit repair products and services to consumers.

Heartland Payment Systems reported favorable third-quarter earnings Oct. 27, but it is still too early to tell if its “Durbin Dollars” promotion is paying off, an analyst says.

Linkable Networks Inc. is putting a new spin on merchant-funded rewards with a system that enables consumers to link retail offers they see in various advertisements online, in print and on television directly to a credit or debit card account.

Bracing for the loss of some debit transactions as a result of new Federal Reserve rules requiring debit cards to carry at least two card network brands, Visa Inc. next year plans to ramp up a series of incentives for merchants and acquirers, Joe Saunders, Visa chairman and CEO, told analysts Oct. 26.

Singapore's Infocomm Development Authority has put together an industry group to develop a system under which consumers may pay for taxi fares and small purchases with their mobile phones.

You can leave home without your American Express card now if you are heading to Neiman Marcus.

Alliance Data Systems Corp. has signed a new long-term agreement to issue private-label credit cards on behalf of women’s clothing retailer Christopher & Banks Inc., the issuer announced Oct. 27.

Mobile e-commerce is taking off rapidly in China, according to a report released Oct. 26 by the Beijing-based iResearch Consulting Group.

CHICAGO— The International Anti-Counterfeiting Coalition will launch a portal-based reporting system to help acquirers monitor and get rid of fraudulent online merchants, Robert Caldwell, founding partner of Bellevue, Wash.-based G2 Web Services, told attendees here Oct. 27 during an Electronics Transactions Association leadership summit.

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.